Spread
A spread bet (point spread) requires the favored team to win by more than a set number of points, or for the underdog to either win outright or lose by less than that number. Standard odds are -110 on both sides.
Example
When to use it
The dominant market for NFL and NBA betting. Spreads even the field between mismatched teams and produce close-to-50/50 outcomes.
Pros
- Tight pricing (most efficient market)
- Removes the need to pick outright winners on lopsided games
- Largest market depth
Cons
- Lower payouts (typically -110)
- Half-point hooks (e.g., 6.5 vs 7) can swing outcomes
Spread FAQ
What is a "hook" in spread betting?
A hook is a half-point on the spread (e.g., -6.5 instead of -6). Hooks prevent pushes; without a hook, a 6-point win on -6 results in a tie (push) and your stake is returned.
What does "covering the spread" mean?
Covering the spread means the favored team won by more than the spread, OR the underdog lost by less than the spread (or won outright). The team that "covers" wins the spread bet regardless of who won the game itself.
Why are most spreads priced at -110?
-110 is the standard "vig" or "juice"; bookmakers charge $11 to win $10 on both sides, which builds in roughly a 4.5% house edge across the market. Some operators offer reduced juice (-105) on select markets.
Can the spread move after I place a bet?
Yes. The spread you bet locks in for your wager; but the line continues to move based on action. Later bettors get whatever spread is posted at their bet time. This is why timing your bet matters.