In sports betting when you see a team with a -3 point spread it means that they are the favorite to win.
This also means that if you bet on a team with -3, they must win by more than 3 points for you to win your bet.
Let’s say Team A is favored to win, and they have a -3 point spread. This means they would need to win by more than three points for a bet on them to pay out.
How does this affect your betting strategy?
Well, understanding point spreads allows you to make more informed decisions when placing bets.
If you have an underdog that you think can beat the spread or a favorite that you believe will dominate, knowing the point spread can influence which team you choose to bet on.
Let’s dive into a real-world example
Say you place a $100 bet on Team A with a -3 point spread. If Team A wins by 4 or more points, congratulations, you’ve won your bet!
But if Team A wins by exactly 3 points, it’s called a push, and you’ll get your original bet back.
If Team A wins by less than 3 points or loses the game, unfortunately, you lose your bet.
When should you consider this type of bet?
Point spread bets can provide a way to earn profits from games where there is a clear favorite and underdog.
It’s especially useful when you believe the underdog will perform better than the odds suggest, or when you think the favorite will win by a large margin.
Finding profitable odds
To find the spreads with the most profitable odds, you might want to consider using odds comparison tools like OddsJam.
They can help you compare and contrast the odds from different sportsbooks, ensuring you get the best value for your bets.
Remember, sports betting should be fun, and it’s important to bet responsibly. Good luck!