NFL betting serves an important role in the sports betting industry. With American football being the most popular sports to watch and bet on and Bitcoin growing to become one of the preferred payment mediums, it’s not unusual that more fans are now interested in online betting. Sportsbooks, on the other hand, now see NFL betting with bitcoins as the bread and butter of the industry thanks to its unique benefits.
Since betting requires keen eyes to look at oddboards containing the point spread, more and more people now seek a reliable NFL betting guide to help them with their journey. Among the plethora of betting opportunities available in American football betting, we take a closer look at point spread bets, its functions, and how you can benefit from it.
WHAT IS A POINT SPREAD BET?
Point spread betting is a term you may often hear in the world of sports betting. It is frequently used by sportsbooks to even the game out. When you use this method, you are bravely betting against the spread (ATS) and who will win the game while the favored team is handicapped by a certain number of points. Additionally, it presents the estimated number of points where a stronger team (favorites) are expected to defeat the weaker team (underdogs). The underdog usually gets a certain number of points ahead of the game to balance the competition.
HOW IT WORKS
The favored team or “the chalk” (in betting slang) is highlighted with a minus (-) sign, while the underdog is presented with a plus (+) sign. As the game progresses, the favorites are expected to provide bettors the right number of points to generate enough interest to rally with them all throughout the game. Meanwhile, the underdogs should surpass expectations so that more punters try their luck by betting on them. As you can see, the main purpose of point spread is to make betting on either side equally attractive.
The odds sportsbooks attach to the point spread represents your probable payout and the odds are numerically represented in a 50:50 ratio to level the game. Meanwhile, the middle number or “the hook” representing the point spread is 0.5. If one team has a handicap of -2 goals and then won the game by 2 goals, it is draw. But if the goal is 2.5, there can be no draw due to the 0.5 hook.