Point Spread 3 Way Basketball
Who do you like to cover? What’s the spread on the game? These two questions are asked often in sports betting circles.
When you hear them, that means the conversation has turned to the point spread for an upcoming contest. The point spread refers to the line that has been placed on a game by oddsmakers.
It uses that to calculate the past 100 college basketball picks made based on a bettor placing $100 on each game and whether it was or wasn’t profitable. “To Win” indicates any straight-up or moneyline bet that the player wins. “ATS” or “against the spread” is a representation of the record based on wagers placed against the spread. Three-way moneylines and point spreads offer HOME - TIE - VISITOR as choices while game total odds offer OVER - TIE - UNDER options. Unlike two-way wagers, which are graded after a competition is. The three main key numbers in NFL point spread betting are 3, 7 and 10, representing a field goal, a touchdown or a field goal plus a touchdown. The two most common margins of victory are three and seven because of the type of scoring in the NFL. Betting on Basketball Point Spreads. Point spread betting is one of the most popular and simplest forms of basketball bets that you can place. While this is a seemingly basic bet, it is one of the most utilized bets even by professionals. Remember, the complexity of a bet does not equal better odds or bigger payouts. Some professional.
Most commonly used in basketball and football betting, it can help to think of the point spread as the estimated margin of victory. For bettors who place a wager on the spread, this number needs to be factored into their handicapping.
At first glance, point spreads can seem confusing and it may look like there’s no rhyme or reason to the numbers. That’s not the case on either front.
We’ll explain everything you need to know about point spread betting right here. Let’s begin by taking a look at the best places you can place your bets.
What is a Point Spread?
A point spread is a number that bookmakers will place on a game. Handicappers then need to account for the spread when they are breaking down games.
Point spreads are most commonly used in basketball and football, but there are equivalents used for the other major North American sports. In the NHL, it’s referred to as a puck or goal line. For MLB, it’s known as a run line.
In both cases, the standard number used is 1.5. When it comes to basketball or football, there’s no set value for the point spread. It can range from as small as 0.5 points all the way up into double digits.
One way to look at point spreads is as the presumed gap in strength between the two teams. Let’s use a random NFL point spread as an example.
- New York Giants +3.5
- Dallas Cowboys -3.5
In this situation, the Cowboys are 3.5-point favorites. Bettors need to decide if the Cowboys are in fact 3.5 points better than the Giants for this contest, and if they will be able to win the game by this amount.
Naturally, there will be plenty of different perspectives on how the contest will play out. There will be bettors who side with the Cowboys minus the points, and those who like the Giants plus the points.
For Cowboys bettors to be correct, the team would need to win by greater than 3.5 points, such as 24-20. On the Giants side, they need to keep it closer than 3.5 points, as in 21-20.
The side that successfully exceeds the margin is viewed as having ‘covered’ the spread. You’ll come across the term ‘cover’ a lot in your research. It effectively means which side will be the winner from a betting perspective when the spread is factored in.
There will also be odds attached to point spreads. We’ll cover that in more detail in a bit.
How to Bet the Spread?
Since the point spread is most commonly used in basketball and football, we’ll be focusing on those two sports for the remainder of the article. In both sports, the point spread is used on both the Pro and College side.
Let’s walk through some examples for all of the major point spread sports, starting with the NBA. Here’s the line and spread for a fictitious game.
- Milwaukee Bucks +1.5 (-110)
- Toronto Raptors -1.5 (-110)
The Raptors are favored by 1.5 points, indicating a potentially tight game. After doing your research, you decide you like Toronto to win by more than 1.5 points.
As it turns out, the Bucks wind up winning a close one by a score of 100-98. Not only did the Raptors fail to cover the spread, but they lost the game, so your ticket is a loser. If Toronto had come out on top by the same margin, you would have had a winner.
Next, let’s take a look at the spread and betting odds for a random College Basketball game.
- Purdue +.4.5 (-110)
- Michigan State -4.5 (-110)
The Spartans are 4.5 point favorites for this tilt, but you like the way the Boilermakers are playing and think they can keep it close. When the final whistle blows, Michigan State hangs on for a 72-69 win.
The Spartans have won the game, but the margin of victory was lower than the spread. Those who bet on Michigan State minus the points have losing tickets, but bettors on Purdue plus the points such as yourself are winners.
The point spread works the same way when betting on College Football and the NFL. Oddsmakers will designate a favorite and an underdog, and then they’ll add a point spread into the mix.
- Cleveland Browns +6.5 (-110)
- New England Patriots -6.5 (-110)
The Patriots are pretty big favorites for this one. If you bet on them with the spread attached, they’ll have to win the game by seven or more points. For a bet on the Browns with the spread, the team will at least need to keep the margin to six points or under.
The favored status of New England proves to be prescient, as they go on to win by a score of 27-17. The 10-point margin of victory means that they covered the spread, while Cleveland has failed to do so.
For our final example, let’s move over to College Football for an imaginary inter-conference clash.
- Wisconsin +2.5 (-110)
- Texas A&M -2.5 (-110)
While the Badgers are the underdogs for this contest, the game is expected to be tight. Oddsmakers have placed the spread at less than a field goal as a result. When the final whistle blows, the Aggies escape with a 28-27 win.
Underdog Wisconsin has lost, but they kept it close and covered the spread. Bettors on that side have a winning ticket to cash, while those who wagered on Texas A&M minus the points move on to fight another day.
As with all other sports betting concepts, the more you are exposed to point spreads, the easier they become to understand.
Point Spread Odds and Line Moves
After oddsmakers release the spread and odds for a slate of games, the betting market has a chance to weigh in. That can lead to shifts in both cases depending on market action.
Let’s say a spread for an NFL game is released at 3.5 points. A flurry of public money comes in on one side of the coin. Oddsmakers respond by raising the spread up to 4 points.
So why did the spread tick up? In this case, we can interpret it to mean that a good amount of money came in on the favorite minus the points. To make the game more attractive on the underdog side, the sportsbook has added some more incentive in the form of a half-point.
On the odds front, we may see the same thing. Odds of -110 are pretty standard for point spread bets. If a book takes in more action on one side over the other – but not enough to justify moving the spread – then the odds can shift a little.
For example, a majority of the money coming in the favorite could lead odds on that side to change to -115, while odds on the underdog side are adjusted down to -105. This may influence the direction they go and even out the action for the sportsbook a bit, which is the goal they have when adjusting odds.
Odds and spreads can also move when a piece of news drops that could impact the outcome of the game. A major injury, lineup change, or trade are among the scenarios that could have such an impact.
For point spread betting, it’s always a good idea to check out the opening lines and compare them to where they are when you begin handicapping the game. This can alert you to market sentiment on the game, or potentially a piece of news that you may have missed.
How to Handicap Point Spreads
While handicapping for point spreads may seem complex when you’re first starting out, it really doesn’t have to be. It can be as difficult or easy as you make it, and there’s absolutely nothing wrong with keeping it simple.
First things first, there are resources out there – both free and subscription-based – which provide picks against the spread. Some are good, some are average, and others aren’t so great.
If you’re going this route, a good rule of thumb is to find a few trusted resources – three will do the trick – and compare the picks to help form your own consensus. As always, practice due diligence when selecting sources and don’t just blindly trust the words of one as gospel.
For those who would like to do their own handicapping, it’s helpful to start with a simple process and build it out from that point.
First things first, study the lines and odds for the games on the slate. Recognize what the market is telling you, and examine any shifts from open to present time.
Next, consider the overall strength of the teams involved, as well as how much of a difference homefield or home court advantage may make. Oddsmakers have this factored in on their side, but it’s important for you to consider it as well.
One thing that can be very helpful is finding a set of power rankings that you can trust and use regularly. Power rankings rate the teams in the league from top to bottom and attach a number to each squad which represents their overall strength.
You can then compare these two numbers and account for home advantage. The difference will point you to a reasonable point spread, which you can then compare to the actual spread.
Power rankings can be found on subscription-based sports betting sites, but there are also a number of excellent resources on the interwebs which are completely free.
Afterwards, it’s time to examine the teams on a statistical basis. It’s very easy to get lost down the rabbit hole here, so stick to what really moves the needle when beginning, such as points for and against.
For football, you can also check out yards for and against. In basketball, lean towards things that truly impact the game, such as overall shooting percentage and turnover rates.
Once you have a good handle on examining the basic stats, you can add additional factors to provide a more well-rounded picture.
Last but not least, check out recent form for both sides. Teams go through hot and cold streaks, and current momentum can be a solid guide for what’s to come in the near future.
After you have gone through all of these factors, you can go through your own personal checklist to determine which side is better on all fronts. Taking the time to break down all of these factors should lead you to a choice that you feel comfortable with.
As your experience with handicapping point spreads increases, you may decide to add additional variables to the equation. You can make your own personal system as complex or as simple as you would like.
The choice is completely up to you and what works best for your strategy. As always, the bottom line is what type of process will lead you to positive results more often than not.
The Bottom Line on Point Spreads
Point spreads are most commonly used for betting on basketball or football. Oddsmakers will designate a number for each contest, and bettors will then need to factor that into their handicapping.
Bettors can wager on the favorite minus the points, or the underdog plus the points. If you think of the spread like a potential margin of victory, then that means the favorite needs to win by more than the spread, while the underdog needs to keep the game closer than that.
Point Spread 3 Way Basketball Rankings
The standard odds for point spread bets are typically -110, but there will be shifts based on market action or news that develops after lines are released. The spread itself can also shift based on those same factors.
It’s a good idea to track how odds and spreads have moved from the open until the time you are ready to place bets. This can give you a sense of market direction and also help you spot factors you may have missed.
Handicapping point spreads can be confusing at first, but a simple process such as the one outlined in this article can help you get the hang of it quickly. As you move along, you can also personalize the process to better fit your style.
In addition, there are also free and subscription-based resources which provide picks against the spread. If you decide to pursue that path, it’s a good idea to gather multiple sources and attempt to find a consensus.
It doesn't matter if you are a novice bettor just learning the ropes or a professional bettor that's seen everything in their 25 years in the business, at one time or another (more like several times in your life time) you will have to throw away a ticket in which a team failed to cover the point spread by a half point. It is one of the more frustrating losses in the industry, right next to the classic ninth-inning bullpen collapse in baseball. Some would say losing a bet by half a point (AKA ' the hook ') is the bettors' fault, not the actual players or coaches in the game, but I will get to that later in the article. What we want to help you understand is why half points are instituted in the betting industry and how they affect whether or not you win or lose your bet and the price you pay for such a line.
Related: Should I Buy Half Points when Sports Betting?
How Does a Half Point Work?
For starters, when looking at the point spread line for any lined game, 'the hook' is that extra half-point in the line. There is a very big difference between a three-point spread and a spread that is 3.5. That extra half point ensures that there will in fact be a winner and loser in regard to the point spread. This means that the sportsbook will in fact rake in the losing bets and pay out the winning bets with that money, which in turn allows them to turn a profit. If you hear someone say that they 'lost by the hook' or 'lost by a half point' they are referring to a situation where a team didn't cover by the slimmest of margins.
As an example, lets pretend you decide to bet on the New England Patriots, and they are three-point favorites in their game against Minnesota. If the Patriots win by a score of 20-17, the wager would be graded as a push and both sides of the bet would get their money back. That's not something the sportsbooks want.
Most sportsbook would list the spread at -3.5 meaning if you took the Patriots and they won 20-17, you would lose your bet by half a point. If you took the Vikings, you would win your bet by that same half point.
Can You Avoid the Half Point?
It's pretty hard to bet on the point spread and avoid the dreaded half point hook. Linemakers love adding 'the hook' to spreads that fall on the most common outcomes in games. For example, the most common winning margins in football is three, four and seven points. And adding a hook to each of those numbers would ensure both a winning and losing side, with the ultimate goal being balanced action.
When the hook is added, there isn't a significant reaction from the betting public either way. The majority will look at the spread and enjoy the fact that their ticket will either be a winner or a loser. The betting public also fails to shop around at different sportsbooks for the best line they can possibly find. Avoiding the hooks in a game is possible, but only if you are willing to spend a bit more on your bet and buy a half point when the situation calls for it. Buying points is a completely different concept all together, but it's possible to buy a half point and move the spread in your favor.
For example, you can buy a half point (for a premium) from -3 to -2.5 if you like the favorite, or from +3 to +3.5 if you like the underdog. This gives you a better chance to win your bet, but the extra juice you have to pay will burn you if you should lose.
Is Buying a Half Point Worth it?
Depending on who you ask, some bettors will tell you to always buy the hook (either up or down) to avoid tossing your ticket away, while some bettors swear that buying the hook is a waste of your bankroll. We live in a world where sportsbooks offer a plethora of options, and most of them give us the option to buy a half point on the favorite or underdog.
Remember our example from above? If you were to buy a half point on the underdog Vikings and make the spread +3.5 instead of +3, a 20-17 loss would now give you a winning ticket. You wouldn't have wasted three hours of your life to get your money back.
However, if you are prepared to buy the hook, you must be prepared to pay a premium price for the better line. Because of this, the cost of buying the hook can be higher than the long-term cost of betting with the hook on a normal line. You must pick your spots wisely and shop around before committing to this way of betting. I can almost assure you, if you want that 3.5 spread to go down to a three so you that you can bet the favorite, and you look hard enough, you will find it at another book for -110, instead of paying -125 to buy the hook and get it at -3 at your current book.
Understanding Half-Point Betting Math
Depending on who you ask, some bettors will tell you to always buy the hook (either up or down) to avoid tossing your ticket away, while some bettors swear that buying the hook is a waste of your bankroll.
Remember our example from above? If you were to buy a half point on the underdog Vikings and make the spread +3.5 instead of +3, a 20-17 loss would now give you a winning ticket. You wouldn’t have wasted three hours of your life to get your money back.
However, if you are prepared to buy the hook, you must be prepared to pay a premium price for the better line. Because of this, the cost of buying the hook can be higher than the long-term cost of betting with the hook on a normal line. You must pick your spots wisely and shop around before committing to this way of betting.
To help us understand the half-point betting math, we must first determine what the odds, implied probability, and the breakeven threshold is. As I’m sure you know, to breakeven betting on -110 lines (standard point spread lines is 52.38 percent. As the juice increases, so does the breakeven point – a -120 line increases the percentage to wins need to 54.55 percent. This means that turning a profit in a profession that is already hard enough, just got 2.17 percent harder.
The next thing we must understand is the true value of a half-point purchase and that requires two simple things – an NFL push chart that can be found online or created, and basic math skills.
Point Spread 3 Way Basketball
The push chart we are going to use as a basis for this article will tell us the probability of any NFL game played in any season finishing with a difference of one of these numbers.
-1 (2.5%), -2 (2%), -3 (9.8%), -4 (3%), -5 (1.7%), -6 (3.4%), -7 (5.7%)
-8 (2.1%), -9 (0.9%), -10 (4.9%), -11 (2.2%), -12 (0.4%), -13 (1.3%), -14 (4.9%)
As you can see, the favorite wins by three points just 9.8 percent of the time. Now, if you consider the fact that we lose our +2.5 bet and we then push on a -3 outcome, we are going to take half the 9.8 percent probability and add it to the 52.38% implied probability of -110.
In this case, we go from +2.5 to +3 and half of 9.8 percent is 4.9%. We would then add it to the +2.5 -110 implied probability (52.38 percent) to get a new line of +3 with an implied probability of 57.28 percent. Based on a standard odds converter, a 57.28 implied probability would equate to a -134 American line. This tells us that moving from +2.5 (-110) to +3 is worth 24 cents and it has the same expected value. Now, with that said, let me prove to you that buying half points can, in fact, turn into a +EV play.
Point Spread 3 Way Basketball Net At Schools
Let’s pretend we are looking at the line of +9.5 (-110). As we already know, -110 implies a 52.38 percent probability. And as per the push chart above, we know that -10/+10 pushes around 4.9 percent of the time. If we decided to buy two half-points, we would bring the line to +10.5 which would push our implied probability to 57.28 percent (52.38% + 4.9%). If we plug our new probability into an odds converter, we will see that the true line should be -134. However, most betting sites that sell half-points would charge -130 for such a line movement, which means this would be a +EV play. A few other +EV plays would be buying from +9.5 -110 to +10.5 -130 (and the same if you like the favorite) and +13.5 -110 to +14.5 -130.
Point Spread 3 Way Basketball Game Today
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