In sports betting, a ‘point spread’ is essentially a handicap that sportsbooks use to bring an equal number of bettors on both sides of a bet.
The team predicted by the bookies to win is given a minus (-) sign, indicating they are the ‘favorites’.
In the case of a ‘-2 point spread’, it means the favorite team is expected to win by more than 2 points.
How Does it Affect Your Betting Strategy?
If you decide to place a bet on the favorite team with a -2 point spread, that team must win by more than 2 points for your bet to be successful.
If they win by exactly 2 points, the bet is considered a push (or tie), and your wager is refunded.
Therefore, understanding the point spread can help you make more informed betting decisions.
Real-World Example
Let’s say you place a $100 bet on Team A, which has a -2 point spread. If Team A wins by 3 or more points, you win your bet.
However, if Team A only wins by 1 point, or if they lose the game, you would lose your $100 bet.
When Should You Consider This Type of Bet?
This type of bet is worth considering when you believe the favorite team will win by more than the point spread.
It’s essential to analyze the teams’ past performances, their current form, and any other relevant factors before placing your bet.
Finding the Best Point Spreads
Odds comparison tools, like OddsJam, can be very beneficial in finding the most profitable odds.
These tools help you compare point spreads and potential returns across multiple sportsbooks, allowing you to maximize your potential winnings.
In conclusion, understanding the concept of a ‘-2 point spread’ and how it impacts your betting strategy is crucial for successful sports betting.