Sports Betting Strategy: Spread Betting

Date IconLast Updated: 2024 Mar 14
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Sports Betting Strategy: Spread Betting
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When it comes to sports betting, point spreads can be one of the most popular betting types, depending on which sport you’re wagering on. Essentially, a point spread allows the oddsmakers at your favorite sports betting sites to provide a small margin of error by creating a spread in which you can place your bet within based on the score of the game. This will mean you will be betting on a team to score a certain number of points – but the spread will signify the number of points between either team’s score.

How does a point spread work?

If you’re betting on a favored team, your sportsbook will have that team listed as a negative number, let’s say -7.5. Conversely, an underdog team will be listed with a positive number, +7.5.

Depending on your research and which team you have decided to bet on, these two outcomes have different meanings.

  • The negative number signifies how many points the favored team has to win the game by.
  • The positive number signifies that the underdog team must win or lose by less than that many points.

Ultimately:

  • The favored team will need to win by more than 8 points.
  • The underdog team will need to lose by less than 7 points, or win the game outright by any amount.

This will give the underdog a slight advantage, so where you may not find value in betting on an underdog on the moneyline, you can find some value here by betting on point spreads.

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How to read Point Spread odds

We have the basics of a point spread wager down, now let’s look at the odds that will be associated with your wager. If you’re familiar with moneylines, you will understand how the odds work for the most part, but we can briefly go over this again.

Your sportsbook or sports betting site will create odds based on thorough statistical analysis and will choose a favored team and an underdog team. The odds associated with these teams will show the likelihood of that team winning the game. Again, the negative symbol will show that the team is likely to win, and the higher the number is in the negative, the more likely that team is to win. The positive symbol will again show you the underdog team, and the higher the positive number, the less likely it is that team will win.

Point Spread Betting using American Odds

American odds are most prevalent in North America and are commonly viewed in Canada by sports bettors, so we will start there.

When you are looking at the point spread odds for a game, you will see your negative/positive spreads and then next to it in brackets will be the odds (-110) or something of that nature. Point spread odds aren’t the same odds you would see with moneylines, having huge underdogs as there is a margin of error, so sportsbooks don’t tend to be too risky with this betting type.

We commonly will see (-105) or (-110) but sometimes you may see upwards of 20 points on either side, if it is a highly likely betting option.

What American odds do really well is show you your potential winnings on a C$100 wager if you’re betting on underdog odds. If your +7.5-point spread that you had above had odds attached to it of (+105), you would win C$105 on a C$100 wager – it’s that simple.

The favored team’s odds will show us how much we need to wager to win C$100. Let’s say that -7.5 point spread had (-115) odds, you would need to wager C$115 to win C$100.

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Point Spread Betting using Decimal Odds

If you’re more accustomed to decimal odds, we have you covered as well – decimal is also viewed in North America but is mostly prevalent as a standard odds format in Europe. The decimal odds are very simple and can show you what you could potentially win for each dollar you bet. All you need to do is take the decimal odds that are listed by the team you want to bet on, and multiply your stake by those odds (subtract your C$1 from your odds).

Our underdog odds above on an C$80 wager would work out to 2.05 and all we would need to do is multiply 1.05* 80 = C$76 (We removed the C$1 wager from the odds to make it 1.05) then you would also receive your C$80 returned for C$164 in winnings.

Our favored team’s odds would work out to 1.86 in decimal odds, and if we were to place an C$80 wager on them, we would take away our initial C$1 to make the odds .86:

0.86 * 80 = C$68.80 then you would also receive your C$80 back for a total of C$148.80 in winnings.

Point Spread Betting using Fractional Odds

Last but not least, fractional odds give you the opportunity to put those grade school math skills to the test. When using fractional odds for point spreads, you will follow the same rules as the other odds formats, you will simply multiply your stake by the numerator then divide that by the denominator.

Our 7.5-point favorite above’s odds would translate to 20/23 in fractional odds. If we were to bet C$50, we would multiply 50 by 20 = 1,000 then divide that by 23 = C$43.48 in winnings on top of your initial stake for a C$93.48 payout.

The underdogs on the other hand, would have fractional odds of 21/20. This would mean we would multiply C$50 by 21 = 1,050 then divide that by 20 for C$52.50 in winnings. Add this to your initial C$50 to double your money.

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Point Spread Betting by Sport

Point spreads can be displayed differently or look differently depending on which sport you are betting on. We want to show you real examples of point spreads in each professional sport so you can have an idea of what this should look like or why point spreads are called different things in different sports.

NFL Point Spreads

NFL point spreads are arguably more popular than moneyline wagers or totals when it comes to betting regularly on Sundays. With point spreads you have the option to bet on underdogs with a little more confidence. In NFL betting, you may see spreads between 1.5 and 11 points, depending on the teams.

Popular point spreads are set as a field goal differential or a touchdown differential – 3.5 or 6.5. If you are betting on the Indianapolis Colts (+3.5) and the Detroit Lions (-3.5), you know the Lions are favored and need to win by more than four points, and the Colts are the underdogs and need to win or lose by less than three.

NBA Point Spreads

We all know the NBA is high scoring, which can make predicting the score nearly impossible. However, we don’t see large spreads in the NBA due to the caliber of play. Teams tend to be so closely matched and teams can score so quickly, if the oddsmakers keep the spreads close, they won’t have huge risk associated with the games.

You might commonly see -1.5/+1.5 spreads or even a few points more, but nothing too high unless we are looking at a huge underdog situation.

NHL Point Spreads (Pucklines)

Hockey is one of those sports that doesn’t record points, they record goals, so point spread didn’t exactly roll off the tongue. In the NHL, we call point spreads Pucklines. They work the same as other sports, they just go by a different name.

You can find spreads between 0.5 and 5.5 goals, as hockey is such a low-scoring game. You may find a point spread on a Montreal Canadiens (-1.5) and Boston Bruins (+1.5) game that you want to bet on. This means the Canadiens are favored and will need to win by 2 or more points, and the Bruins are the underdogs and need to win, or they can lose by 1 goal and your bet will still win.

MLB Point Spreads (Runlines)

Baseball is another sport that doesn’t track points, they track runs. Point spreads in the MLB are aptly named Runlines. There will be runline spreads usually are in the 0.5 to 2.5 range, but in baseball, it can be easy to accumulate points fast - all a team needs is one hot inning or a Grand Slam, and we’d be looking at a vastly different ball game.

If you’re looking at the Arizona Diamondbacks (+1.5) versus the Pittsburgh Pirates (-1.5), we predict a close game, and the Pirates are favored, meaning they will need to win by 2 points. If you bet on the Diamondbacks, they could lose by one run, or win the game outright for that bet to cash.

Soccer Point Spreads (Goallines)

Soccer spreads, or goalline wagers because they don’t track points, is one of the trickier point spreads because they will have spreads that are fractions of points. You may see your usual 0.5, 1 point, 1.5, but you will also see quarters of points. Also, soccer games can end in a draw, which means the teams would tie, forcing a push and you wouldn’t win anything, just your stake is returned.

Best Online Sportsbooks for Point Spread Betting

Now that you have an idea how point spread bets work and how to read the odds, you can start making your spread bets. Finding a new sports betting site for your point spread betting should be a top priority and is the best starting point if you’re new to sports betting.If you're based in Ontario you can now read our dedicated reviews for sports betting in Ontario to find the best operator for you.

Our sportsbook reviews provide an in-depth look at the most important criteria that sports bettors of all skill levels look for, including deposit options, bonus information, sign-up processes, security, mobile compatibility and more.

Finding a sportsbook that suits your needs is important, and making sure the sportsbook has great point spread odds is an important factor!

FAQ

What is the Point Spread?

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How does betting on point spreads work?

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What does point spread mean in basketball?

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What does point spread mean in football?

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How to read the point spread?

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    Tooltip The number of sports with in-play betting available
    30
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    ComeOn! is a popular international brand. It features a platform with clean design that's responsive and easy to use. ComeOn! Rewards make everything more interesting as players can enjoy benefits while betting on sports.
  25. Huge selection of games to bet on
    Higher than average odds in various markets
    Bet on games from all over at OhMySpins
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    30
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    Yes
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    0
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Oh My Spins offers a number of great features to its customers. It is certainly proud of the in-play betting and extra wagers options allowing users to get in on the live betting action even after the games have already started.
  26. 33
    Sportaza Sports
    Established 2021
    More Details
    96% Payout Rate On Top Leagues
    Bitcoin And Other Crypto Payments Available
    Higher Odds Than Other Betting Site Options
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    30
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    -
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Unlike other betting companies, Sportaza appeals to a new generation of customer by gamifying its offering. This means every week, the online bookmaker will host challenges and tournaments where bettors earn points to improve their VIP rank.
  27. 34
    PowerPlay Sports
    Established 2018
    More Details
    Generous Welcome Offer
    Sport-Specific Promotions
    Comprehensive Selection of Sports
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    7
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    PowerPlay is a host to big selection of sports betting options. Sport-specific promotions are there to reward players with various benefits.
  28. 35
    Stake.com Betting
    Established 2017
    More Details
    Betting Partner of UFC, Everton, & Watford FC
    Vast range of sports and markets on offer
    UEFA Champions League and More Live Streaming
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    100
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    38
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    The world's leading crypto sports betting site - Buy and bet with 19 different cryptocurrencies.
  29. 36
    Zet Bet Sports
    Established 2022
    More Details
    Fast & Clean Betting Interface
    Zet Boost' Accumulator Boosts
    Broad Range of Sports & Esports Markets
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    32
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    ZetBet is a new to market betting site that includes an attractive sportsbook with excellent filters to enable you to find your bet quickly and easily.
  30. 37
    Guts Sports
    Established 2013
    More Details
    Tennis Betting Leaderboard
    Big Selection of Popular Sports
    Clean Design for Smooth Navigation
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    32
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Guts is a great platform where sports betting enthusiasts will find everything they need. Plus, they can play casino games and poker if they like to.
  31. Mega Win When Bettors Combine Selections
    Comprehensive Collection of Sports, Including Esports
    Esports Video Streams
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    18
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Neo.Bet is a sportsbook that attracts users with its competitive odds and unique features. Personal bet configurator is one of them. The platform runs smoothly on devices with screens of all sizes.
  32. 39
    Spinzwin Sport
    Established 2017
    More Details
    Abundance of sports betting markets
    Licensed by UKGC and MGA
    Availability of partial cashouts
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    21
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    SpinzWin definitely knows how to cut through the noise. The site’s operator has been in business for over a decade, which says a lot.
  33. 40
    Monster Casino Sports
    Established 2017
    More Details
    Dual Sportsbook & Casino Platform
    10% Cashback on Sports Betting Losses
    'Wager Wars' Leaderboard & Cash Prizes
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    17
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Monster Casino Sportsbook is the new sports betting offering from this long established casino brand, with a small but select selection of sports to bet on.
  34. 41
    Karamba Sports
    Established 2005
    More Details
    Regular Money-Back Special Offers
    Karamba Battle' Betting Tournaments
    ‘Karamboost’ Accumulator Boosts
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    29
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Karamba is a dual sportsbook and casino operator who offer a decent range of sports markets, plus live betting and cashout options and a 'Karambot' odds calculator.
  35. 42
    Palm Slots Sports
    Established 2022
    More Details
    Crypto-Friendly - Including Bitcoin
    Integrated Casino Wallet
    Leading Esports Betting Provider
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    PALMBET100
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    21
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    A new sportsbook to Canada, PalmSlots is operated by NewEra B.V, a trusted brand responsible for Pribet, Cashalot, and FaroUK.
  36. 43
    Luckster Sports
    Established 2022
    More Details
    Well Designed & Easy To Use Interface
    ‘Boost Up’ Accumulator Boosts
    Live Betting & Cash-Out Options
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    9
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Luckster is a dual sportsbook and casino platform with a vaguely Irish theme, including the inevitable leprechaun logo and shamrock imagery.
  37. Simple & Easy to Navigate Betting Lobby
    'Wager Wars' Leaderboard & Cash Prizes
    10% Cashback on Sports Betting Losses
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    29
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    The Online Casino, as its name clearly indicates, is a casino first operator with an added sportsbook if you also fancy some sports wagers.
  38. 45
    mr.play Sports
    Established 2017
    More Details
    Dual Sportsbook & Casino Platform
    Distinctive ‘Moustache’ Branding
    ‘PlayBoost’ Accumulator Boosts
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    32
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    Mr.Play Sports has a fun style of its very own, with a memorable handlebar 'tache wherever you look, but it boasts a serious amount of betting markets, plus Premier League & 'Euro Elite' betting battle tournaments.
  39. 47
    BetItOn Sportsbook
    Established 2020
    More Details
    Rising Star Operator of the Year' 2021
    Single or Acca Bets Cashout
    ‘BoostItOn’ Accumulator Boosts
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    12
    Bet Builder
    Tooltip Can you create your own personalised bets?
    No
    BetItOn have ex-Liverpool striker and Champions League winner Djibril Cissé as their brand ambassador and resident football expert
  40. 48
    Vegasland Sports
    Established 2022
    More Details
    Operated by Marketplay Ltd & Aspire Global Ltd
    Bet Builder available for most popular sports
    Excellent Basketball Odds
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    No
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    8
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    VegasLand sports betting has a huge variety of markets with top licensing from Malta. Obscure, hard-to-find leagues are available here. Free bets and excellent odds on your favourite sports can be found.
  41. Official Partner of Reading FC
    Ultra-Fast & Easy To Use Interface
    Daily Odds Boosts & Special Offers
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    20
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    35
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Casumo is one of the most distinctive and innovative online sportsbook (and casino) operators in Europe. They like to keep things as simple as possible, with a savvy sports betting user interface.
  42. 50
    Betway Sports
    Established 2006
    More Details
    Esports Operator of the Year' 2019
    Rewarding Parlay Club
    Exclusive Esports Club
    Promo Code
    Tooltip The code required to claim a sign-up bonus (if any)
    not required
    Min Deposit
    10
    Acca Insurance
    Tooltip Refund or free bet when one selection in an accumulator lets the bet down
    No
    Live Streaming
    Tooltip Is there live streaming of sporting events?
    Yes
    In-Play Betting
    Tooltip The number of sports with in-play betting available
    28
    Bet Builder
    Tooltip Can you create your own personalised bets?
    Yes
    Betway was founded back in 2006, making it one of the experienced brands in the market today. Aside from having a massive selection of sports, the brand excels with esports betting odds.