jmkiser
Tuesday, December 4th, 2007, 11:02 AM
QUOTE (Andromeda @ Tuesday, December 4th, 2007, 9:43 AM)

can someone explain a point spread for me re: betting?
I have no idea what it means and I'm tired of saying I just want both teams to have a good time

Um, well, I'm not a pro about this by any means... not even really an amateur.
The point spread is set by the books... it goes up and down from start time to game time by the amount of money bet on each side.
For example... we have the Steelers vs. Patriots
A book sets a spread today for Patriots winning by 13.
You bet on the Patriots, they have to win by 14 or more to win even money (minus the vigor for the house).
You bet on the Steelers, they can lose only up to 12 to win even money.
If the Patriots win by exactly 13, it's a push.
Now, say you feel like betting on the Steelers (underdog), you want to find the book that will give you the most points. If one gives you 15 and the other gives you 12, take the 15, obviously.
Some people, I hear, try to make money by betting in-betweens. If book A is giving the Steelers 12 and Book B 15, then you would bet $50 on Book A for the Patriots to win by 12 or more and then bet $50 on Book B for the Steelers to lose by 15 or less. Either way if the score difference is outside of the 12-15, you have your bet covered and can't lose (except for the portion that the house takes out of winning bets). If the score happens to be between 12 and 15, then you win both bets.
I wish I knew more about sports betting, where to do so, how to do this, etc to actually take advantage of things like that.