How Does Spread Betting Work? According to Capital.com, “When making your bet, you open a position based on the assumption of the asset’s price future movement: whether it will rise or fall. You do not buy or sell the asset, like a commodity or a share, instead, you make a bet on how the market will move.
A point spread bet is also referred to as betting the spread or handicap betting. Point spread betting is a sports betting market in which a team either has to win by a specific number of points or goals, or not lose by a specific number of points or goals.
How do sports betting spreads work? Sports betting spreads, also referred to as lines, are used to even the odds between two unevenly matched teams. Bookmakers set a spread with the hopes of getting equal action on both sides of a game. For example, the Colts are a -3 point favorite against the Texans. The -3 points is the spread. If you want to bet the Colts on the spread, it would mean the Colts need to win by at least three points for you to win the bet.
The favorite will always be represented by a negative (-) number, while the underdog will always be represented by a positive (+) number. Based on the line above and which team you decide to bet ...
Decimal odds (aka European odds, digital odds, or continental odds) are popular in continental Europe, Australia, New Zealand, and Canada. These are a bit easier to understand and work with.
Let’s delve into how these betting odds work and calculate your potential winnings using the different formats. 1. Fractional Odds. These betting odds are often used in Ireland and the U.K. These odds, often called UK odds, are one of the oldest forms used in horse racing. Fractional odds are shown with a slash or dash to separate the numbers representing the amount of stake and the profit that you can earn.
The odds for a favorite team to win the game are usually listed with a '-' sign, which indicates the amount a better would need to bet to win $100. For the underdogs, the odds are accompanied by a '+' sign. This shows how much a better would win if they staked $100. Let's see this in action.
Here’s how it works: Navigate to your desired sport. Click on the spread you want to bet in the game module (it will be lined up with the team you want to bet). Head to the bet slip on the right side of the page (on your phone, it will pop up automatically). Click “Login to Place Bet” and login, then submit your bet.