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Point Spread

With a pointspread, winning a bet is not determined by which team actually emerges victorious, but by the contest's final score. Here is how it works. When a game ends, the pointpsread must be subtracted from the number of points scored by the favorite. After that step is taken, the team with the higher score is deemed the victor for betting purposes. (Or, adding the pointspread to the score of the underdog). Here is an example. The table below shows how a betting board would look if Michigan were a seven-point favorite over Purdue.

Game # 101

Purdue

 

Game #102

Michigan

-7

Placing a wager on Michigan would require laying seven points. Therefore, when the game ends, seven points must be deducted from the total number of points scored by Michigan to determine the point spread winner. If the Wolverines won, 24-20, then bettors who took Purdue would win. Even though Michigan won the game, bets on Michigan would have lost. If UM had prevailed, 28-20, then it would have 'covered' the point spread. Had UM won, 27-20, all bets on the contest would be refunded.

Sports bettors should remember that a point spread is not a prediction by odds makers as to a game's outcome. Rather, it is a number that odds makers feel will attract equal action on both sides of a game. If the same amount of money is bet on both sides of a particular event, bookmakers would have no liability.

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Totals Over/Under

Bettors also can wager on the total number of points scored between two teams. In these instances, bettors simply would decide whether they want to bet 'OVER' or 'UNDER' the total posted for a particular event. If the combined final score matches the total, bets are refunded.

Parlays

Another type of bet is called a 'parlay,' which involves two or more outcomes as part of the same bet. In order to win a parlay, all of the components must win. The payouts for parlays are much greater than those for straight bets. Parlay cards are the most popular betting option. Every sports book offers a variety of options and combinations. An example of how a parlay card traditionally pays out appears below.

2-teamer

13 to 5

3-teamer

6 to 1

4-teamer

10 to 1

5-teamer

20 to 1

6-teamer

40 to 1

Teasers

Another type of wager is a 'teaser,' which offers bettors a more advantageous point spread in exchange for lower payoffs. When betting a teaser, bettors are given 6, 6½ or 7 points for football and either 4, 4½, or 5 points for basketball. Proceed at your own risk. They're called teasers for a good reason. There is so much information available these days that well-informed players should be one step ahead of their bookmaker.


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