If you have spent any time at all using online betting sites, you might have noticed the various types of bets like the point spread bet. This particular type of bet is not always easy to understand if you only look at the odds and bets to be made. However, when it is explained in a straightforward way, anyone can understand what it means, why it’s useful, and how to use this type of bet.
Below are a few answers to some of the most common questions about point spread betting.
WHEN IS IT USED?
Point spread bets are most often used during sporting events that can have a point-based outcome. That includes anything from NFL to hockey or even water polo. As long as the sport can have different outcomes based on the final score, it can have a point spread bet. This excludes sports like boxing where there are only two possible outcomes and no points.
HOW DOES IT WORK?
A point spread bet states that the team you are betting on has to win by a certain point margin in order for you to win the bet. This means that even if your team wins by 2-1, if you placed a point spread bet for a result of 3-1 you will still lose the bet.
WHICH BETTING SITES USE THIS METHOD?
Most sports betting sites use the point spread betting method as well as other types of sports bets.
WHY IS IT USED?
A point spread bet can help to change the odds of a certain outcome happening. Rather than settling for the odds as they are, especially if one team is highly favored to win a certain game, you can get higher or lower odds by placing a point spread bet instead.