For bettors using American sportsbooks, you’ve probably encountered Point spread betting. It’s an exciting type of bet that balances the playing field for everyone involved—the teams, the bettors, and the bookmaker. It produces an even and unbiased game that is nothing compared to a predictable game, especially when it involves a higher amount of payout. Given that, let us learn this exotic type of bet in our NHL betting guide to point spread markets.
The different odds given for the underdog and the favored team will be used in point spread betting. If you bet on the favored team, they should win by more than a certain number of goals. If you bet on the underdog, they should win the game outright or only concede by a specific amount of goals for you to get the win. It will look like you’re betting on each team to meet a certain expectation.
The favored team or “chalk” comes with a negative (-) value, while the underdog is associated with a positive (+) value so that the odds are balanced and the sportsbook has a margin, generating interest in both of them. In this scenario, betting on the favorite team gives off smaller payout and betting on the underdog pays off a larger payout. The team you will place your bet on should follow, exceed, or meet the given margin. You must carefully study the performances of both teams, especially when the underdog is playing well despite the low odds.
Since we are talking about a leveled and even playing field here, point spread makes use of a hook to eliminate the chance of a breakeven scenario happening. The hook, more often than not, is half a number of goal (0.5). If a team is handicapped by -1 goal and they won the game by 1 goal, there would be no definite win. The hook makes it 1.5, securing a result between 0 to 2.
The odds for both the favored team and the underdog has an equal ratio of 50:50. There is an unbiased chance for the favored team to meet the margin or not, and for the underdog to possibly win the game outright or to also meet the margin.