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How to Read the Point Spread Miami -7 vs. Buffalo The better team, called the Favorite, is expected to win the game and must “give” or “lay” points to the weaker team. The favorite is listed with a minus sign and the number of points they are favored by (e.g., Miami -7) In the case of our example, Miami must not only win the game, but they must win by more than 7 points for Buffalo bettors to have a winning ATS result. A Buffalo bettor wins his bet either if: * Buffalo wins the actual game by any amount of points OR * Buffalo loses the game by less than 7 points. *There was also the possibility that the final score could land exactly on the spread number (for example, the Miami winning 28-21 when -7), which is called a “push” or “no action” and a refund is then issued to bettors of both teams. The same game with the same point spread can be considered from the weaker team’s perspective: The Underdog (Buffalo in the case of our example) is not expected to win the game and thus receives or “gets” points given by the stronger team. When a game is stated from the underdog’s perspective the team is listed with a plus sign and the number of points they are underdogs by: Buffalo +7 vs. Miami Keep in mind that Buffalo +7 and Miami -7 is the same point spread on the same game, simply stated differently. The first is from the underdog’s perspective; the later is from the favorite’s. |
How to Read the Money Line In the case of Roger Federer VS. an overmatched opponent, a reasonable money line would require Federer bettors to risk $400 to win $100; while a $100 bet on his opponent would win $360. Here’s how the money line would be listed: Roger Federer -400 / #102 Ranked Opponent +360 Every $400 bet on Federer nets a $100 profit if he wins (plus the return of the $400 risked). If hir opponent pulls off the upset, $100 bet on the underdog would profit $360 (plus the return of the $100 risked). Keep in mind that sportsbooks only make a commission (also known as juice or vigorish ) when the favorite loses. So if Federer were to lose that match, the book pays off $360 to underdog bettors while collecting $400 from favorite bettors, for a $40 profit. If Federer wins as expected, favorite bettors collect $100 while dog bettors lose $100 resulting in zero profit for the bookmaker. The bigger the favorite, the less likely the underdog will win (and the less likely the book will collect their commission). To compensate for making a profit less often, the offshore sportsbook increases the spread between the favorite’s lay price and the underdog’s payoff, making their commission bigger when the longshot underdog does win. When the Edmonton were rolling with Wayne Gretzky it wouldn’t be unusual for a NHL 1st round playoff series to be priced: Oilers -1400 / Overmatched Opponent +900. In such cases the books would collect their commission only the rare times that the underdog won; but when they did that commission would be quite large. |
