The payout on spread betting is typically $1 for every $1.10 you wager, but can vary within a range. These changes do not impact any bets that have already been placed, making this one of the best Super Bowl bets. But so much money was immediately bet on the New England Patriots that the spread shifted all the way to Patriots (-3). When the betting lines first opened, the LA Rams were a small favorite. This happened just before Super Bowl 53 in 2019. If a lot of money is being wagered on one team compared to the other, sportsbooks will shift the spread to encourage equal betting on both sides and reduce their potential for loss.

If the Rams won by exactly three points, it’s called a “push,” and both sides get their money back.īettors are often confused to see the spread change a couple of days after they’ve placed a bet. The flip side is that if you bet on the Bengals (+3), you’ll still win your bet even if the game is a tie. If the Rams won 25-23, for example, you’re outta luck. The four point spread means that, if you bet on the Rams (-4), you only win your bet if the Rams win by five points or more. On paper, this is written out as “Rams (-4)” or “Bengals (+4)”. In Super Bowl 56, the Rams were four point favorites over the Bengals. Against the SpreadĪgainst the spread betting (commonly abbreviated as ATS) is probably the most common type of football betting. If you cut your bet in half and put $50 on the Chiefs +105, you’d go home with $102.50 if they win - your original $50 bet plus $52.50 ( i.e. You can wager any amount (though sportsbooks do have upper and lower limits). (For all intents and purposes, the favorite is always listed at a negative number and the underdog at a positive number.) So, if you wager $100 on the Chiefs at +105 and they upset the Rams (by whatever score), you’ll walk away with $205 - your original $100 bet plus $105. The plus-sign changes everything! When preceded by a plus-sign, the moneyline indicates how much you’ll get back if you bet $100.

The Chiefs’ moneyline, on the other hand, is +105. That -125 number indicated that, if you bet on the Eagles to win outright, you have to wager $125 to win $100 for a total payout of $225. The Eagles’ moneyline from oddsmakers is sitting at -125. Let’s use this year’s Super Bowl odds as an example again.

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