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Some sports do not use a point spread but rather just stick to a moneyline bet. For example, a team that was a -7 favorite would likely have a moneyline negative as well, say -200. That means, you would have to bet $100 to win $200. Alternatively there is a plus bet.

Second only to moneyline bets, point spread bets are the next most popular type of sports bet that you can make. Whether you are an expert sharp who crushes the books or you’re a brand-new bettor, point spread bets are most likely going to be a big part of your winning betting strategy. In fact, some successful professional bettors exclusively utilize point spread bets to make up their winning strategy.

In this guide, we’re going to walk you through all the details you need to know to understand point spreads, make point spread bets, and hopefully start turning a nice profit with them. We’ll start with some basic information for the novice bettors, including what a point spread bet is, how to make one, how they typically pay out, and the benefits of utilizing this type of bet.

Following that, we’ll get into some basic and advanced strategies of betting point spreads for the more seasoned sports bettors. Regardless of where you fall on the skill scale, you’re hopefully going to get some value from this article.

If you’re brand new to sports betting or it’s been a really long time, we recommend reading the guide from top to bottom, as the sections will build on information from prior sections. If you’re a seasoned bettor looking for a specific piece of information, you can go right ahead and skip down to the section you need or to the bottom of the page to see the point spread betting strategies.

Without further ado, let’s jump into the world of point spread bets.

The Nuts and Bolts of a Point Spread Bet

Before we can talk about how to crush point spread bets, we need to make sure that everyone reading this fully understands exactly what a point spread bet is and how they work. A point spread bet is a wager in which you bet which team is going to outperform their expected performance. The sportsbook will set a line based on how well they think each team will do during the game, and then you choose which team will perform better than that set line.

Since they can’t write “5 or 6,” they decide that they think the Dolphins are going to win by 5.5 points. If they think the Dolphins are going to win by 5.5 points, this obviously means that they think the Jaguars are going to lose by 5.5 points. A team can’t win the game by a different number of points than what the other team loses the game by. That should be common sense, but sometimes basic stuff can be confusing when you’re taking in a lot of new information, so we wanted to clarify.

So, the line for this game would look something like this.

• Miami Dolphins -5.5
• Jacksonville Jaguars +5.5

You’ll notice that one of the teams has a plus sign in front of the point spread line, and the other has a minus sign. The plus sign indicates the team that is the underdog (Jaguars), and the minus sign indicates the team that is the favorite (Dolphins). The number after that, as we’ve already pointed out, is by how many points the sportsbook thinks each team is either a favorite or underdog.

If the game were to go exactly as the sportsbook predicts, the Dolphins would win by 5.5 points. Now, there aren’t half points in NFL football, so it’s either going to be 5 or 6 points. We’ll talk about why they use half points in point spreads here in a minute.

As we stated, to win a point spread bet, you have to bet on the team that outperforms their predicted results. Does that mean the team has to win? Nope! All the team has to do is do better than the predicted line, and you win your bet. This means that a team can lose the game, but you can still win your point spread bet on them. On the other side, a team can win their game, but you can still end up losing your point spread bet.

The Dolphins are expected to win by 5.5 points. So, since they can’t win by half points, if they win the game by 6 or more points, you would win your bet. What happens if they win the game by 5 or fewer points? You would lose your bet because they are underperforming how they were supposed to do. If they lose the game, you obviously will also lose your bet because they are way underperforming.

What about with the Jaguars? Well, they are expected to lose the game by 5.5 points. What happens if they lose the game but by only 5 points? You’d win your bet because they are outperforming what the point spread said they would do. If they lose the game by 5 or fewer points, you will win your bet. If they win the game, you will obviously win your bet because they are way outperforming what was predicted of them by the point spread line.

You may already be seeing the point why, but let’s talk about why half points are often used in point spreads by the sportsbook. The sportsbook will do this to ensure that there is a winning side to the bet. If they made the point spread 6 points or 5 points instead of 5 and a half, there becomes the possibility of a tie. If the line is 6 points, and the Dolphins win by two field goals, then the bet is a tie, and all the money is returned to everyone.

This isn’t that bad for each bettor, but the casino will make $0 off the bet, and they don’t like that. You will see whole number lines when they are necessary, but the sportsbook heavily prefers to use half-point lines for obvious reasons.

That’s all there is to a point spread bet! You bet on which team will outperform their predicted results, and that is it. In the next section, we’re going to talk about how point spread bets are paid out and how to calculate your potential winnings.

Point Spread Movement

Now that you fully understand what it takes to win a point spread bet, let’s talk about how the sportsbook makes money and why that is important. If you recall from our discussion on moneyline bets, the sportsbook will alter the payouts to bring in the desired amount of money they want on each side of the bet. Remember, the sportsbook’s entire goal with any bet is to get the same amount of action on each side of the game, take a small percentage off the top, and make money no matter who wins the game.

If the sportsbook gets $500 bet on the Dolphins and $500 bet on the Jaguars, it doesn’t matter to them who wins. If the Dolphins win, they’ll pay them with the Jaguar bets. If the Jaguars win, they’ll pay them with the best from the Dolphins fans. They then will take a small percentage off the top for their profit for facilitating the bets.

This is the sportsbook’s goal. Obviously, though, bets are not always going to come in evenly on both sides of a game. The sportsbook has to do something to try and encourage and discourage action as they need to in order to try and get the equal action they desire. With moneyline bets, they accomplish this by changing the payouts. If they need more bets on one team, they’ll change the payouts to be higher for that team and lower for the other team. Remember, with moneyline bets, it does not matter by how many points a team wins, just that they win.

With point spread bets, though, they rarely will change the payouts (as you will see in the next section). What they do instead to encourage and discourage action on each side of the bet is to change the point spread. For example, let’s say that all the money is pouring in on the Dolphins, and the sportsbook needs to try and get some more money in on the Jaguars to even things out.

What they will do is shift the point spread. Currently, the Dolphins need to win the game by more than 5.5 points for someone to win that bet. To discourage action, they might change that to 6 or 6.5 points. Now, if the Dolphins win by those two field goals, instead of someone winning this bet, they will now lose.

When they adjust the Dolphins line to -6.5, it at the same time shifts the Jaguars line from +5.5 now to +6.5. This means the Jags can now lose the game by up to 6 points, and you would still win a bet on them. This would hopefully encourage action on that side of the game. If the line shift does not get the desired results, it will shift further until it does. If it gets way too much of a result, then it will shift back the other direction. The sportsbook will continue to do these shifts all the way up until bets close to try and get an even amount of money on each side of the game.

As you may guess, this can create some unique opportunities to get better lines if you can accurately predict the point spread movements. We will talk about that much more in depth in the strategy section of this guide.

Understanding and Calculating Point Spread Payouts

Now that we’ve covered the basics of the point spread bet, let’s talk about the more fun side of things – what you’re going to get paid when you correctly pick a winner. The nice part about spread bets is that most of the time they are going to pay out the exact same regardless of which team you bet on. The reason for this is that the only reason the sportsbook ever moves a line is to get more action on one side of the bet or the other. Since they are already doing this by moving the actual point spread number, there is no need to do it with the payout.

The one exception is when they really don’t want to move a point line, but they still need to try and switch action. We will look at an example of this shortly that will show you what this will look like and when you might expect to see it. Here’s what the point spread bet from earlier might look like in an actual sportsbook.

• 0034 Miami Dolphins -5.5
• 0035 Jacksonville Jaguars +5.5

Sometimes, they will look like this:

• 0034 Miami Dolphins -5.5 (-110)
• 0035 Jacksonville Jaguars +5.5 (-110)

Best Free Betting Prediction Site

The first way that we presented it is like the “shorthand” version of the second way. It’s how you’re going to end up seeing it most of the time. In the second way, you see that both bets are going to pay out at a rate of -110. This is the standard payout for almost all point spread bets. Regardless of which side of the bet you are on, you can expect to be paid out at -110. We will cover the one exception shortly.

So, when you don’t see any payout odds listed, you can safely assume they are going to be -110. If you make a $100 bet at -110, you will get back a profit of $90.91. Notice that you are not getting paid back at even money. What’s going on here? Well, that $9.09 is the sportsbook taking their percentage for their profit.

Remember earlier when we talked about the sportsbook taking $500 in bets on both sides? Let’s imagine that happens, and each side is five separate $100 bets. So, the bets they take in look like this.

• $100 bet on the Jaguars point spread at -110
• $100 bet on the Jaguars point spread at -110
• $100 bet on the Jaguars point spread at -110
• $100 bet on the Jaguars point spread at -110
• $100 bet on the Jaguars point spread at -110
• $100 bet on the Dolphins point spread at -110
• $100 bet on the Dolphins point spread at -110
• $100 bet on the Dolphins point spread at -110
• $100 bet on the Dolphins point spread at -110
• $100 bet on the Dolphins point spread at -110

The sportsbook successfully achieved their goal of getting the same amount of action on both sides of the bet. Let’s see what happens for the sportsbook if the Dolphins win and if the Jaguars win.

As you can see, they will make a profit no matter what. You may also start seeing that winning 50% of your bets will not break you even. You’re going to have to do a little better than that to break even or turn a profit.

The majority of the time you make a point spread bet, you will be paid at this rate of -110. But on rare occasions, the sportsbook will change the payout odds and leave the point spread the same. This happens a lot when they don’t want to put out the possibility of a tie or if they think that the half-point move is going to cause an avalanche of action that would leave them heavily unbalanced the other direction.

For example, in football games, the sportsbook rarely likes to move off a +-2.5 line to +-3. This usually causes that avalanche of action and also puts out the big possibility of a tie and no profit for them. Instead, this is what you might see. Let’s say the Jags and Dolphins game is actually a lot closer, and the current spread is this.

• 0034 Miami Dolphins -2.5 (-110)
• 0035 Jacksonville Jaguars +2.5 (-110)

Let’s say that the sportsbook has an unbalanced number of bets with too much action on the Dolphins. Normally, they’d shift the line to -3, and the problem would fix itself. However, in football, a shift to +-3 usually causes a huge shift in action. So, here’s what you might see instead to encourage action on the Jaguars.

• 0034 Miami Dolphins -2.5 (-120)
• 0035 Jacksonville Jaguars +2.5 (EV)

You can now get the Jaguars at +2.5 at even money. This means that instead of being paid out at -110, you will receive even money for your bet. If you make a $100 bet, you’ll now get $100 in profit back instead of just $90.91. This will sometimes fix the problem. A lot of sharp bettors do see this as a sign that the line will probably move to +3 right before the game. It doesn’t always happen, but sometimes waiting could be smart if you would rather have the +3 instead of the even money at +2.5.

If you don’t like math and just want a pretty close way of determining your payout on a point spread bet, you’re in luck. Just assume you’ll be getting about 90% of what you bet back in profit. So, if you bet $10, you should get about $9 in profit. If you bet $30, you should get about $27 in profit.

The Benefits of Using Point Spread Bets

You may already see the benefits of betting point spreads, but we wanted to take a minute and hammer home some of the reasons that these bets are a great addition to a winning sports betting strategy.

Bet on Teams You Think Are Going to Lose

Without spread bets, if you think a team is going to lose, you aren’t able to intelligently bet on them. If you think that a team is greatly underestimated but is still going to lose, you’re out of luck. But thanks to spread bets, you can bet on teams that you’re confident are still going to lose the game.

First, this is great for entertainment value. Got a favorite team that loses most of their games? Well, now you can bet on them and not be setting money on fire. Second, this is great for profitability. Often, you may have predictions and see trends with teams that aren’t always winning. You might be the master of spotting a team’s problems and analyzing when they’re going to be getting better.

With spread bets, you now have the betting flexibility to jump on these predictions and turn them into money. If you’ve ever been in a bar where someone was cheering for a team that was down by too many points to come back by, you either saw one of the most die-hard fans ever, or you saw someone who was betting the spread.

Easier to Understand Value

When you’re picking winners with moneyline bets, it can be a bit challenging for you to see with the naked eye whether or not the bet has value. If a team is +200 to win, is that enough value for you? If you’re a seasoned sports bettor or you have some complex formulas you use, you can probably tell definitively if that has value or not. But what about for the rest of the people that like to use their gut and feel a bit more?

Point spread bets make this possible. While you may not be able to tell if +200 is a good line, you might be able to tell if +4.5 points is a good line or not. Points are a metric that we all regularly use and understand. This makes quickly seeing value and using our gut to make picks much easier and much more accurate.

Point Spread Betting Strategies

We’ve gotten through all of the basics and more, and now it’s time to talk strategy. Ultimately, it’s going to come down to being able to spot value and pick winners, but there are some tips and tricks that you should keep at the forefront of your mind when making your selections.

Predict and Exploit Line Movement

If you’ve been betting for a long time, you know how much value there is in getting an extra half point or even a full point on a bet. It can literally be the difference between winning and losing. If you haven’t been betting for long, just ask a seasoned sports bettor or anyone in the sportsbook if a half point makes a difference. We guarantee they will have hundreds of stories of bets they lost by only a half point.

What this means for you is that you need to look for any opportunity to get your hands on an extra half point or more. The way you do this is by predicting how the lines are going to move and then deciding if you should bet now, not bet at all, or wait for the line to move more in your favor. Remember, once you make a point spread bet, you are locked into that line.

Start tracking lines and watching them throughout the week leading up to a particular game. Try and see if you can start to see trends or reasons the line moves. Often, the lines will move based on news stories or public opinion. Injuries, suspensions, and weather will also play a big role in the movement of lines. If you happen to see a line move for a reason that you think is not legitimate, you may find yourself a great betting opportunity.

Calculate Your Spread Predictions Before Looking at Lines

One of the best tips we’ve ever heard when it comes to point spread bets is making your own spreads before you look at any of the lines. Take the games that you might be interested in betting and calculate out what you think the spread is supposed to be. Then, take those spreads and compare them against the sportsbook. If you see lines that are equal to or more in your favor, then you’ve found value and should bet.

The problem that a lot of bettors run into is that they let what the sportsbooks have as lines affect their opinions. This can force you to miss value and talk yourself out of something that you see. You can prevent this by hiding the book lines before making your own. Additionally, if a line doesn’t look favorable right away, you’ll know how far you need it to move in your favor to make it a wise bet.

The Public and the Sharps

Regarding line movement, there are a few trends that seem to play out quite often on higher-profile games. The public has a strong tendency to hammer the favorite late in the week right before the game. Keep in mind that “late in the week” refers to the days right before a game. If the game is earlier in the week, this refers to the few days right before.

This means that if you’re looking to bet against the favorite, you might want to wait until late in the week to place your bet. As the bets pour in late on the favorite, the odds will move to try and entice more action on the underdog (the team you want to bet on). Even if it does not move, you should still be able to get the same bet at the same spread. And if for some strange reason it goes the other way, you can just wait and bet on the next game. There are no shortages of betting opportunities, so there’s no need to force bets unless you’re just an action junkie betting for entertainment purposes.

If you happen to see a big line movement early in the week, these are most likely from the sharp bettors who are betting large sums of money. Strategically speaking, this will at least let you know which side of the bet the smart money is on. Sometimes you can still jump on board with them and still get some value, but sometimes the value may be gone by the time they move the line. This will have to be something you decide on a case-by-case basis based on where you think the value starts and stops on a bet.

Double Down on Good Moves

If you recall, we said that you were locked in on a particular point spread once you’ve made your bet. But this doesn’t mean that you aren’t able to place a second bet if the line moves even more in your favor and you are confident in it.

The line opens, and it’s the Dolphins -4. This is a great line for you, and you decide to make the bet. Following this, the public jumps onto a feel-good story about the Jaguars and bets them heavily. The line shifts to -3.5. Now, your original bet is still at -4, but now you potentially have an opportunity to double down on your bet. If you’re confident in the Dolphins and your prediction, you might be smart to make a second bet at the Dolphins -3.5.

If you’re not very confident in the prediction to begin with or prefer a lower-risk approach, you don’t have to double down. You can keep your original bet and call it a day. But if you like your spot, you’re going to like the extra half point even better. The takeaway here is that you don’t have to make the second bet, but the option is there if you want it.

The Wrap-Up

Hopefully, you can now consider yourself an expert on point spread bets. While they’re simple bets in nature, they harness a lot of power when it comes to turning a profit. Professionals all over the world utilize these on a daily basis to crush the books. Now it’s your turn to take what you’ve learned here, blend it with your predictions and research, and start crushing the sportsbooks for yourself. Don’t let the simplicity of these bets fool you. Your earning potential is huge, and point spread bets are definitely a medium to the top of the sports betting industry.

Spread betting can be highly lucrative once you know what you’re doing. A spread bet is a wager in which the payoff changes based on the accuracy of the wager.

The more accurate the bet, the greater the payoff. Likewise, the less accurate the bet, the greater the loss.

Once you have got started with spread betting, you will see that there are a few different sites around. Which site is best for spread betting?

In this review, we will separate the wheat from the chaff and look at the advantages and disadvantages of some of the top spread betting sites available this year.

Spread betting is growing and growing in popularity. It provides bettors with the opportunity to move away from fixed odd outcomes.

It is very important to understand the basics with spread betting, more so than other betting techniques. This is because there is always the potential to lose a lot of money.

Once you have decided spread betting is for you, which site to use is the next question.

Table of Contents

Spreadex Review

Spreadex was founded in 1999 by an ex-City dealer, who was attempting to make spread betting more accessible to the wider public.

They have been very successful since their founding, and have been featured in the Sunday Times PwC Profit Track 100 for three years in a row.

Spreadex offer financial spread betting, sports spread betting, fixed-odds betting and an online casino.

They also run a pitch at Kempton Park Racecourse. At the time of writing, Spreadex employ over one hundred people.

They have a good website that it is easy to use. I like the standard black text on a white background which makes it easy to browse through at a glance.

They have a lot of markets so there is a lot of information in one place, but they manage the space well.

There are many events which you can watch directly on the website as long as you place a bet on the event. This includes tennis, horse racing, football and cricket.

They have an app for ios and android phones, and the website is optimised for mobile use. At the time of writing, you can’t deposit funds on your mobile, only on the full website.

Spreadex has one of the biggest ranges of sports to bet on in the spread betting world. They offer markets on football, cricket, horse racing, tennis, cricket, American football, and others. They also offer bet-in-play markets for most major events.

The in-play betting with Spreadex is one of their best features, and allows you to cash-out early, and set up auto cash-out limits.

Spreadex has an online blog where they pick their top bets of the month and offer valuable insights. It is well worth checking out.

They are regulated by the FCA, and they do require you to jump through a few hoops when making your account.

This is standard when it comes to spread betting due to the potential to lose an amount greater than your stake. It can take a few days for you to pass compliance and be able to place trades.

Spreadex also offer bets on credit. When you open your account, you can apply for credit of up to £2000. This means you can get started without having to deposit funds into your account.

Currently, Spreadex is offering a free iPad or up to £300 cashback in your first 28 days with them. Just place bets on qualifying markets up to £300 in your first 28 days to get yours.

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They also offer occasional ‘spread-free’ bets which are worth taking advantage of. This means that instead of having to buy or sell above or below the spread, you can bet at the midpoint of the spread.

Spreadex has a very successful financial trading side. If you are doing well in sports spread betting, it may be worth checking out the financial side.

This is where Spreadex are ahead of the competition as neither of their main rivals offer this service.

At the time of writing, Spreadex, unfortunately, do not offer a free demo account for practising spread betting before you start with real money.

Sporting Index Review

Sporting Index is the biggest spread betting company currently out there.

They have been around since 1992 and now have over 300 employees. Their website claims that they have a market share of over 70% for sports spread betting.

Sporting Index offer markets on many different sports, politics, events, and online virtual games and casino games.

They do not offer financial spread betting like Spreadex do.

All of the sports markets offered by Sporting Index are as follows: American football, baseball, basketball, boxing, cricket, darts, football, golf, greyhounds, handball, horse racing, ice hockey, motor racing, rugby union, tennis and volleyball.

The specific markets in each sport are also very numerous.

Football is one of their most popular markets, and sub-markets include supremacy, goals, goal times, handicaps, correct score, and even own goal minutes. This is just a handful.

They are well-trusted as they have been around for many years. Users report that payouts are fast and reliable.

The website itself is starting to look a bit dated. Personally, I am not a fan of the white text on a blue background, but that is up to the individual. They also offer a very reliable app for mobile devices so you can bet on the go.

Sporting Index run a spread betting blog that offers tips and tricks.

They also look back at previous events with statistical analysis to help you predict your next result.

You can check out the entire history of results for any particular sport through their Results Centre. This is a big help in looking up past events to help you pick your winners in the future.

The customer service offered by Sporting Index is second to none. You can contact them via live chat, email or telephone. They are also very active on Twitter.

At the time of writing, Sporting Index are offering £100 sign-up bonus.

This means you can sign up and use their free £100 to start betting straight away. You will be covered for your losses up to £100, but remember, if you lose more than this then you are liable to pay!

Sporting Index are also offering another bonus.

If you refer a friend and get them to sign up to Sporting Index, you can earn yourself a nice £100 referral fee. All you need is for them to make an account and settle three bets (with as minimum £5 stake).

Sporting Index have several different deposit options.

These include credit/debit card, bank transfer, and both Neteller and Skrill. Note that credit card deposits have a 1.50% charge. Withdrawals are instant for both Skrill and Neteller but will take 3-5 days for other methods.

You can get yourself a free trial of Sporting Index to try it out for yourself.

This free trial lasts for 14 days and allows you to place practise bets. This can help you see how prices move throughout an event and teach you what to look out for when placing your bets.

SportsSpread Review

SportsSpread is an Ireland-based spread betting company. They have been around since the year 2000, and have been online since 2001.

They offer markets on American football, baseball, golf, football, tennis, cricket, rugby league, rugby union and horse racing.

SportsSpread have a handy Spread School where you can learn all about spread betting and get a few tips from the pros.

They do offer a few markets that the other two big sites don’t. This year they will be offering spreads on the NFL and are advertising that they will have the ‘best spreads’. Time will tell if this is the case.

Being based in Ireland, they also offer markets on Gaelic football which the other two big sites do not offer.

Their website is probably the worst looking out of the three sites reviewed here. It is pretty dated and not particularly user-friendly.

They have a few different promotional offers.

If you sign up for a new account on SportsSpread, they will match your initial bonus up to the value of £1000.

There is a turnover requirement for this bonus and is usually about three times your deposit value added to their top-up.

This means if you deposit £50 they will match it with £50, and you, therefore, must turnover £300.

They also offer a loyalty rebate of up to £1000 each month. You can still claim this rebate even if you win.

SportsSpread are regulated in the Caribbean and are not regulated by the FCA in the UK. This has led to a few horror stories online of people unable to withdraw their winnings.

You can deposit funds online either through debit or credit card, although a fee applies for credit card deposits.

Looking up the company online reveals a pretty bad history.

Around 2013-14 there a lot of stories of people not being able to withdraw their winnings. The company has changed hands since then but there is still a stigma surrounding them.

Other Spread Betting Services

Best Online Betting Sports

There are a handful of other services out there that cater for spread betting. Most of these programs are tipster services that send out their best picks for the day. They usually charge a monthly fee of around £20-30.

These programs will offer odds usually through the two main spread betting sites Spreadex and Sporting Index.

There are mixed reviews of their services available online.

Best Spread Betting Sites For Beginners

Some reviewers had a great trial month, making up a few hundred points. However, there are a fair few reviews out there where the trial lost money, one of which almost entirely lost a £1000 initial bank.

Our advice is always to make your own mind up when it comes to tipsters. While £25 a month isn’t a huge sum, you can pick and choose your stakes and if a selection doesn’t seem quite right to you, it’s best not to place your bet.

Best Spread Betting Sites In The Us

With spread betting, it’s always better to be safe rather than sorry. It might be worth trialling a spread betting tipster yourself to get a handle on which selections they are looking for, and then start to make your picks. It’s your money!

The Results

Sporting Index is the big daddy of the spread betting world. They have excellent market options and their sign-up offer is probably the best in the industry. The website could be a little better looking, but this is down to personal opinion.

For us, Sporting Index is the pick of the bunch, and our number one recommendation for sports spread betting in 2020.

Spreadex is a great service offering good spreads and a great range of markets. They have pretty much any market you could want and have great ease of use. Their website looks good and is easy to navigate.

Their current offer is good value and is easy to make sure you meet the requirements.

SportsSpread comes out at the bottom of the main sports spread betting sites. Their website is clunky and in dire need of updating.

Their offers seem pretty reasonable, but the likelihood of actually receiving them is pretty slim based on user reviews.

While they have made progress over the last few years, all the horror stories are still fresh in the minds of punters, and for that reason, we would suggest to stick with the two big dogs for the time being. Time will tell if SportsSpread becomes a major player in sports spread betting.

Based on our criteria, we would recommend Sporting Index for your spread betting needs.

That said, it is always worth checking out Spreadex as they do sometimes offer better spreads, and the website itself is, in our opinion, superior.