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How to Place Point Spread Bets
Few bets are as exciting as point spread lines. So, it is not surprising they are among the most popular wagers with sports bettors. And it is super-easy to join in on the fun. Read our informative four-step guide and start placing point spread bets like professional bettors.
Choose a Trustworthy Bookmaker
Start your point spread betting adventure by going through the list of bookmakers at Betpack. Choose one of our top-rated picks by analyzing the bonuses and perks it offers.
Sign Up and Deposit
Next, set up your betting account. Enter your personal information and verify your new account as soon as you are done. Then make your first deposit using your preferred payment method.
Find Point Spread Options
Now, go to the sports betting section and select the matches you want to wager on. Find the point spread bet type and choose the one you would like to include in your bet slip.
Place Your Point Spread Bet
It is now time to place your bet. Check that you have included all the games you wanted to bet on and enter your stake. Submit your wager and watch your selections to see if your bet wins.
Strategies and Tips for Point Spread Betting
As with many other bet types, using proven wagering systems and betting strategies can improve your chances of winning your point spread bets. In general, even just spending some time to analyze the form of teams and players has a significant impact on your chances of winning. So, you can imagine how much more effective a point spread betting strategy or some well-researched betting tips will be. Here, we list five handy point spread tips.
You might notice that sometimes when you are placing point spread bets on matches between the same teams there is a point spread change. For instance, you might be betting on the game between the Dallas Cowboys (-2.5) and Cleveland Browns (+2.5), but notice that the reverse fixture, Cleveland Browns (-1.5) vs Dallas Cowboys (+1.5) comes with a different point spread.
The reason for this is the home-field advantage. Of course, there are other factors, such as form, injuries, and suspensions. However, the home advantage and support from loyal fans affect the performances of teams. Bookies know this, so they adjust the point spread.
Therefore, the next time you think a favourite will have no problem covering the spread, consider if that team is playing home or away. If it is the second, the bookmaker has already taken the home advantage of the other team into account. In other words, the spread is quite realistic, and it is not the great value bet you thought it was. So, don't break the bank to back the favourite playing away from home. You might be backing a losing bet.
When the point spread changes, that is indicative of the bookmaker knowing something you might not. Similar to betting odds changes, the altering of the existing point spread tells you that there might have been a last-minute injury to a key player or a dressing room problem for one of the teams.
Whatever the reason, a point spread change is not something you should ignore. Instead, investigate what might have made the bookmaker update its existing point spread. If you can't identify the reason for the change, either adjust the bet stake size to reflect the new point spread or consider placing a different wager, such as a money line bet, for instance.
Most sportsbooks, especially the best ones, have enticing betting offers and free bets. You can use these promotions to wager not with your own funds, but with the bonus credits the bookmaker has given you. That, in turn, will allow you to eliminate the fear of losing your wagers and facilitate riskier wagers which also come with higher odds and better potential winnings.
For instance, you might be tempted to bet on a team that hasn't covered the spread yet, but you have a feeling that might change. One of the best and safest ways to do that is to use a free bet or some of your bonus funds. If your bonus bets win, you will be glad you went with your instincts and didn't pass up on the opportunity to capitalize on some great odds. If you lose, no problem. It wasn't your money that you wagered with after all.
However, before claiming a bonus, make sure what it takes to activate it and then withdraw your winnings obtained for the promo. For instance, for some bonuses you need to enter a promo code, while others are only activated when you use predetermined payment methods, such as credit or debit cards. More importantly, some promos come with steep wagering requirements, meaning you might find it hard to withdraw your winnings from the bonus.
One of the great things about point spread wagers is that they allow you to get great odds when backing the favourites. However, with point spreads, you can also bet on underdogs, especially when they are in good form and you think they can spring a surprise.
Moreover, the positive spread the underdog comes with will serve as a safety cushion. So, your team might lose but stay within the range of the spread, and you might have a winning bet even when the side you backed fails to win. That won't be the case if you put your money on that team to win outright.
It is always smart to keep tabs on the odds of the events you are betting. Most bettors don't do this, so they don't know if the odds they are betting on are higher or lower than they were two days ago, for instance. Even a small change in odds can signal a significant development for one or both teams leading up to the match.
When the odds are dropping for teams, sportsbooks and punters think their chances of winning are improving. In contrast, when the odds increase going into the game, that tells you bettors worldwide are backing the other team. And they often have a very good reason to do so. Your job is to find out what that reason is and see if you can find value in those bets.
Frequently Asked Questions
How does a point spread work?
A point spread works by handicapping one of the teams, the favourite, and adding points to the other team, the underdog. The bookmaker does this to level the playing field. So, for the favourite to win it will have to win by a bigger margin than the points subtracted, while the underdog can win or lose, but not by more than the points advantage given by the sportsbook.
What does the minus sign mean in point spread betting?
The minus sign in point spread betting tells you that you are betting on the favourite to win. The number next to the minus sign shows by how many points that team has to win to become the winning bet. So, if Team A (-2.5) plays Team B (+2.5), Team A must win by three points or more.
Are there point spread bets in live betting?
Yes, there are. You can bet on point spread markets in both the pre-match sports wagering section and in the live betting part of the sportsbook.
What are the rules for point spreads?
In point spread betting, the better team has negative points, while the underdog is given a points advantage. That means the stronger team must win by a bigger margin than the negative points subtracted from its final score. If you are betting on the underdog, you will benefit from the extra points added to its side of the final result.