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CovemsParticipantPhil Vassar
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By Ray Billingsley
[img]http://safr.kingfeatures.com/idn/ck3/content.php?file=aHR0cDovL3NhZnIua2luZ2ZlYXR1cmVzLmNvbS9DdXJ0aXMvMjAxNC8xMS9DdXJ0aXMuMjAxNDExMjdfNzYwLmdpZg==[/img]CovemsParticipantJimmy Buffett
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… a brief explaination of point spreads.How the Point Spread Works:
When two teams meet on the playing field, one team is typically better than the other. If all sports gamblers had to do was to pick the winning team in a game, everybody would simply wager on the best team and collect their money.
Using an example from Week 2 of the 2007 NFL season, the Atlanta Falcons were visiting the Jacksonville Jaguars. There was little doubt Jacksonville was the better of the two teams and if all one had to do was to pick the winning team, nearly every bettor would have taken the Jaguars.
What the sportsbooks and bookies did, however, was to create a point spread, to make both teams equally attractive in the eyes of bettors.
In this case, Jacksonville was installed as a 10 point favorite, which is commonly written as Jacksonville -10. Atlanta, the underdog, is commonly written as Atlanta +10.
If you bet the favorite, Jacksonville, the Jaguars have to win by 11 points or more in order for you to win your bet. Remember, the Jaguars are favored by 10 points, so we subtract 10 points from their final score for betting purposes. If Jacksonville were to win 24-13, Jaguar bettors would win their wager. If the Jaguars were to win 23-14, Jacksonville bettors would lose because they did not win by more than 10 points.
If you bet the underdog, the Atlanta Falcons, you win your bet if the Falcons win the game or if they lose by 9 points or less. Because the Falcons are the underdogs, we add 10 points to their final score for betting purposes.
If the Jaguars were to win the game by exactly 10 points, 24-14, it would be a tie or a push and all wagers are refunded to bettors.
Jacksonville did defeat Atlanta as expected, but the Jaguars failed to cover the point spread when they won by a score of 13-7.
Source: sportsgambling.about.com
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