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How Betting Odds Work - Sports Betting Odds Explained

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Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds or money-line betting or parimutuel betting. A spread is a range of outcomes and the bet is whether the outcome will be above or below the spread.

Spread betting has been a major growth market in the UK in recent years, with the number of gamblers heading towards one million. The key to Value Betting is knowing when to bet on the Underdogs and when on the favorites.

These type of bets were the underdog actually has a chance of winning over the favorite and the payout is more that the initial bet are called Value Bets, and they are the key to success. Everybody likes to see the Underdog doing well but when it comes to lay some money most bettors tend to go with the favourites, in fact sports bettors tend to bet on the favourites far more often than they should.

Sportbooks like to even the game by offering point spreads on the underdog. Point Spreads are additional points or goals a sportbook gives a team to add-up to the end result. There’s no bonus for an underdog winning.

However, just because it’s a bet on the spread doesn’t mean both bets pay out equally. In l In any casino I’ve visited, point spread betting only has two outcomes your team beats the spread or it doesn’t.

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There’s no bonus for an underdog winning. However, just because it’s a bet on the spread doesn’t mean both bets pay out equally.

In low scoring games like soccer or baseball, you might see a line like Favorite, Underdog + with a spread. In this case, the bet is still against the spread, but with an asymmetric payout. How does spread betting trade company earns. In spread betting, the favorite has to win by a certain number of points for the bettors who pick them to cash in. On the other hand, the underdog gets’ points, meaning that bettors who back them will see a profit even if they lose, so long as it’s by less than the spread.

Often, you will see a spread with a half-point attached to it. This is called a hook you’ve probably heard someone say they lost by the hook. Betting on the underdog can be part of an effective betting strategy. Some of the greatest moments in sports history have involved an underdog triumphing against a favourite. Everyone loves an underdog that is, except when it comes to betting. Average punters love popular teams and players, and sometimes this creates a bandwagon effect that drives odds for the favourites unreasonably low.

Similarly, weaker contestants may be undervalued thanks to public memory of recent, significant losses. In betting markets, the odds on underdogs may provide far better value. 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.

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 Super Bowl 54 odds as an example NJ PA IN WV. In sports betting, the underdog is a team or individual expected to lose a match based on the money line or point spread.

It could be a loser of a fight, race or football game. The underdog is suggested by odds at a sportsbook. Usually, underdogs are indicated by a plus + sign and a number next to it. Betting on home underdogs is essentially betting on the success of a home team whose odds suggest they are least likely to win a match.

However, home underdog trends change season to season. A lot of bettors tend to place wagers on away favorites than underdogs playing at home. But, we tell you what home teams win a lot in all sports. Which means home underdogs win too, although in most cases they cover towards the end of the match.

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What is Betting Against The Spread? For each NFL game the oddsmakers set a number of points in which the favored team is favored by.

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Bettors can then either choose for the favored team to win by more than the number of points set, or bet on the underdogs to lose by less than the number of points they are underdogs by or win the game straight up.

For example, the spread could be set on the favored team at points. 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 points 7 or more in order to win the bet. This underdog betting strategy shows that by betting League Two sides playing away. At the maximum closing odds available.

Would have yielded a profit since Using the closing odds at Pinnacle this betting system would have also recorded a profit of. Pro Footy Tips is a tipster that is also showing that there is money to be made from backing underdogs in football. When looking at underdogs you should always check the betting exchanges.

Betting The Underdog In Football. In conclusion you can see that it is possible to make money backing underdogs in football. Much like every other aspect of gambling whether its sports betting, sports trading or poker. If you put in the research, find a sufficient edge and use a proper staking plan.

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Compare CFD trading and spread betting and see which suits your requirements. Read our table comparison between CFD vs.

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Spread betting and CFD trading are both leveraged products enabling you to open a position while putting up just a percentage of the capital. Though they share many benefits, there are key advantages unique to each. Interested in spread betting with IG?

No commission, just our spread. Betting underdogs can be profitable in certain cases. Below, we’ll explain how to bet NFL underdogs whether it’s a Monday Night Football game, a Thursday nighter, a Sunday day game or the Super Bowl. Underdogs and the NFL Point Spread. In order to even the betting field, oddsmakers the people who set the odds so you can make your picks give the underdog an advantage through the point spread.

Let’s say the Tampa Bay Buccaneers are playing the New Orleans Saints. NFL spread odds would look something like this Saints In this NFL betting scenario, the Saints are the favorite. In order for them to cover the spread, they would need to win by eight points or more.

Conversely, the Bucs would need to win outright or not lose by more than seven points to cover.

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With spread betting, however, how much you win or lose depends on the margin by which you bet wins or loses. The payout equals the stake multiplied by the difference between the result and your chosen line or total. The bookmaker will temporary hold an amount greater than you stake from your account until the bet is concluded.

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This is to ensure there are sufficient funds in your account to settle the bet in the event of a heavy loss.

The best way to illustrate spread betting is to provide examples. To the right is a screenshot of markets for an AFL game. With a traditional line bet a bookmaker. Spread betting is a form of gambling on the outcome of any event where the more accurate the gamble, the more is won and conversely the less accurate the more is lost.

A bet is made against a spread’ or index, on whether the outcome will be above or below the spread. The amount won or lost depends on the level of the index at the end of the event. For example, if a bettor places a bet on an underdog in an American football game when the spread is points, he is said to take the points he will win his bet if the underdog’s score plus points is greater than the favourite’s score.

If he had taken the favourite, he would have been giving the points and would win if the favourite’s score less points was greater than the underdog’s score.

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A thorough study of soccer underdog gambling. Today’s article discusses the question what would have happened when backing the underdog playing away from home in the German Bundesliga? Such a match was played in this league on 2305 between Moenchengladbach and Augsburg. The best bookmaker odds for the full-time 12 market at kick-off were Home Draw Away.

Moenchengladbach were the clear favourites at Augsburg the rank outsiders. However, the men of Augsburg won the game, defying their long odds.

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How regular do such things occur? Is it profitable to bet on outsiders?

Here’s a screenshot from the Backing b. Red-hot NFL expert is all over the Raiders and another huge NFL underdog to win this week.

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As you can see, the win percentage for home underdogs against the spread ATS increased with the point spread and betting dogs of eight points or more has been extremely profitable. Next, we analyzed how home underdogs have performed in recent years. The table below includes data from not including the season. Don't place underdog bets on teams that most likely won't win but you hope you'll get lucky.

A logical underdog bet is when the odds are significantly better than what they are. If the odds are 70 30 and you think they should be 60 40, it may be wise to bet When the odds go as high as 90, it might be for a reason Odds rarely skew that far, and a bet on the underdog would be illogical.

You could loose your items and eventually WILL, if you go all in on matches where you are CERTAIN your favored t. Even a point spread proved to be way too small for that one. Just picking the underdog as a rule isn’t necessarily a wiser strategy. You have to read between the lines betting term and know when to plunk down your hard earned pay on the team least likely to win. You know what I say, big spreads, big opportunities! Gambling picks with a used car salesman’s slogan, what could possibly go wrong. Spreading the Truth About Point Spreads.

Gamblers love their favorites. Oddsmakers set a point spread on a game, and the natural tendency of even many longtime bettors is to think this represents how much a team is "favored" over another to win the game. Of course, it often has little to do with that, since oddsmakers set the spreads based on public perception with the sole goal of getting 50 of bettors to wager on each team, so "the house" comes out ahead no matter whether the favorite or the underdog triumphs.

But the 50 you lose when 5 favorites win gives you a slim 2 profit overall. So instead of simply betting on the underdogs in every game, you must weed out about two-thirds of the games by following my 3 simple criteria.

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Spread betting is any of various types of wagering on the outcome of an event, where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds or money-line betting or parimutuel betting.

A spread is a range of outcomes and the bet is whether the outcome will be above or below the spread. Spread betting has been a major growth market in the UK in recent years, with the number of gamblers heading towards one million. This is a list of fights where a fighter wasn't given much of a chance to win, and ended up shocking the world.

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When betting on MMA should you bet on the favorites or the underdogs? This page continually updates with all major MMA UFC fights. We'll have a look at simply betting on all favorites or underdogs, we'll break things down by the position on the fight card and we'll look at all levels of underdog favorite to see what sort of odds over under-perform their predicted win percentage.

Won The percentage of fighters that actually won in that odds range. Avg Win Chance The average bookmaker odds for the fighters in this odds range. Odds of Avg Win Chance converted into odds format. Over Under Perform Here we compare the Avg Win Chance i.e.

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What percentage of the fights the bookmaker says these fighters should win, with how many actually won. Cover Winning against the point spread. A point underdog that loses has covered, or "covered the spread." Dime 1, A "five-dime" bet is a 5, bet.

Dime line A betting line with a cent straddle, often used in baseball. Match-up proposition A betting option that pits two players against one another in a contest or event, often used in golf and auto racing wagering. Middle A situation in which you bet both sides in a game and win both bets, due to favorable line moves.

Example Bet a football favorite at minus 2, then bet the underdog at plus 3 at another book or later in the week. If the favorite wins by exactly 3 points, both bets win. Money line The odds on a team winning a game outright, regardless of the point spread. But with sports spread betting your potential profit or loss can be many multiples of your original stake size.

E.g., if you placed a bet on a favourite on a football match to win at 15 your potential return would be fixed at 20 plus the return of your stake and your potential loss would be fixed at However, if you were to place a football Supremacy spread bet on a favourite, buying at 2 on a spread of - 2, you would return a profit of for every goal above the spread. A win for the favourites would return x. But if the match was a draw yo.

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With spread betting there is a 50 chance to win on either side since the spread is actually a handicap that is given to the underdog to even out the chances for both teams on a game or a match. The majority of the time, punters will win just about the amount they bet on a point spread. Moneyline bets can be a bit more complicated and there is no point spread involved. In fact, it is a simple bet to place as one will simply be choosing who will win the game.

For beginners, the moneyline bet on an underdog is a great choice as it will allow bettors to win 50 of the bets and still earn a profit. Spread betting is essentially a handicap towards the underdog, so the favorite needs to cover it and the bet becomes actually a question "Will the favorite cover the points spread?".

Since the method has the intention to create the primary spread handicap correct, the probability to win these bets would be mathematically equal to 50.

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If Golden State Warriors doesn't win the game with eleven points or more, the bet is lost disregarding the final outcome and real winner of the game. On the other side, if the bet was Los Angeles Lakers to win with + points at odds, in order to win your bet, you will need Los Angeles Lakers not to lose the game with more than ten points, no matter if they have actually won the game, or lost it with ten or fewer points difference. Underdogs usually win outright, or lose and don’t cover the spread.

The Four Results of a College Football Bet. There are four possible results when betting college football games against the spread. The favorite wins and covers the spread. The favorite wins, but doesn’t cover the spread. Betting moneyline underdogs has been profitable in the past 13 years. For those unfamiliar, you’ll get a bigger payout if you bet an underdog to win outright.

Oklahoma beating Alabama straight-up pays to win while betting the Sooners + is around even money to win Blindly betting every dog straight-up in a bowl game since has yielded a ROI and + units.

But this trend isn’t reliable every year. Daily Projected lines for US sports, basketball and football, free betting picks and my journey in to the world of sports betting entrepreneurship. Learn how to create betting models in google sheets using simple statistics.

Get my templates, sheets and formulas and project your own odds, lines, totals and spreads before you bet. Start with 7 Day FREE Course 7 day free betting course.

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Spread betting was invented by Charles K.

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McNeil, a mathematics teacher from Connecticut who became a bookmaker in Chicago in the s.[4] In North America, the gambler usually wagers that the difference between the scores of two teams will be less than or greater than the value specified by the bookmaker. An example The bookmaker advertises a spread of 4 points in a certain game If the gambler bets on the underdog, they are said to take the points and will win if the underdog’s score plus the spread is greater than the favorite’s score. Playing the Money Line is equivalent to picking a team favorite or underdog to win the game straight-up.

Unlike my nfl picks against the spread, for this type of bet, there is no spread. If the team you pick wins the game outright, you win your bet. If the team loses, you lose the bet. And there is no juice or vig although the odds you get have casino profit built in. I know what you're thinking - just pick the favorite each time and laugh all the way to the bank! If this bet paid even money, you would simply pick the favorites. Underdog - This is the team, side or contestant in any given event considered to be the least likely to win.

This is the team linemakers and handicappers b The underdog is "given" points for bettors to take. The underdog only has to get within the point spread in order for a player to win the bet. In a typical betting line, the underdog will usually be listed with a plus sign and number next to it this indicates how many points the side is being "given" by the bookmakers. In this example, the New York Islanders are the underdog New York Islanders + vs.

A bet on the Islanders would win if they win outright or only lose by one or two goals. If they lose by three, the bet loses. This betting angle, over a nine-year period, generated a profit of units through bets ROI +. For example, the Jets lost their past two games by and scores.

Since they are road underdogs, we are betting them tonight. Free hockey picks by Professor MJ based on his 10 winning NHL betting systems for today January 21. Should you bet the Winnipeg Jets or the Carolina linfographik.com Free hockey picks by Professor MJ based on his 10 winning NHL betting systems for today January 21.

Should you bet the Winnipeg Jets or the Carolina Free hockey picks by Professor MJ based on his 10 winning NHL betting systems for today January 21. Should you bet the Winnipeg Jets or the Carolina.

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Cover - The betting outcome on a point spread bet. For a favorite to cover, it must win by a number higher than the spread. An underdog can cover by losing by a number less than the spread or by winning the game outright. Edge - The advantage a bettor has before a bet is placed. Even Even Money - A bet to win Favorite - A team favored to win a game. Future bets - A bet on events that will happen further in the future like who will win a division or who will win a championship well in advance.

Handle - The total amount of money wagered on.

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Point spread betting gives you a way better chance of winning when you bet on the underdog but the payouts will be a lot smaller compared to moneylines. Since the majority of people prefer betting on the favorite, sportsbooks often move the line in favor of the underdog to attract more action to that side of the bet and take a little extra edge against the people backing the favorite.

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Ever wanted to bet on a team that you thought was going to do way better than everyone thought but would still lose the game? Or, have you ever wanted to bet on a team that you knew would win, but because they were big favorites the payouts were just way too low? Well, if the answer is yes to either of those questions, you’re looking for spread bets.

Spread bets are a unique type of sports betting wager where the playing field is effectively evened. The winner of the bet is not always the team that wins the game, but it’s the team that outperforms their expectations.

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The money line betting option allows you to place a bet on the team you think is simply going to win the game. In the NFL, this bet includes overtime, but there have been a few instances where the game finishes tied at the end of OT and both sides get their money refunded.

Example Chicago Bears + ML Minnesota Vikings ML. The point spread is an indication of which team is the favorite and underdog heading into their matchup. A negative betting line such as indicates that the team is expected to not only win the game outright, but win by three or more points. On the flip side, positive betting lines such as + indicate a team's underdog status.

Not only is the underdog expected to lose, but they are expected to lose by at least a field goal.

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Mathematics of spread betting. If the gambler bets on the "favorite", they give the points sometimes called lay the points and will win if the favorite's score minus the spread is greater than the underdog's score The eventual score is Underdog 5, Favorite 10 4 5, so the gambler wins The eventual score is Underdog 8, Favorite 10 4 Underdog 9, Favorite 9 + 4 13, so the gambler ties "pushes". The reverse is also the same the gambler takes the favorite and it is 13 - 4 9.

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Favourite vs Underdog in OverUnder Betting. Overunder betting or game total as it is also named, is one of the most popular bets available. While this type of wager opens with both sides equal, by the team the odds close, there can be a favourite and an underdog. For example, saying you are looking at NHL betting odds.

To win a point spread bet depends on whether you bet on the favourite or underdog. If you bet on the favourite, then the favourite needs to win the game by at least points.

If you pick the underdog, you will win your bet if the underdog wins or loses the game by points or less. Covering the spread and record against the spread are two standard betting terms used to describe a team’s success versus the point spread.

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For an underdog The underdog must outright win OR lose by fewer than the point spread. Sports books aren’t in the business of predicting who will win or lose games. Their goal is setting a pre-game point spread with the intention to generate an equal amount of betting actionvolume on both sides of the ledger as much total money being bet on the favorite as on the underdog.

Betting What is over under sports betting? What makes point spread bets attractive are the fluid nature of each game it’s a reality show that, when done right, is inexplicable. Games change on one play and momentum is a thing. But, when it comes to point spread betting, you know where you stand at every moment.

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A point spread is used in sports betting to even the odds between two unevenly matched teams. Each team is given a point total by the oddsmaker that can either be added or subtracted to the final score, thus factoring into if the bet was won or lost.

Example The point spread for Super Bowl XLI was Colts 7. The + indicates that the Bears were the point spread underdogs. If one were to bet on the Colts, the Colts would have to win by a total of 8 points for the bettor to win.

If one were to bet on the Bears, the Bears would have to win outright or lose by no less than 6 points for the bettor to win. A 7 point victory by the Colts would equal a push or tie. Loading Facebook Twitter Google+ RSS.

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On average, both underdogs and favorites will win about 49 of the time, while the other 2 end up pushing. That’s not to say you can’t have a lot of success betting underdogs. Some NBA handicappers make a lot of money betting mainly all underdogs.

The key is being able to spot when it’s the right time to take a dog, and when you need need to wait for a better situation. I personally play mostly underdogs in all sports. My mind just works in a way where I’m always looking for value, and the value I believe is easier to spot with the underdogs than the favorites.

Here are a few factors to look.

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Spread betting enables you to trade tax-free on the price movements of thousands of financial instruments, including indices, currencies, cryptocurrencies, commodities, shares and treasuries. Spread betting is a tax-efficient, flexible way of trading on the price movements of thousands of global financial instruments. You take a position based on whether you think the price of an instrument will rise or fall, and your profit or loss depends on if the market moves in your chosen direction or not.

Spread betting is a leveraged product, meaning you only need to deposit a percentage of the full value of your trade to open a position.

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Spread is the number of points that one team is getting as an advantage in the game, also known as handicap. Covering the spread is betting on the favorite to win the match by more points than the spread. Beating the spread is exactly the opposite, betting on the underdog to win, or lose by fewer points than the spread. Oakland Raiders Minnesota Vikings +15 + When you bet on Oakland Raiders, they should cover up the 15 points spread win by 16 or more to get your money.

If you prefer the Vikings, they should at least lose by fewer than 1.

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Spread betting is any of various types of wagering on the outcome of an event, where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, which is known as money-line betting.

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Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple win or lose outcome, such as fixed-odds or money-line betting or parimutuel betting. The point spread is essentially a handicap towards the underdog. The wager becomes "Will the favorite win by more than the point spread?" The point spread can be moved to any level to create an equal number of participants on each side of the wager.

This allows a bookmaker to act as a market maker by accepting wagers on both sides of the spread.

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Spread betting is any of various types of wagering on the outcome of an event, where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds or money-line betting or parimutuel betting. A spread is a range of outcomes and the bet is whether the outcome will be above or below the spread. The point spread is essentially a handicap towards the underdog. The wager becomes "Will the favorite win by more than the point spread?" The point spread can be moved to any level to create an equal number of participants on each side of the wager.

This allows a bookmaker to make a market by accepting wagers on both sides of the spread.

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Betting information for online betting on horse and greyhound races at BetAmerica. The PLUS designates the UNDERDOG in the match, or the side which is less likely to win.

Bigger underdogs have larger payouts, but can be riskier plays. NOTE You do not have to wager every time. The American odds system simply shows the ratio of risk reward.

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Spread betting enables you to trade tax-free on the price movements of thousands of financial instruments, including indices, currencies, cryptocurrencies, commodities, shares and treasuries.

Spread betting is a tax-efficient, flexible way of trading on the price movements of thousands of global financial instruments. You take a position based on whether you think the price of an instrument will rise or fall, and your profit or loss depends on if the market moves in your chosen direction or not.

Spread betting is a leveraged product, meaning you only need to deposit a percentage of the full value of your trade to open a position.

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Spread betting is any of various types of wagering on the outcome of an event, where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds or money-line betting or parimutuel betting. A spread is a range of outcomes and the bet is whether the outcome will be above or below the spread.

The point spread is essentially a handicap towards the underdog. The wager becomes "Will the favorite win by more than the point spread?" The point spread can be moved to any level to create an equal number of participants on each side of the wager.

This allows a bookmaker to make a market by accepting wagers on both sides of the spread.

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Spread is the number of points that one team is getting as an advantage in the game, also known as handicap. Covering the spread is betting on the favorite to win the match by more points than the spread. Beating the spread is exactly the opposite, betting on the underdog to win, or lose by fewer points than the spread.

Oakland Raiders Minnesota Vikings +15 + When you bet on Oakland Raiders, they should cover up the 15 points spread win by 16 or more to get your money. If you prefer the Vikings, they should at least lose by fewer than 1.