What is Point Spread in Sports Betting?
Definition
The point spread is a number set by sportsbooks that represents the expected margin of victory in a game. It functions as a handicap, requiring the favorite to win by a certain number of points while allowing the underdog to lose by up to that number. Point spreads are the backbone of NFL and NCAA football and basketball betting.
Point Spread Explained in Detail
The point spread and the spread are the same thing. The term point spread is simply the full name, while spread is the shorthand used by bettors and oddsmakers alike. Both refer to the handicap number assigned to equalize betting interest on both sides of a contest.
Oddsmakers set the point spread based on power ratings, historical matchup data, injury reports, home-field advantage, and public betting tendencies. The initial line is called the opening line, and it moves throughout the week as money comes in from bettors. The final number before the game starts is called the closing line.
Professional bettors consider the closing line the most accurate reflection of each team's true chances. Consistently beating the closing line, known as having positive closing line value, is one of the strongest indicators of long-term betting success.
Point spreads are most popular in football and basketball because these sports have higher scores and more varied margins of victory. In lower-scoring sports like hockey and baseball, alternatives like the puck line and run line serve a similar purpose but are fixed at 1.5 rather than varying from game to game.
Point Spread Examples
Alabama is -14.5 against Auburn. Alabama must win by 15 or more points to cover the point spread. A 14-point Alabama victory means the underdog Auburn covers.
The Lakers are -5 against the Celtics. If the Lakers win 110-106, they won the game but did not cover the 5-point spread. Celtics +5 bettors win.
Related Terms
Spread
The spread, also called the point spread, is a handicap set by oddsmakers to level the playing field...
Cover
To cover means to beat the point spread. A favorite covers by winning by more than the spread, while...
Closing Line Value
Closing line value, or CLV, measures whether a bettor consistently gets better odds than the final l...
Line Movement
Line movement refers to changes in the odds or point spread of a game between the time the line open...
ATS
ATS stands for against the spread, referring to a team's record when the point spread is factored in...
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