Spread

Definition:

In sports betting, the spread (or point spread) is a number set by sportsbooks to handicap a game by giving the underdog extra points and subtracting points from the favorite. Bettors wager on whether a team will “cover the spread” rather than simply win or lose.

They serve two main purposes:

1. Create balanced betting opportunities by making both teams appealing to wager on.

2. Level the playing field so games with heavy favorites still attract betting action.

Real-World Example

NFL Game: Dallas Cowboys vs. Washington Commanders

• The line is set at Cowboys –7 (–110) / Commanders +7 (–110).

  • If the Cowboys win by 8 or more, they cover the spread.

  • If the Commanders lose by 6 or fewer, or win outright, they cover the spread.

  • If the Cowboys win by exactly 7, the bet results in a push and stakes are refunded.