That was all before Charles McNeil, a math teacher from Chicago, invented the concept of the point spread. An avid gambler, McNeil created what he called “wholesaling odds” and started his own bookmaking operation in the 1940s. He started out offering this new style of betting on football, but his business model grew to include basketball.  McNeil changed the way sports betting was done, and his legacy lives on today in what we now call the point spread.

The most common NFL spreads are usually set between about 2.5-10.5 points, but you will also almost always have games each week with spreads lower than 2.5 and higher than 10.5. In the event that the oddsmakers feel the game doesn’t need a spread, it would be set at 0 or what some call a pick’em (both teams are given even odds to win for this type of bet).


In the UK and some other European countries the profit from spread betting is free from tax. The UK and some other European countries tax authorities designate financial spread betting as gambling and not investing, meaning it is free from capital gains tax and stamp tax, despite the fact that its regulated as a financial product by the Financial Conduct Authority in the UK. Most traders are also not liable for income tax unless they rely solely on their profits from financial spread betting to support themselves. The popularity of financial spread betting in the UK and some other European countries, compared to trading other speculative financial instruments such as CFDs and futures is partly due to this tax advantage. However, this also means any losses cannot be offset against future earnings for tax calculations.
Jeff Gordon has been reporting and writing since 1977. His most recent work has appeared on websites such as eHow, GolfLink, Ask Men, Open Sports, Fox Sports and MSN. He has previously written for publications such as "The Sporting News" and "The Hockey News." He graduated from the University of Missouri-Columbia School of Journalism in 1979 with a bachelor's degree.
As an illustration, let's look at Super Bowl futures. Sports books list each NFL team with corresponding odds to win the Super Bowl. For example, the Ravens may be 5-1, the Redskins 12-1, the Cardinals 100-1, etc. If you place $10 on the Redskins and they go on to win the Super Bowl, you collect $120 plus your $10 back for a total payoff of $130. It does not matter whether your team covers the point spread in the Super Bowl. For the purposes of future book betting, the team has to win only the Super Bowl.
If you aspire to become an avid bettor and are serious about learning the trade, the first thing I recommend doing is to come up with several angles and legitimate reasons why betting on a specific team is going to make you money. I understand that angles and reasoning can only take you so far before what happens on the court or field is out of your control but playing the angles is a key part of sports betting that isn't going away any time soon. One of the better angles I look to play is a bet called the First Half Bet. Read More >>
!function(e){function n(t){if(r[t])return r[t].exports;var i=r[t]={i:t,l:!1,exports:{}};return e[t].call(i.exports,i,i.exports,n),i.l=!0,i.exports}var t=window.webpackJsonp;window.webpackJsonp=function(n,r,o){for(var u,s,a=0,l=[];a1)for(var t=1;td)return!1;if(p>f)return!1;var e=window.require.hasModule("shared/browser")&&window.require("shared/browser");return!e||!e.opera}function s(){var e="";return"quora.com"==window.Q.subdomainSuffix&&(e+=[window.location.protocol,"//log.quora.com"].join("")),e+="/ajax/log_errors_3RD_PARTY_POST"}function a(){var e=o(h);h=[],0!==e.length&&c(s(),{revision:window.Q.revision,errors:JSON.stringify(e)})}var l=t("./third_party/tracekit.js"),c=t("./shared/basicrpc.js").rpc;l.remoteFetching=!1,l.collectWindowErrors=!0,l.report.subscribe(r);var f=10,d=window.Q&&window.Q.errorSamplingRate||1,h=[],p=0,m=i(a,1e3),w=window.console&&!(window.NODE_JS&&window.UNIT_TEST);n.report=function(e){try{w&&console.error(e.stack||e),l.report(e)}catch(e){}};var y=function(e,n,t){r({name:n,message:t,source:e,stack:l.computeStackTrace.ofCaller().stack||[]}),w&&console.error(t)};n.logJsError=y.bind(null,"js"),n.logMobileJsError=y.bind(null,"mobile_js")},"./shared/globals.js":function(e,n,t){var r=t("./shared/links.js");(window.Q=window.Q||{}).openUrl=function(e,n){var t=e.href;return r.linkClicked(t,n),window.open(t).opener=null,!1}},"./shared/links.js":function(e,n){var t=[];n.onLinkClick=function(e){t.push(e)},n.linkClicked=function(e,n){for(var r=0;r>>0;if("function"!=typeof e)throw new TypeError;for(arguments.length>1&&(t=n),r=0;r>>0,r=arguments.length>=2?arguments[1]:void 0,i=0;i>>0;if(0===i)return-1;var o=+n||0;if(Math.abs(o)===Infinity&&(o=0),o>=i)return-1;for(t=Math.max(o>=0?o:i-Math.abs(o),0);t>>0;if("function"!=typeof e)throw new TypeError(e+" is not a function");for(arguments.length>1&&(t=n),r=0;r>>0;if("function"!=typeof e)throw new TypeError(e+" is not a function");for(arguments.length>1&&(t=n),r=new Array(u),i=0;i>>0;if("function"!=typeof e)throw new TypeError;for(var r=[],i=arguments.length>=2?arguments[1]:void 0,o=0;o>>0,i=0;if(2==arguments.length)n=arguments[1];else{for(;i=r)throw new TypeError("Reduce of empty array with no initial value");n=t[i++]}for(;i>>0;if(0===i)return-1;for(n=i-1,arguments.length>1&&(n=Number(arguments[1]),n!=n?n=0:0!==n&&n!=1/0&&n!=-1/0&&(n=(n>0||-1)*Math.floor(Math.abs(n)))),t=n>=0?Math.min(n,i-1):i-Math.abs(n);t>=0;t--)if(t in r&&r[t]===e)return t;return-1};t(Array.prototype,"lastIndexOf",c)}if(!Array.prototype.includes){var f=function(e){"use strict";if(null==this)throw new TypeError("Array.prototype.includes called on null or undefined");var n=Object(this),t=parseInt(n.length,10)||0;if(0===t)return!1;var r,i=parseInt(arguments[1],10)||0;i>=0?r=i:(r=t+i)<0&&(r=0);for(var o;r
The bookmaker functions as a market maker for sports wagers, most of which have a binary outcome: a team either wins or loses. The bookmaker accepts both wagers, and maintains a spread (the vigorish) which will ensure a profit regardless of the outcome of the wager. The Federal Wire Act of 1961 was an attempt by the US government to prevent illegal bookmaking.[2] However, this Act does not apply to other types of online gambling.[3] The Supreme Court has not ruled on the meaning of the Federal Wire Act as it pertains to online gambling.
There are very few periods of time throughout the year when there isn't a game or event that is garnering national media attention and bettors are clamoring to lay down a wager. Off the top of my head, the only period I can think of is during the MLB All-Star break, where it's slim pickings to lay down a wager. Sure, the Home Run Derby and All-Star game are closely watched and people do bet on them, but it's done more so to have a little action on the game to make it semi-watchable. However, the rest of the year is littered with massive, high-stakes, high-drama type events. These are what the industry called "hot games" Read More >>
When you see a moneyline value associated with the point spread, it is the percentage amount you must pay in order to book the bet. Also known as the juice or vig, if you see -11.5 (-115), it means you have to bet $115 to win $100 — a 15 percent commission for the sportsbook. The underdog may see a value such as +11.5 (+105), which means you’ll have to bet $100 to win $105 if your team successfully covers the spread.

Certainly, there is a possibility that other tribes in New Mexico will attempt to take advantage of the broad language of their compacts to offer sports betting, but they may be waiting to see how the launch at the Santa Ana goes. Walker of USBookmaking said “we’re in active negotiations in New Mexico,” as well as looking at potential opportunities elsewhere.
(function(){"use strict";function u(e){return"function"==typeof e||"object"==typeof e&&null!==e}function s(e){return"function"==typeof e}function a(e){X=e}function l(e){G=e}function c(){return function(){r.nextTick(p)}}function f(){var e=0,n=new ne(p),t=document.createTextNode("");return n.observe(t,{characterData:!0}),function(){t.data=e=++e%2}}function d(){var e=new MessageChannel;return e.port1.onmessage=p,function(){e.port2.postMessage(0)}}function h(){return function(){setTimeout(p,1)}}function p(){for(var e=0;et.length)&&(n=t.length),n-=e.length;var r=t.indexOf(e,n);return-1!==r&&r===n}),String.prototype.startsWith||(String.prototype.startsWith=function(e,n){return n=n||0,this.substr(n,e.length)===e}),String.prototype.trim||(String.prototype.trim=function(){return this.replace(/^[\s\uFEFF\xA0]+|[\s\uFEFF\xA0]+$/g,"")}),String.prototype.includes||(String.prototype.includes=function(e,n){"use strict";return"number"!=typeof n&&(n=0),!(n+e.length>this.length)&&-1!==this.indexOf(e,n)})},"./shared/require-global.js":function(e,n,t){e.exports=t("./shared/require-shim.js")},"./shared/require-shim.js":function(e,n,t){var r=t("./shared/errors.js"),i=(this.window,!1),o=null,u=null,s=new Promise(function(e,n){o=e,u=n}),a=function(e){if(!a.hasModule(e)){var n=new Error('Cannot find module "'+e+'"');throw n.code="MODULE_NOT_FOUND",n}return t("./"+e+".js")};a.loadChunk=function(e){return s.then(function(){return"main"==e?t.e("main").then(function(e){t("./main.js")}.bind(null,t))["catch"](t.oe):"dev"==e?Promise.all([t.e("main"),t.e("dev")]).then(function(e){t("./shared/dev.js")}.bind(null,t))["catch"](t.oe):"internal"==e?Promise.all([t.e("main"),t.e("internal"),t.e("qtext2"),t.e("dev")]).then(function(e){t("./internal.js")}.bind(null,t))["catch"](t.oe):"ads_manager"==e?Promise.all([t.e("main"),t.e("ads_manager")]).then(function(e){undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined}.bind(null,t))["catch"](t.oe):"publisher_dashboard"==e?t.e("publisher_dashboard").then(function(e){undefined,undefined,undefined,undefined,undefined,undefined,undefined,undefined}.bind(null,t))["catch"](t.oe):"content_widgets"==e?Promise.all([t.e("main"),t.e("content_widgets")]).then(function(e){t("./content_widgets.iframe.js")}.bind(null,t))["catch"](t.oe):void 0})},a.whenReady=function(e,n){Promise.all(window.webpackChunks.map(function(e){return a.loadChunk(e)})).then(function(){n()})},a.installPageProperties=function(e,n){window.Q.settings=e,window.Q.gating=n,i=!0,o()},a.assertPagePropertiesInstalled=function(){i||(u(),r.logJsError("installPageProperties","The install page properties promise was rejected in require-shim."))},a.prefetchAll=function(){t("./settings.js");Promise.all([t.e("main"),t.e("qtext2")]).then(function(){}.bind(null,t))["catch"](t.oe)},a.hasModule=function(e){return!!window.NODE_JS||t.m.hasOwnProperty("./"+e+".js")},a.execAll=function(){var e=Object.keys(t.m);try{for(var n=0;n=c?n():document.fonts.load(l(o,'"'+o.family+'"'),s).then(function(n){1<=n.length?e():setTimeout(t,25)},function(){n()})}t()});var w=new Promise(function(e,n){a=setTimeout(n,c)});Promise.race([w,m]).then(function(){clearTimeout(a),e(o)},function(){n(o)})}else t(function(){function t(){var n;(n=-1!=y&&-1!=g||-1!=y&&-1!=v||-1!=g&&-1!=v)&&((n=y!=g&&y!=v&&g!=v)||(null===f&&(n=/AppleWebKit\/([0-9]+)(?:\.([0-9]+))/.exec(window.navigator.userAgent),f=!!n&&(536>parseInt(n[1],10)||536===parseInt(n[1],10)&&11>=parseInt(n[2],10))),n=f&&(y==b&&g==b&&v==b||y==x&&g==x&&v==x||y==j&&g==j&&v==j)),n=!n),n&&(null!==_.parentNode&&_.parentNode.removeChild(_),clearTimeout(a),e(o))}function d(){if((new Date).getTime()-h>=c)null!==_.parentNode&&_.parentNode.removeChild(_),n(o);else{var e=document.hidden;!0!==e&&void 0!==e||(y=p.a.offsetWidth,g=m.a.offsetWidth,v=w.a.offsetWidth,t()),a=setTimeout(d,50)}}var p=new r(s),m=new r(s),w=new r(s),y=-1,g=-1,v=-1,b=-1,x=-1,j=-1,_=document.createElement("div");_.dir="ltr",i(p,l(o,"sans-serif")),i(m,l(o,"serif")),i(w,l(o,"monospace")),_.appendChild(p.a),_.appendChild(m.a),_.appendChild(w.a),document.body.appendChild(_),b=p.a.offsetWidth,x=m.a.offsetWidth,j=w.a.offsetWidth,d(),u(p,function(e){y=e,t()}),i(p,l(o,'"'+o.family+'",sans-serif')),u(m,function(e){g=e,t()}),i(m,l(o,'"'+o.family+'",serif')),u(w,function(e){v=e,t()}),i(w,l(o,'"'+o.family+'",monospace'))})})},void 0!==e?e.exports=s:(window.FontFaceObserver=s,window.FontFaceObserver.prototype.load=s.prototype.load)}()},"./third_party/tracekit.js":function(e,n){/**

In this example, we have a favorite to win, and an underdog. The Packers are the favorites, and that is shown by the (–) value in front of the 6. Underdogs are represented by the (+) value.  The 6 point value is how many points either team could win, or lose by. If you think the Packers will win by MORE than 6 points, then you’d bet on the favorite in this case, meaning that the Packers have to win by 7 or more points in order for you to win your bet.
Once you understand how the NFL point spread works, you can make smarter choices when it comes to your NFL picks. The most important takeaway: It’s not you against the bookie. Think of NFL spread betting in terms of a marketplace, where customers tend to overvalue some teams and undervalue others. Figure out which teams those are, and you’ll find where the profit margin is.
It is also widely known as the over/under and, just like the point-spread myth, it is not Las Vegas' guess at how many points will be scored in the game by both teams combined. It's a number it feels will encourage just as many bets on the over as the under. If you picked the under 47.5, you want tough defense and the team running the ball to eat the clock. If you pick the over, you want offensive fireworks and long bombs for TDs. In totals betting, you are predicting whether the combined total score will be more than or less than the total.
What's the difference between an oddsmaker and a bookie? A bookie's job is purely mechanical. He gets the line from Vegas or another source, offers bets at those odds, then collects money from the losers, pays out to the winners and keeps the vig. Oddsmakers don't actually take bets -- they study the games and set the lines. Bookies often adjust the spreads for their games, so they do a little oddsmaking, and oddsmakers work for casinos, which operate sports books that take bets.
Reading sports betting lines becomes easier with practice and experience with different sporting events. What looks like a jumble of letters and numbers actually gives a lot of information in a tiny amount of space. Different sports have different types of wagers available, such as the run line in baseball or the puck line in hockey, both of which replace the money line found in our football example. The more experience you have watching and gambling on different sports, the faster you’ll be able to read betting lines.
Winning a game in a professional sports league of any kind can be difficult for even the best teams. Very few teams have gone through a season undefeated (only NFL Teams) and even then, not every win is as easy as teams hoped they would be - even the margin of victory is sometimes too close for comfort. Unfortunately for bettors, teams don't care how they win or by how many runs, goals or points, as long as they win the game. Read More >>
Reading sports betting lines becomes easier with practice and experience with different sporting events. What looks like a jumble of letters and numbers actually gives a lot of information in a tiny amount of space. Different sports have different types of wagers available, such as the run line in baseball or the puck line in hockey, both of which replace the money line found in our football example. The more experience you have watching and gambling on different sports, the faster you’ll be able to read betting lines.
In February 2011, FDU's PublicMind released a poll which showed that half (55%) of voters agreed "that people bet on sports games anyway, so government should allow it and tax it." On the other hand, approximately (37%) of New Jersey voters concurred that betting on sports is "a bad idea because it promotes too much gambling and can corrupt sports." Again, by a significant margin (70%-26%), voters who already engage in sports betting in office pools tend to be more supportive of legal sports betting than other voters.[11]
If you're just getting started with NFL betting, the most important thing you need to do is learn how the lines work. But this is easier said than done because NFL lines can seem like learning Greek to new bettors. Fortunately, learning football betting lines won't take you nearly as long to master as the Greek language. In fact, you should have a good understanding of the matter just by looking at the following information on how NFL betting lines work.
What this spread means is that, for the purposes of wagering, the Chargers will have 3.5 points deducted from their final score. For a bet on them to be successful, they would therefore have to win by four points or more. The Colts, on the other hand, will have 3.5 points added to their final score. A bet on them would be successful if they won the game, or lost by 3 points or less.

In the United States, it was previously illegal under the Professional and Amateur Sports Protection Act of 1992 for states to authorize legal sports betting, hence making it effectively illegal. The states of Delaware, Montana, Nevada, and Oregon—which had pre-existing sports lotteries and sports betting frameworks, were grandfathered and exempted from the effects of the Act.[6]
Sports betting has resulted in a number of scandals in sport, affecting the integrity of sports events through various acts including point shaving (players affecting the score by missing shots), spot-fixing (a player action is fixed), bad calls from officials at key moments, and overall match fixing (the overall result of the event is fixed). Examples include the 1919 World Series, the alleged (and later admitted) illegal gambling of former MLB player Pete Rose, and former NBA referee Tim Donaghy.
Tags: Bet on SuperBowl, Betting, Betting on Football, betting on sports, CASINO GAMING, Casino Hotel, Casino news, downtown las vegas, downtown vegas, DTLV, Football, Football Betting, Football Vegas, Football Wagering, Fremont Street, Fremont Street Vegas, Gambling, Las Vegas, Las Vegas Sports Book, Las Vegas Strip, lasvegas, Sports Betting, sports book, sports gambling, SportsBook, superbowl, SuperBowl betting, Superbowl Las Vegas, SuperBowl wager, The Vegas, Tips, TravelZork, vegas, Vegas sports betting, Vegas Strip, Vegas Strip Casino
Certainly, there is a possibility that other tribes in New Mexico will attempt to take advantage of the broad language of their compacts to offer sports betting, but they may be waiting to see how the launch at the Santa Ana goes. Walker of USBookmaking said “we’re in active negotiations in New Mexico,” as well as looking at potential opportunities elsewhere.
If you bet on sporting events, you must be able to read odds and understand what they mean. Furthermore, you need to quickly calculate the potential winnings for different bets, especially if the odds are changing while the event unfolds. Odds tell you the likelihood that an event will occur (a team wins, a boxer makes it a certain round) and how much will be paid out if you win. There are, however, multiple ways to convey this information.

The money came in heavily on the Patriots for the 11 days following the conference championship games. Over the weekend, we started to see money come in on the Rams, but it was mostly on the moneyline. The Patriots are closing as -127 or -137 favorites at most sportsbooks (bet $127 or $137 to win $100), with Bovada going up to -140. Las Vegas online sportsbooks are setting at -135, although MGM Mirage is up at -145. The Rams are between +115 and +120 underdogs (bet $100 to win $115 or $120), although again at MGM Mirage, you can get them higher at +125.
In order to place a bet, you first need a user account with a betting provider. There are many of them now. As we know from economics lessons, a great demand leads to a great supply. If you enter the term sports betting in a search engine, about two million hits are displayed. Of course, these are not only providers, but also Internet sites, which deal with the topic. Among them are also betting options like Draw No Bet auf Wetten.com. Similar to other services or products, there are platforms that list and clearly compare the market leaders, test winners and other providers. So is this side. All licensed bookmakers can be found on it. Furthermore, the most important information about the services of the betting providers, test results, ratings and customer opinions can be read at a glance. This makes the search and selection of a betting provider much easier. Each provider advertises with different premiums and bonus payments. The decision is then an individual matter and will be made according to the own requirements of the preferred sport, league, team and the offered odds.
How the point spread works - When two teams meet on the playing field or on the basketball court, one team is typically better than the other or in a more favorable position because of factors like playing at home. If all you had to do were pick the winning team in a game, everybody would simply wager on the best team or the home team in a even matchup and bypass all the lines and collect their winnings at a high rate.
This is different from a moneyline, where payouts can vary greatly because there is not point spread that is installed. It is simply picking the winner straight up. Therefore, a bet on the favorite would not profit as high as it would betting the spread since no points are given. Payouts on the point spread are not always the same, but they do not vary like a moneyline.

This might be the most unlikely playoff matchup in NFL history. Why? Houston started the season 0-3 and Indianapolis began 1-5. Texans coach Bill O’Brien is probably fired if his team doesn’t win 37-34 in overtime at Indy in Week 4. The Colts won 24-21 in Houston in Week 14. The Texans claimed the AFC South title with Sunday’s 20-3 win over Jacksonville to reach the playoffs for the third time in the past four seasons. The Texans have won at least one postseason game in three of their four all-time trips.
The updated NFL point spread for the Super Bowl on the FootballLOCKS.com NFL spread page and site is for newsmatter and entertainment purposes only. The NFL spread for the Super Bowl is displayed to you without the Super Bowl over/under line in the table. If you generally wish to view NFL Vegas spreads in a table that shows NFL over under lines, click the following link to visit the FootballLOCKS.com NFL lines page... There you can view the NFL football spread for Super Bowl LIII (53) together with the NFL football Super Bowl over under line. If the early Las Vegas point spread for Super Bowl LIII is unavailable, the offshore spread may be displayed in the interim. Remember the football spread for Super Bowl 53 may change during the week. So to make sure you've got the latest pro football point spread for Super Bowl LIII in 2019 be sure to check back often during the week to get the free updated NFL football point spread. Check in for the NFL point spread for the Pro Bowl too in addition to the NFL Super Bowl point spread 2019. To view all inclusive odds on NFL including the latest money line, visit the FootballLOCKS.com NFL football odds page.
×