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Old 12-23-2004, 02:02 PM   #1
coachJ
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Default Could someone explain..

ok im not a betting guy or anything, and i dont really want to bet anything, but could someone please explain to me the pointspread stuff....like one team getting + or - 7 or whatever....

thanks
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Old 12-23-2004, 02:11 PM   #2
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Anthony probably can explain it better but I will do a brief example and let him explain it in more detail if he wants.

Example

Colt's Vs Brown's

Odd's makers in Vegas go through each teams stats and past match ups to decide what team will win and by how much. So we know the Colt's will win this game but by how much?

If they think the colts will win by a TD and a FG they will give the Browns +10 and the Colt's -10. When it comes to betting the 1/2 point comes in where the Colt's must win by more then a TD and field goal example -10 1/2 this might mean the Colt's need 2 TD or a TD and to FG's to beat the spread, the -10 1/2 is called the spread.

Giving a team +10 points means that when the game starts the Browns have 10 points and for the Colt's to win the most win by more then 10 points. Example the final score must be something like 30 to 19 and if you picked the Colts you won.

If you picked the Brown you lost. But if the final score is something like 17 to 14 the Brown win because the Colt's did not win by 10 or more.

Last edited by MaddEnemy; 12-23-2004 at 02:16 PM.
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Old 12-23-2004, 02:32 PM   #3
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I was trying to explain spreads to my wife, who is a rather intelligent woman, and it went completely over her head. So, I don't think I'll bother chiming in here. Better to let Anthony give it a whirl.

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Old 12-23-2004, 02:56 PM   #4
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Quote:
If they think the colts will win by a TD and a FG they will give the Browns +10 and the Colt's -10.
Should be...

If they think half of the people betting will bet on one side and the other half on the other side if the spread is 10, then they will give the Browns +10 and the Colt's -10.
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Old 12-24-2004, 02:43 AM   #5
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Typically if the Vegas sports books - and that's what they're called, the establishments that take the (legal) bets - think two teams who are playing each other have equal talent, the home team will be favored by between 2 1/2 and 3 1/2 points, depending on whether the visiting team is playing on a different surface (artificial turf vs. natural grass), going from indoors to outdoors (or the other way around), or if a warm-climate or dome team has to play in cold weather, which would increase the premium assigned to the home team.

In recent years, the biggest possible mismatches - that is to say, one of the best teams in the league playing one of the worst teams in the league at home - have generally resulted in an opening line of between 14 and 17 points being posted (in previous decades such spreads were considerably higher, before the NFL began its crusade for "parity").

And often, a team with an exceptionally brilliant offense - especially an exceptionally brilliant passing offense - will consistently be favored more heavily than the difference between their record and thier opponent's record in a particular week would suggest, because the wagering public tends to gravitate toward betting on such teams. A perfect example of this is Sunday's San Diego at Indianapolis game: Both teams are 11-3, yet the Colts are 7-point favorites, when under ordinary circumstances where two teams with the same record are playing each other the home team would be favored by more like 3.
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Old 12-24-2004, 08:37 AM   #6
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To comment on Doug's post...

If they think half of the people betting will bet on one side and the other half on the other side if the spread is 10, then they will give the Browns +10 and the Colt's -10.

The line is described by the favoirte's number. As in the above example, it would be Colte -10. Or, the Colt's are favored by 10 pts. Zero, being a tie score of course. There is no need to post Cleveland's figure, as "Colts -10" by default means "Browns +10".
You can only have one line (by each odds maker). You will never see "Colts -10", "Browns +7". By using 0 as a tie, the spread number is the same number on both sides....just a negative for the assumed winner, and a positive number for the assumed loser.
Also, the reason why Vegas odds makers and sports books try to attract the same number of wagers (in dollar amounts) for both the favorite, and the underdog is because they make their money on the "juice", which is their fee for the wager. If they attract EXACTLY the same money on each side of the line, then they CANNOT lose money. They collect from the losers, pay the winners, and always keep the juice. A typical juice fee is around 20%.
If you take the Colts to win, and bet $100, you would be paid $180 (your orignial $100 back + the $80 you won). And of course, the losers pay no juice....they just forfeit their $100.
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Old 12-24-2004, 09:11 AM   #7
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The "juice," or "vig," is 10%. Bet $100 and you're down $110 if you lose, up $100 if you win.

At some services - particularly those based offshore (especially England), you win $90 on a $100 bet if it covers and lose $100 if it doesn't; and worse yet if you push you actually lose $5 because the bet is treated as half a win and half a loss (on this side of the pond it's regarded as no bet at all and you get a full refund).
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Old 12-24-2004, 11:55 AM   #8
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Juice varies from casino to casino, and book to book. Yes, I've seen 10%, but I've seen 20%, too. I like to book through Aladin in Las Vegas (when I'm there), and the juice there the last time I was there was 18.5% (or $18.50 per $100 wagered). And I'd sure like to know who your giving your business to where losers pay juice. I've never seen a book charge for the priveledge of losing. In fact, of the 4-5 books in Vegas I've used, I've never seen a loser pay anything but his initial wager. I can't speak for internet, offshore, or those in Endland...as I"ve never used those services. Just for kicks, I made a few calls, and searched online. I checked out 7 different sports books, and the average juice was right about 16% (or $16 per $100 wagered). I did not find a single establishment that charged juice on a loss.
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Old 12-25-2004, 07:00 AM   #9
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But first and foremost the team you do pick (and then bet on) has to cover - and for me this year anyway that has been the problem!
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Old 12-25-2004, 12:58 PM   #10
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This is probably way more than you bargained for, Coach, but I think this is a neat detail about bookmaking, even though I don't bet ...

In an effort to keep an equal number of bets on each side, books sometimes move the spread if too much money is coming in on one side or another.

For example, if too many people are betting on the Colts at -10, the books might move the line to -12 or, in extreme cases, -13 or -14. Once the books set a line, though, they don't want to move it too much because then they could get "middled."

In the Colts-Browns example, the books could have moved the -10 point line to a -14 point line. Lets say the Colts win the game by 13, so they covered the early bets and failed to cover on those made later.

That would mean the bookies would lose the early Colts bets that caused them to move the spread in Indy's favor. They would also lose the late Browns bets they took to balance their books.

In other words, the bookies would take a bath.

I think this happened once in a Super Bowl. I want to say it was SB XIII, when Pittsburgh started out at something like -3 and the bets came in so Steelers heavy the books moved it to something like -5. The Steelers won by four when the Cowboys scored two late TDs. And the books got killed.
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Last edited by ESP0704; 12-25-2004 at 01:01 PM.
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Old 12-25-2004, 05:02 PM   #11
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Quote:
Originally posted by ESP0704
I think this happened once in a Super Bowl. I want to say it was SB XIII, when Pittsburgh started out at something like -3 and the bets came in so Steelers heavy the books moved it to something like -5. The Steelers won by four when the Cowboys scored two late TDs. And the books got killed.
Yep. And it is referred to by the sportsbooks as "Black Sunday".
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Old 12-25-2004, 07:24 PM   #12
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yea it was kinda way more then i bargained for haha but its all good, it gives me a little of insight to win everyone is talking about spreads and all that. thanks a lot everyone

but i have another question...when you place a bet on a game, for example the Colts-Browns situation everyone is using, if you pick Colts -10, or Browns +10, is it the same bet?
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Old 12-25-2004, 08:09 PM   #13
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Absolutely not. You are either picking the Colt's to win by more than 10, or the Browns to lose by less than 10.
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Old 12-25-2004, 09:18 PM   #14
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And if any of you are interested in sportsbooks, please click one of the banners at the top of the SCMB. Linesmaker is our sponsor and helps pay the bills, and they are good people and are publicly traded in England, I believe.
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