Point Spread Explained: What Does Spread in Sports Betting Mean?

A point spread allows the oddsmakers to provide a small margin of error to even the odds between two teams. Online sportsbooks project the margin of victory of the winning team, and you place your bet on whether you think that margin will be higher or lower than their projections.

The spread will signify the number of points between either team's scores.

Oddsmakers will develop odds based on thorough statistical analysis and choose favored and underdog teams. Favored teams are signaled with a negative number, while underdog teams are listed with a positive number.

These two outcomes have different meanings depending on your research and which team you have decided to bet on:

1. The negative number signifies how many points the favored team has to win the game for a bet to pay out.
2. The positive number signifies that the underdog team must either 1) win or 2) lose by less than that amount to pay out.

This will give the underdog a slight advantage. Where you may not find value in betting on an underdog on the moneyline, you can find some value here with point spreads.

We have the basics of a point spread wager down; now, let’s look at the odds associated with your wager. If you’re familiar with moneylines, you will understand how the odds work, but we can briefly go over this again.

The odds associated with these teams will show the likelihood of that team winning the game.

Again, the minus-sign sign symbol will show that the team will likely win. The bigger the negative number, the more likely that team is to win.

The plus-sign symbol again shows the underdog team. The bigger the positive number, the less likely the team will win.

American odds are most prevalent in North America.

When you look at the point spreads for a game, you will see the number represented in either the plus or minus, and then the American odds—most likely somewhere around -105 or -110, but sometimes you may see upwards of 20 points on either side—will be next to them in brackets. 

Point spread odds aren’t in the same ranges you would see with moneylines, as huge underdogs exist. A margin of error is associated with point spreads, so oddsmakers don’t tend to be too risky with this betting type.

American odds show you your potential winnings on a $100 wager if you’re betting on underdog odds. If you bet on a +7.5-point spread with odds of odds +105, you would win $105 on a winning $100 wager. 

The favored team’s odds will show us how much we need to wager to win $100. For example, if the -7.5 point spread had (-115) odds, you would need to wager $115 to profit $100.

It’s that simple.

If you’re more accustomed to decimal odds, we also have you covered. The decimal format is also used in North America but is more prevalent as a standard odds format in Europe. 

The decimal odds are very simple and show you what you could win for each dollar you bet. All you need to do is take the decimal odds that are listed by the team you want to bet on and multiply your stake by those odds, subtracting your $1 from your odds).

To convert positive American odds to decimal odds, divide the odds by 100 and add 1.

Our +105 underdog odds above on an $80 wager would work out to 2.05. All we would need to do is multiply 2.05 by 80 to get $164 in profit. You would receive $244 back on a winning bet.

To convert negative American odds to decimal odds, divide 100 by the odds and add 1.

Our favored team’s -115 odds translate to 1.87 in decimal odds. If we were to place an $80 wager on them, we would take away our initial $1 to make the odds .87:

80 multiplied by 0.87 is $69.60, and then you would also receive your $80 back for a total of $149.60 in winnings.

Last but not least, fractional odds give you the opportunity to put those grade school math skills to the test. When using fractional odds for point spreads, you follow the same rules as the other formats. You will multiply your stake by the numerator and then divide that by the denominator.

The -115 odds above for our 7.5-point favorite translate to 87/100 in fractional odds. If we were to bet $50, we would multiply 50 by 87 to get 4,350, then divide that by 100 for $43.50 in winnings. On top of your initial $50 stake, that's a $93.50 payout.

The underdogs, on the other hand, would have fractional odds of 21/20. This would mean we would multiply $50 by 21 to get 1,050, then divide that by 20 to get $52.50 in winnings. Add this to your initial $50 to more than double your money.

Point spreads can be displayed differently or look differently depending on which sport you are betting on. Sometimes, point spreads even have different names in different sports.

We want to show you real examples of point spreads in each professional sport so you can know what this should look like.

Now that you know how point spread bets work and how to read the odds, you can start preparing your betting strategy. Finding new betting sites or, if you prefer to bet on the go, sports betting apps for point spread betting is the best starting point if you’re new to sports betting. This should be your top priority

Our reviews provide an in-depth look at the most important criteria that sports bettors of all skill levels look for, including deposit options, bonus information, sign-up processes, security, app compatibility, and more.

Finding a sportsbook that suits your needs is important, and ensuring the sportsbook has great point-spread odds is even more important!