What Does It Mean To Cover The Spread
In order to know what it means to cover the spread, you first need to know what the spread is. The spread, short for ‘point spread ’, is a betting market that places a handicap on the favorite in a sporting contest while at the same time granting a points ‘start’ to. What Does Covering the Spread Mean? “Covering the spread” is another way to say that a team won a point spread bet. In the above example, Ohio State winning by 7 points or more as a -6.5 favorite means they covered the spread. If Penn State lost by 6 points.
- What Does It Mean To Cover The Point Spread
- Nfl Teams Covering The Spread
- Cover The Point Spread
- What Does It Mean To Cover The Spread
Point Spread Explained: What is point spread, ATS, cover the spread, chalk and more. When you first begin to learn about sports betting, you will hear plenty of betting lingo you are unfamiliar with, along with the names of different types of bets. This would mean in order for a bet on the favored team on the spread to win they would need to win by more than 6.5 points (7 or more) in order to win the bet. It also means that a bet on the underdog team would win if the underdogs lost by less than 6.5 points (6.
Point spread betting is the most popular form of sports betting. The vast majority of sports wagers use a point spread thanks to the popularity of football and basketball. Even though this type of betting is so popular, it may take awhile to understand.
The point spread is sometimes known as an equalizer for sportsbook operators. All teams aren’t created equally, so sportsbooks can create a point spread for a game so that each team playing has an almost even chance of winning the game. In a way, the point spread will even the field for both teams.
The point spread gives a reason for bettors to risk money on both teams. The better team playing in the game is considered favorite. They have to win by the point spread offered by the sportsbook. The favorite in a game is listed as being minus (-) the point spread.
The worse of the teams playing in the game is called the underdog. The bettor wins if this team wins the game outright or loses by an amount smaller than the point spread. The underdog in a game is listed as being plus (+) the point spread.
Let’s use this past Super Bowl between the Tampa Bay Buccaneers and Kansas City Chiefs as an example.
Using this example, the Chiefs were 3-point favorites over the Buccaneers. The Chiefs needed to win by 4 or more points to cover the spread.
Likewise, the Buccaneers were 3-point underdogs. That means the Buccaneers needed to win the game outright or not lose the contest by 4 points or more. At Chiefs -3, if they won by exactly 3 points, the betting result would have been a “push” and bettors for both sides would have gotten their wagers refunded.
The Buccaneers pulled off the upset, winning by a score of 31-9, and rewarded bettors who backed them at +3.
Point spread betting odds
Point spreads are usually set with -110 odds, but pricing often fluctuates at online sportsbooks. This is the sportsbook operators’ house edge. The odds guarantee the sportsbook operator will see a little money over time. When the odds are set at -110, the bettor must wager $110 to win $100 (or $11 to win $10).
The odds on a point spread are most commonly known as the vigorish or “vig” for the sportsbook. You might hear this small profit margin for the sportsbook called the “juice” by some sports bettors.
Point spread FAQs
What does ‘pick em’ or ‘pick’ mean in NFL betting?
A “pick em” (sometimes seen as “pick”) is when the teams have a point spread of zero, meaning neither team is favored. In this instance, you’re essentially picking moneyline and your bet will be determined on the winner alone.
What does -7 and +7 mean in NFL betting?
What Does It Mean To Cover The Point Spread
A spread of minus-seven (-7) means that a is favored to win the game by a touchdown (technically, a touchdown and the extra point). A team favored by -7 must win the game by eight or more points to win the bet. If the team wins by seven, the result is a “push” and the bet is refunded.
A spread of +7 means the team must win the game or lose by fewer than seven points to win the bet. A loss by seven would result in a push.
What does -3 and +3 mean in NFL betting?
A -3 spread means that the favorite must win by more than a field goal to win the wager. A three-point win would result in a push and the sportsbook would refund the wager.
A spread of +3 means the team listed as the underdog must win the game or lose by fewer than three points to cash the bet. A three-point loss would be graded as a push by the sportsbook and the bet would be refunded.
Why are point spreads in the NFL so much lower than in college?
In 2019, the Baltimore Ravens led the NFL in point differential per game at +13.7 points; the Miami Dolphins ranked last in the NFL in point differential per game at -11.7. Even Kansas City– known for their explosive offense– had an average point differential in 2019 of just 9.7 points. The net point differential in the NFL is -14.1, or -0.9 points per game. Basically, the talent differential in the NFL is so minute that even mismatched teams often draw games within a score of each other.
NFL spreads are most commonly between one point and four, with six being a heavy favorite and extremes coming out around 15-20 point favors. (For those wondering, the 1941 Chicago Bears hold the NFL record of point differential at +15.7 points per game. Conversely, Ohio State had a +33.1 average point differential in 2019.)
Point spread and odds movement
Sportsbook operators often aim to have equal money on both sides of a point spread. When the money is exactly split the sportsbook operator will see the exact vigorish as their profit margin. If all things are equal over time this will maximize how much money the sportsbook operator can make.
In an effort to have equal money on both sides of a wager, the sportsbook operator will move the point spread to attract money on the side that customers aren’t betting on. The odds for a point spread might change before the actual point spread. There are certain point spread numbers, like 3 and 7 in football, the sportsbook operators would like to avoid moving away from since the final score margin falls on these two numbers most often.
For example, if a lot more money is wagered on the New England Patriots -3, the vig may shift from -112 to -115 and -120 before the line moves to -3.5.
Run and puck lines
Football and basketball games are mostly bet using a point spread. The less popular major sports, baseball and hockey, are mostly bet using a moneyline. In an effort to make baseball and hockey more appealing to point spread bettors, the sportsbook operators offer run and puck lines, respectively.
These alternative lines give point spread bettors a chance to wager on other sports using a more familiar method of betting. Since points (runs and goals) aren’t as easy to come by in baseball and hockey, the odds with the lines may have a wider spread than a football or basketball game.
I have to admit, I’m one of those sports fans who if I don’t know what something means, I have no shame in asking. Except when it comes to things that I should technically “already know”.
That is the problem that I continuously run into the problem of when I hear the terms “cover the spread” or “I’ll take the points”. I do what a lot of girls do, shake my head and smile to give off the perception that “yeah she knows what she’s talking about”.
Many girls feel somewhat afraid to ask questions when it comes to sports.
Usually they are laughed at for not knowing things that seem very simple to the avid sports fan. Avid fans seem to forget that you could spend dozens of years learning about so many rules, stats and the history of each sport and still not know everything.
But that’s also what makes sports so much fun to watch and learn.
I decided instead of asking someone what “covering the spread” means, I would just take the simple route: When it doubt, Google it. And I’m pretty sure, the search engine won’t be laughing at me!
Read on to find out what a point spread, covering the spread, against the spread and over/under mean….
Nfl Teams Covering The Spread
The “spread” is the difference in points scored by opposing teams in an athletic competition. The spread is also known as “the line” or “morning line”. This provides the basis for wagering : points may be “given” or “taken” to equalize a bet, or bets may be made that the difference will be larger or smaller than the estimate.
In simpler terms its when one team is the favorite over the other… so the spread is how many points the favorite has to beat the underdog by.
The spread is the difference in points between the two teams when the game is over. It’s what oddsmakers come up with to determine the winner and margin of victory of a game.
For example: the Lakers are the favorite over the Spurs by 5 points. So the Lakers must beat the Spurs by 5 points to cover the spread. This is how it will be written out in a Sportsbook
Lakers -5
Spurs +5
Cover The Point Spread
If one team is minus, then the other team is plus of the same number, so really you only need to see one of the numbers, to know the other.
If the line on the Lakers was -5.5 instead of -5, you would have to bet 6 (and have the Lakers win by that much) in order to collect on a bet. If you bet just the -5 then some betting sites would at least give you your money back or a credit towards future use.
What Does It Mean To Cover The Spread
A bet where you try to determine which team will cover the spread; not necessarily which team will win. It’s also known as ATS.
Over/Under means the odds-makers picked the most likely total combined score of both teams. For example in an NFL game with the Jaguars vs Dallas the over/under is 37. You can either bet on either “over” or “under”. Over, is if the two scores added up at the end, total to over 37. Under is if when you add them together, they’re less than 37. If the total is 37, it’s a tie, or “push” again.
If your anything like me and math is not your strongest suit, you will have to read that a couple dozen times to fully understand it. It took a while to find a clear answer on these questions but saved a lot of time from pretending to understand and trying not to look confused if someone were to explain this to me in person.