What is Point Spread in PBA Sports Betting?
In PBA sports betting, the point spread refers to the same concept as in other types of sports betting. It is the margin of victory or defeat by which the odds makers predict one team will win or lose over the other team. The point spread is set by the sportsbook to balance the betting on both teams and incentivize bettors to wager on both sides. If you bet on the team that is favored to win according to the point spread, you must win by more than the specified margin for your bet to be considered a winner. On the other hand, if you bet on the underdog team, your bet will be a winner if they either win outright or lose by less than the specified point spread.
PBA Point Spread Examples, How it Works
Here is an example of how point spread betting works in PBA sports betting:
Let’s say that in a PBA game between Team A and Team B, the oddsmakers predict that Team A is the stronger team and set a point spread of -7.5, meaning they are favored to win by 7.5 points.
If you bet on Team A, you must win by more than 7.5 points for your bet to be a winner. For instance, if the final score of the game is Team A 100, Team B 92, your bet on Team A would win because they won by 8 points, which is more than the 7.5 point spread.
If you bet on Team B, your bet will be a winner if they either win the game outright or lose by less than 7.5 points. For example, if the final score of the game is Team A 97, Team B 90, your bet on Team B would win because they lost by only 7 points, which is less than the 7.5 point spread.
Point spread betting adds an extra layer of excitement to the outcome of a game and can also even out the odds when one team is stronger than the other.
The spread, in betting terms, refers to the difference between the two teams’ predicted scores or the handicap given to the underdog team. The spread is set by the sportsbook to balance the betting action on both teams and incentivize bettors to wager on both sides. If you bet on the favorite team, they must win by more than the spread for your bet to be a winner. On the other hand, if you bet on the underdog team, they must either win outright or lose by less than the spread for your bet to be a winner. The spread serves as a way to level the playing field and make both sides of the wager more attractive to bettors.
In sports betting, the favorite refers to the team that is predicted to win a particular game, according to the odds set by sportsbooks or oddsmakers. The favorite is usually indicated by a minus sign (-) before the point spread, and bettors who place wagers on the favorite are said to be betting the “minus.” For example, if the odds for a game are set at -7, it means that the favorite is predicted to win by 7 points, and a bettor who places a wager on the favorite will win their bet if the favorite wins by more than 7 points. The favorite is usually the team with the higher probability of winning, but betting on the favorite comes with a lower payout compared to betting on the underdog, who is the team predicted to lose the game.
In sports betting, the underdog refers to the team that is not expected to win a particular game, according to the odds set by sportsbooks or oddsmakers. The underdog is usually indicated by a plus sign (+) before the point spread, and bettors who place wagers on the underdog are said to be betting the “plus.” For example, if the odds for a game are set at +7, it means that the underdog is predicted to lose by 7 points, but a bettor who places a wager on the underdog will win their bet if the underdog either wins the game outright or loses by less than 7 points. The underdog is the team with the lower probability of winning, but betting on the underdog often comes with a higher payout compared to betting on the favorite, who is the team expected to win the game.
How Do I Make a Spread Bet?
Here is the general process for making a spread bet:
Choose a sportsbook: Select a reputable sportsbook that offers spread betting on the sport or league you are interested in. You will need to create an account and deposit funds to start betting.
Review the odds: Check the odds for the games you are interested in and compare the spreads set by different sportsbooks.
Place a bet: Once you have chosen the game and the spread you want to bet on, select the team you want to bet on and the amount you want to wager. Your sportsbook will calculate the potential payout based on the odds.
Wait for the outcome: Wait for the game to be played and the final score to be determined. If the team you bet on wins by more than the spread, your bet will be a winner. If the team loses by more than the spread or the spread is equal to the margin of victory/defeat, your bet will be a loser.
Collect your winnings: If your bet is a winner, the sportsbook will automatically credit your account with your winnings. You can then withdraw your winnings or use them to place additional bets.
It’s important to remember that spread betting carries risk and you can lose more than your initial wager. It’s essential to have a clear understanding of the rules and regulations of spread betting and to only bet what you can afford to lose.
How Are Point Spreads Calculated & Made?
Point spreads are calculated and made by sportsbooks or oddsmakers who specialize in setting betting lines for various sporting events. Here’s a general process of how point spreads are calculated:
Gather information: The oddsmakers will gather information on the two teams playing, including their current performance, past performance, player statistics, injuries, and other relevant factors.
Predict the outcome: Based on the information gathered, the oddsmakers will make predictions on the outcome of the game, including the final score and the margin of victory/defeat.
Set the spread: The oddsmakers will then set the point spread based on their predictions, with the goal of balancing the betting action on both teams and making it as difficult as possible for bettors to pick a winner.
Monitor the betting action: The oddsmakers will continue to monitor the betting action on both teams and make adjustments to the point spread as necessary to maintain balance. This is known as line movement, and it can happen at any time up until the start of the game.
The objective of the oddsmakers is to create a point spread that accurately reflects the difference in strength between the two teams and makes it challenging for bettors to predict the outcome. However, oddsmakers are not always accurate in their predictions, and the point spread can sometimes move significantly based on the betting action and other factors, such as late-breaking news or unexpected events.
WHAT IS ‘COVERING THE SPREAD?’
“Covering the spread” in sports betting refers to a winning bet in which the team a bettor has wagered on wins by more or loses by fewer points than the point spread. The point spread is a number set by the oddsmakers that represents the difference in strength between the two teams playing and is used to even out the betting action on both sides.
For example, if the point spread for a game is set at +7 for the underdog and -7 for the favorite, and a bettor places a wager on the underdog, their bet will be a winner if the underdog either wins the game outright or loses by less than 7 points. On the other hand, a bettor who wagers on the favorite will win their bet if the favorite wins by more than 7 points. In this case, if the final score is 21-14, with the favorite winning, the bettor who wagered on the favorite has covered the spread.
Covering the spread is important for bettors who want to win their wagers and make a profit, and it is the most common way to win a point spread bet. However, covering the spread does not guarantee a win, as other factors, such as the total score and overtime play, can also affect the outcome of the bet.
WHY DO POINT SPREADS CHANGE?
Point spreads can change for a variety of reasons, including:
- Injuries: An injury to a key player can greatly affect a team’s performance and, in turn, the point spread. If a team is expected to perform worse due to an injury, the point spread may change to reflect this.
- Line movement: The odds and point spreads are constantly changing based on the betting action of bettors. If one team receives more bets than the other, the point spread may shift to encourage betting action on the less-popular team.
- Late-breaking news: Information that becomes available close to game time can have a significant impact on the point spread. This can include weather conditions, player suspensions, or other unforeseen events.
- Public perception: Public opinion can also play a role in the changing of point spreads. If a team is receiving a lot of media attention or has a high public following, the point spread may shift to balance the betting action.
- Bookmaker adjustments: Sportsbooks may make adjustments to the point spread based on their own assessments and predictions of the game. They may also make adjustments to maintain their profit margins and reduce their exposure to risk.
These are just a few examples of why point spreads can change. It’s important for bettors to stay informed and monitor the odds and point spreads for the games they are interested in to stay ahead of the curve and make informed wagers.
POINT SPREADS AND LIVE BETS
Point spreads can also be used for live betting, also known as in-game betting. Live betting allows you to place wagers on a sporting event while it’s in progress. Point spreads for live betting may change during the game based on the current score and other factors that could affect the outcome.
For example, if a team is ahead by a large margin, the point spread for that team may increase, making it more difficult for them to cover the spread. Conversely, if a team is losing, the point spread may decrease, making it easier for them to cover the spread.
Live betting with point spreads can provide an added level of excitement and strategy to betting, as you can adjust your wagers based on the current state of the game. However, it’s important to keep in mind that live betting can be fast-paced and decisions must be made quickly, so it’s important to be informed and have a good understanding of the game and the odds.
Whether or not to bet with point spreads is a personal decision that depends on an individual’s betting goals and strategies. Point spreads are a popular way to bet on sporting events, as they provide a way to even out the odds and make the betting more competitive.
Yes, you can use point spread bets in a parlay. A parlay is a single bet that combines multiple wagers into one, with the winnings from each bet rolling over to the next. Point spread bets can be included in a parlay along with other types of bets, such as moneyline bets or over/under bets. However, it’s important to keep in mind that all wagers included in a parlay must win for the bet to be a winner.
There are several reasons why a spread bet may be cancelled:
- Incorrect odds
- Suspended game
- Violation of rules
- Insufficient funds
- Inaccurate information
It’s important to review the terms and conditions of a sportsbook before placing any spread bets to ensure that you understand their policies and procedures.