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What is a Point Spread, Anyway?
A point spread is a handicap on one team. However, this handicap is just for betting purposes. A point spread is assigned in order to ensure that both teams (in a given game) have the same chance of winning. The “equality” derived from the point spread should be thought of solely in terms of sports betting. After all, it’s really there to help people bet more effectively on their chosen teams.
Typically, point spreads in college basketball are created by the best analysts in Las Vegas. These oddsmakers employ a particular formula in order to “handicap” a game. Basically, teams that aren’t as strong (in other words, underdogs) get more points, and teams that are stronger (based on existing statistical data) get points taken away.
So, that is the point spread, in a nutshell. Now let’s look at a hypothetical example that should help to make the concept of the point spread even simpler to understand…
Let’s look at one team, Kent State. Let’s say bookies give this team a point spread of +19. Their opponent, North Carolina, receives a point spread of -19.
Which team is stronger and which team is weaker?
Well, Kent State got more points from the bookies, so it’s not as strong of a contender as North Carolina. The oddsmakers are doling out more points to Kent State in order to even things out. If you decide to bet on the underdog, this team will need to beat North Carolina. In terms of betting, the final score of Kent State (the underdog) will have nineteen points added to it.
Does this make sense? Certain games will have teams which are more evenly matched. In this case, the point spread won’t be so wide.
Some people think that the point spread works to the advantage of bookies alone, while others feel that it’s fair to everyone. Basically, everyone who understands the point spread tends to have an opinion about it.
Therefore, whether or not you choose to bet on a point spread is really up to you. It costs about 11 dollars to make this kind of wager, for every ten bucks that you’re out to win. This formula will be based on traditional betting odds. Bookies typically make ten bucks off of every point spread wager, regardless of the outcome.
At this point, you’re likely more knowledgeable about what a point spread actually is. If you like your odds and you’re ready to participate in a point spread bet, consider utilizing Bodog. This exciting and functional online service will give you the power to deposit funds to a betting account, via your own Visa credit card.
Headline
Betting against the point spread is the most popular form of college basketball wagering.
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