As a bookie, you need to have an extensive background on sports and sports betting. You do not need years of study, nor will you need to take a course to learn about sportsbook management. There are a lot of resources where you can learn, such as this bookie pay per head blog. You can also learn by studying sports betting trends, keeping track of sports news, and reading up on the industry. Today, we will help you understand one of the basic sports betting terms that is important to bookies. Here, we’ll give you an easy-to-understand explanation of what is the spread in sports betting.
In sports betting, the spread refers to a point spread or a handicap assigned to a particular team or athlete in order to level the playing field. This will help create a more balanced betting market. The spread is used to encourage betting on both sides of a game, ensuring that the sportsbook receives action on both the favorite and the underdog. The closer you get to a balance between betting on both sides, the less risk you have in losing money in your sportsbook.
What is The Spread: Understanding the Odds
When you see a spread listed for any betting event, it typically looks something like this:
Team A -7.5
Team B +7.5
In this example, Team A is the favorite, and Team B is the underdog. The “-7.5” next to Team A means they are the favorite to win by 7.5 points. Meaning, if you place a bet on Team A, they will need to win by more than 7.5 points for your bet to be successful. On the other hand, if you bet on Team B, they can either win the game or lose by less than 7.5 points for a bet to win. The purpose of the spread is to create a situation where there is roughly a 50% chance of either side winning the bet. Your sportsbook pay per head software will take care of the betting lines, which makes your job as a bookie easier.
It’s important for you to remember that the actual point spread can vary depending on the sportsbook, the popularity of the event, and other factors. Additionally, different sports may use alternative methods to present spreads, such as goal spreads in soccer or run spreads in baseball. You’ll be able to see it easily in your bookie software. Furthermore, the lines on the spread can also change up until betting closes. We’ll talk about what causes line movement in future tutorials.