[wpsm_dropcap]O[/wpsm_dropcap]ne thing that makes the Super Bowl an anticipated event is the sports betting aspect of it. There are several types of wagers known to bettors. Among the most popular are Super Bowl spreads, prop bets, money lines, and totals (over/under). For a newbie in sports betting, these terms might be a little confusing and alien to you. Even some of the usual sports bettors have not fully understood the terminologies and how each type should be played.
One of the most famous types of sports betting is the Super Bowl spreads and only a few really understand how this type works. There are a lot of bettors who put their money on spreads and this type has a huge amount of wagers annually. But before you try point spread for next year's Super Bowl, it is better that you understand what it's all about so you have a better chance of going home with profit than an empty pocket.
What are Super Bowl Spreads?
Point spreads is a type of wagering where losing and winning does not really depend on whose team wins. Super Bowl spreads is about which team's score will actually cover or exceed the point spread. A point spread or spread is the set point or number that needs to be exceeded or not by the teams. Its purpose is not to guess which the better team is but to attract wagers on both teams whether you believe that a team is really better than the other or not. Only in this type of betting can sportsbooks profit regardless of the winner.
Super Bowl Spreads is composed of a point spread, a point favourite and the underdog side or team. If a bettor puts their money on the point favorite team, they will win if the point favorite wins by a number greater than the point spread. If the bettor puts their money on the underdog, they will win if the underdog wins or lose by a number lesser than the point spread.
Example of a Point Spread
For example, the set point spread for a game is 6, the point favourite is the Carolina Panthers and the underdog is the Denver Broncos. Since the point favorite is the Panthers, the audience will see the -6 and with the Broncos, +6. Since the panthers is the point favourite, they should win by 7 or more points for their bettors to win. If they win 24 – 16, those who bet on the point favorite wins the bet because the Panthers won by 8 points. However, if the point favorite team wins 22- 17, their bettors will lose as the team won by 5 points only which is less than 6 points.
The winning team may have won the game but their bettors lost the point spread betting.
The bettors of the underdog will win if the team wins or loses by 5 points or less.[content-egg module=Youtube template=custom/slider]
For a newbie bettor, it is imperative that you understand how the Super Bowl spreads work so you’d know where you would place your bet. Placing your bet on the underdog side (team) doesn't necessarily mean that you believe they will lose the game, it means that you believe the score difference will not be greater than the point spread.