You just need to apply a small equation to figure it out. The formulas which you can use is:Ĭalculating your payout is straightforward. It’s simpler to use the American odd figures to calculate the probability of each team winning. Sportsbooks add ‘juice’ to the house edge for them to make an equal profit from both ways. It’s difficult to determine the implied probability of a game by using the point spread only. How to Calculate the Probability and Payout

Your stake and winnings will calculate accordingly using this model. You don’t need to wager €/£/$100 at a time. With this bet, you can earn a €/£/$20 profit from placing a €/£/$100 bet. Betting on the New England patriots is much more favorable for your pocket. Using the odds from the NFL 2020 season would mean to get €/£/$100 from punting on Detroit, you would have to stake €/£/$110. On the other hand, a plus symbol represents how much profit punting €/£/$100 will make. American odds also use a plus and minus sign in front of the value.Ī figure with a minus symbol in front indicates how much money it takes to get back €/£/$100. These are typically displayed in the American odds format and don’t wonder why bookmakers provide different odds as this is common practice. The point spread betting odds refer to the money line figure mentioned previously. After the point spread, you’ll also see the moneyline figures. They must either win outright or lose within the margin. The underdog team will have a plus spread. They have to score by that amount or more to risk your punt less. The team predicted to come out on top will have a minus spread. To understand this further, you’ll need to be aware of the plus and minus signs when viewing the point spread. Point spread betting evens the playing field by giving the favourite team to win and the underdog an equal chance in the eyes of a punter. That’s what makes sports so entertaining after all.

Read on to become a master of the odds.Īs with all sporting teams, there are better ones and others that struggle. In return, this means that the sportsbook can get the edge on more punts placed.īelow you’ll discover everything you need to know about point spread betting. There is no surprise that the bookmakers with high traffic make sure to include it on their platform. It enables you to bet on both teams, rather than going for a straight win. You can find these throughout most sports in some way.īetting on this type of wager is advantageous to both the punter and the bookmaker. Yet, there are many wagers based on the point spread format. Point spreading is most commonly used in globally loved sports, such as football, soccer, and basketball.

How to bet point spread basketball