Colts vs Texans odds, tips and betting trends Week 2

For example, if a spread is (-7.5) points, your team needs to win by eight or more. If you bet on an underdog, they can lose by fewer than the assigned spread or win outright for you to win. For example, if a spread is (+5.5) points, your team can lose by 5 or fewer or win outright.

If the final score lands exactly on the point spread, the bet will be considered a push and your stake will be returned. Aa hook refers to a half-point added to a point spread, usually to eliminate the possibility of a push. A push occurs when the final score of a game lands exactly on the point spread, resulting in neither the favorite nor the underdog covering the spread, and the bettor’s stake being returned. The spread is the betting line or handicap set by oddsmakers to even out the playing field between two teams in a particular game.

Point Spread Betting FAQ

During the day the price of XYZ Plc shares increases by £5/share and the trade is closed successfully at a bid price of £105, with another £5 commission. The individual now has £10,495, earning £480 (before considering taxes). If oddsmakers calculate that there is a very high probability for the favorite to win, then the favorite’s moneyline odds could be more like -200 or even in extreme cases.

Therefore, -2 means that a team must win by more than two points in order to cover the spread. If they win by exactly two points, the bet would push and the stake would be returned with no winnings. One negative of point spreads is that it can be difficult for a team to win by the assigned margin. You can handicap the game well, only to have your team’s quarterback throw a difference between capm and apt late interception for a touchdown that would lower their winning margin, causing you to lose your bet. If you bet on an underdog, they must either win the game outright or lose by a smaller margin than the assigned point spread. So, for example, if I bet on the Philadelphia Eagles (+3.5) and they lose by three or fewer points or win the game outright, I would win my bet.

How does a point spread bet work?

The difference between the buy and sell price is referred to as the spread. The spread-betting broker profits from this spread, and this allows spread bets to be made without commissions, unlike most securities trades. CDFs and spread bets are leveraged derivative products whose values derive from an underlying asset. In these trades, the investor has no ownership of assets in the underlying market.

To bet on a point spread in sports betting, you first need to understand the spread and how it works. The point spread is a number set by the sportsbook that indicates how many points a team is expected to win or lose by. The favorite team will have a negative spread, while the underdog team will have a positive spread.

The great thing is that there are multiple tools that you can employ to manage your risk. For starters, you’ll want to make sure you know the market you’re betting on because it’s never a good idea to go in blind. You’ll also want to make sure you have earnings reports to ensure you know where your wins and losses are. Even though point spreads are used across multiple sports, they’re all read pretty much the same way. For example, football would be goals, basketball would be points, and hockey would be goals. It’ll all depend on the game and if you aren’t sure, you can reach out to the pros handling your money.

• Overall, betting on the point spread can provide a fun and exciting way to engage with sports and potentially make a profit.
• You also need to identify the best sportsbooks, so we have highlighted a few excellent sportsbooks before explaining the key wagers available to you.
• Meanwhile, someone betting on Jacksonville should go to Caesars and take advantage of the nine-point cushion on the underdog.

There is no delivery of physical goods or securities with CFDs, but the contract itself has transferrable value while it is in force. The CFD is thus a tradable security established between a client and the broker, who are exchanging the difference in the initial price of the trade and its value when the trade is unwound or reversed. You can actually close in the bet at any time and take home the profits or limit the losses.

Sports spread betting

Meanwhile, a second hypothetical trader, Paul, wins two spread bets out of five, for a 40% win rate. Structuring your bets with favorable profit levels can be a game-changer. Similarly, bettors will seek to take advantage of the dividend’s ex-date. Assume that one day before the ex-date, the stock price stands at £63. A trader may take a short position of 1,000 shares with a £10 spread bet per point. The next day, when the dividend goes ex, the share price typically falls by the (now-expired) dividend amount of £1, landing around £62.

In this case, the bet captured 200 points, meaning a profit of 200 x £10, or £2,000. CFDs do not have expiration dates containing preset prices but trade like other securities with buy and sell prices. If New York is +2.5, that means they are the underdog and have been spotted or given 2.5 points. If New York pulls off an outright upset, then that is also a winning wager. The two most common margins of victory are three and seven points because of the type of scoring in the NFL.

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In return for the additional points, the payout if the gambler wins is less than even money, or the gambler must wager on more than one event and both events must win. At some establishments, the “reverse teaser” also exists, which alters the spread against the gambler, who gets paid at more than evens if the bet wins. You can also bet on the total goals in a soccer match, the total games in a tennis match, the total rounds in a fight and so on. It allows the sportsbook to make a margin on either selection, but some take a smaller margin by offering -105 sports betting lines. However, while spread bettors do not pay commissions, they may suffer from the bid-offer spread, which may be substantially wider than the spread in other markets. Keep in mind also that the bettor has to overcome the spread just to break even on a trade.

The early NFL betting lines are often set by industry leading sportsbooks, while many wait for the Vegas lines to be published and follow suit. If the vast majority of bettors placed their spread betting wagers on the Jets +13.5, you might see the line drop to 11.5 points. Both CFDs and spread bets are subject to dividend payouts assuming a long position contract. When profits are realized for CFD trades, the investor is subject to capital gains tax while spread betting profits are usually tax-free.

For example, if I took the Raiders (+10) against the Chiefs, I would still win my bet if they lost by nine points or fewer. Point spreads allow bettors some options when deciding on who to take in a particular game. CFDs are always settled in cash and there is never a physical delivery of the underlying instrument. Another limitation in spread betting is that the bid/ask spreads in spread betting are decided by the spread betting company.

Researching the Playing Field and Teams Involved

Senior quarterback Spencer Rattler got into a rhythm last week, completing 25-of-27 passes for 345 yards and three touchdowns in a blowout win over Furman. He threw for 353 yards against North Carolina in Week 1, giving South Carolina enough firepower to keep this game close. Georgia is off to a slow start in 2023, failing to cover the spread against UT Martin and Ball State. For years Vegas-based Marshall was synonymous with The Gold Sheet, the famed sports betting newsletter. With a background in play-by-play work and sports information while in college, Marshall joined TGS in 1981 when hired by the legendary Mort Olshan and served as executive editor for many years. He now supplies his unique and colorful brand of football and basketball analysis to SportsLine members.

It’s actually really easy to read spread bets once you know what you’re doing. The minus means that Team A is the projected favorite and the plus means that Team B is the underdog. With Team A, they’ll have to win by 7 or more points for you to win your bet and Team B will need to win or lose by less than 7 for you to win your bet. If Team A doesn’t win by 7 and Team B either doesn’t win or loses by more than 7, then you won’t make anything. The use of leverage works both ways, of course, and herein lies the danger of spread betting.

It is promoted as a tax-free, commission-free activity that allows investors to profit from either bull or bear markets. Spread betting refers to speculating on the direction of a financial market without actually owning the underlying security. A spread betting company quotes two prices, the bid and ask price (also called the spread), and investors bet whether the price of the underlying security will be lower than the bid or higher than the ask. In both CFDs and spread bets, a stop-loss order can be placed prior to contract initiation. A stop loss is a predetermined price that automatically closes the contract when the price is met. To ensure providers close contracts, some CFD providers and spread betting companies offer guaranteed stop-loss orders at a premium price.

A Stock Market Trade Versus a Spread Bet

They are assigned a point spread with a minus symbol (-) in front of the number, such as Pittsburgh Steelers (-6.5). If you were to bet on the Steelers to cover the spread in this instance, Pittsburgh would need to win by seven or more points for you to win your bet. In these types of games, favorites are given spreads between 1-3 goals. This means that they need to win by more than that spread for you to win your bet. Always pay attention to line movement and monitor point spreads on multiple sportsbooks to get the best bang for your buck, as this will help put you in the best position to succeed as a point spread bettor. Spread bettors will also be subject to financing charges (also called holding or funding charges) if they hold their positions overnight.

• Many factors can influence a change in the spread such as injuries, the number of bets coming in for either team or the weather, to name a few.
• With spread bets, the plus means the underdog will be getting the points, and the negative means that the favorite is giving up that amount of points.
• In simple terms, a point spread is a bet on how much the favorite team will win by.
• While there is no direct ownership of the asset, a provider and spread betting company will pay dividends if the underlying asset does as well.
• In that example, if one leg loses, then you lose the whole $22, but if you placed the two $11 bets separately, you would break roughly even.

They’re more popular in the NFL and NBA but the MLB and NHL have their own spread bets. There’s no fun (or profit) in betting on a -800 favorite, but there’s fun, and more importantly profit, in betting on the favorite to win by a certain amount of points. In both cases, the spread is almost always -1.5 for the favorite and +1.5 for the underdog, but the betting odds fluctuate a lot more than in NBA or NFL point spreads because the spread doesn’t usually change. Conversely, Detroit is a 6.5-point underdog, which means to win the bet the Lions would need to win outright or not lose the game by more than six points.

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Successful bettors keep a close watch on particular companies’ annual general meetings (AGM) to try and get the jump on any potential dividend announcements, or other critical corporate news. A favorite against the spread is a team that is favored to win the game by a certain number of points. Betting against the spread means that a bettor is not only wagering on a team to win, but also to cover the spread. Spreads are frequently, though not always, specified in half-point fractions to eliminate the possibility of a tie, known as a push. In the event of a push, the game is considered no action, and no money is won or lost. Sports books are generally permitted to state “ties win” or “ties lose” to avoid the necessity of refunding every bet.

When trading contracts for difference, you are betting on whether the value of an underlying asset is going to rise or fall in the future. Popular in the United Kingdom, contracts for difference (CFDs) and spread betting are leveraged products fundamental to the equity, forex, and index markets. CFDs trades made in derivative instruments are cash-settled and there is no exchange of physical goods. Spread betting involves speculation on the price movement of securities without taking any position in the security. There are important differences between spread betting margin calls and typical equity margin calls. While the losses from an individual trade can exceed the initial margin amount, the maximum loss is limited to the value of the account.

Spread betting accounts will also have a pre-specified margin closeout level—if the equity value of the account falls below that level, the broker will automatically start closing out open positions. There is a regulatory closeout requirement at 50%, but companies can have higher minimums if they choose. The cost of a GSLO is usually expressed as a multiple of the stake or a percentage of the notional trade value. https://1investing.in/ With financial spread betting, participants never own (and never can own) the underlying financial instrument. If you wanted to bet on the 76ers to win the game (a moneyline bet), you would need to wager $130 to win $100. However, if you were confident that the 76ers not only would win the game, but would also cover the spread (win by more than 5 points), then you would only need to risk $110 to win $100.

However, this also means any losses cannot be offset against future earnings for tax calculations. First, participants must pay the entry spread, buying at the ask price and selling at the bid price. If shares of XYZ Plc are trading at a bid/ask spread of £100/£100.10, a spread bettor would buy at £100.10 and would immediately have a £0.10/loss if they then closed the position (selling at the £100 bid). It’s important to note, though, that the spread a spread bettor pays is set by the spread betting company will usually be different (worse) than the spread in the actual underlying market.

There are definite advantages to spread betting for some individuals, but many of these advantages carry “fine print” that participants must consider. Most brokers now offer guaranteed stop loss orders (or GSLOs) in addition to regular stop loss orders. The would-be bettor decides what security they wish to bet on from among those offered by a spread betting company. If the Pirates win the game or lose by 1 run, then bets on Pirates +1.5 would be paid out. American sportsbooks display odds based on a $100 wager with a plus (+) or minus (-) to denote whether the payout will be at better than even money (for a +) or less than even money (for a -). For example, take when a stock declares a dividend and the dividend subsequently goes ex (meaning to expire on the declared ex-date).