Bets against the spread are when you place a wager that the final score of a game will be different than the pre-game line. These types of bets are most popular on college football and basketball games, but can be placed on any sporting event. The main difference between betting on the spread and betting the traditional way is that the spread bettor is generally trying to choose games that are closer than you’d expect. They want to capitalize on the fact that the betting line is rarely accurate and adjust their wagers accordingly. This is a good strategy for minimizing losses, but it can also increase the amount of money you have to risk.
Many of the top sportsbooks offer a variety of betting markets that you can choose from, including the traditional over/under bets, but they also give you the option to bet against the spread with great flexibility. So instead of being restricted to only two choices – either the pre-game line or your own prediction – you can now wager on nearly any type of matchup that you can think of. Just check the menu on the sportsbooks to see what kinds of bets are currently available before making your selection.
How to Place a Bets Against the Spread
If you decide to take the plunge and try your luck at betting against the spread, here are a few tips on how to do it successfully.
Know The Risks
One of the first things you need to do is familiarize yourself with the risks, specifically the potential for losing money. Just keep in mind that you are putting your hard-earned money on the line, so you need to be sure that you are prepared to lose what you bet. The main risk with any type of gambling is taking on too much risk, meaning you are risking more than you are willing to lose. This happens quite often, and it is always the risk takers who come back to haunt the casinos – which is why they are sometimes called The Bermuda Triangle of Gambling. This is especially relevant when you consider that most sportsbooks offer high-risk, high-reward propositions that they know you are likely to choose because they know you are a sports fan and thus will always prefer games that you think are more likely to end in a victory. In this case, they are inviting you to gamble with them, albeit in a risky manner, and you should always be aware of the fact that you are playing with fire. The next step is to take a deep breath and remind yourself that you are a disciplined person who is looking out for your own best interest, and that your goal is to take the least amount of risk possible without sacrificing your winnings. It is a balancing act, but one that is worth it in the end.
Diversify Your Stake
One very effective way to minimize your risks is to spread your bets. Instead of placing one big wager, consider making several smaller bets on games that you are less sure about. When you spread your bets, you are essentially diluting the risk you are taking on. For example, if you live in Australia and you are trying to bet on the next cricket match, you might want to place a $100 bet on one of the teams – if they are playing at a reputable bookmaker – and you might also consider taking a $50 bet on another team. Now, if one of the teams that you bet on loses, you have only lost $50, as opposed to the $100 that you initially wagered on one game. In order to make this strategy work, you are going to have to do some research into which bookmakers offer the best service in your country. Once you find one that you like, you can rest assured that all of your bets will be administered and paid out successfully. Another advantage to this strategy is that you are not restricted to only two options. Instead, you can now choose from several different teams or players that you deem to be most likely to win or lose. This is a great way to have some fun and make some money simultaneously.
Use An Experienced Sports Betting Service
As a last resort, if you are determined to go down the road of betting against the spread, there is no shame in turning to the pros for help. The majority of sportsbooks offer live betting lines, meaning that you can place bets while the game is in progress. Since you are not privy to all the information that the bookmaker is, this is the best way to ensure that your risk is as low as possible. Live betting has become very popular over the past few years, and it is a great way to get an edge on the betting lines. The benefit of live betting is that you can actually see the progress of the game as it is taking place. This gives you the opportunity to place your bets in real-time, as the action unfolds, which minimizes the risk of getting stuck waiting for the game to end. Live betting has become such a huge part of the sports betting world that it has spawned entire websites, like OddsShark.com, which were built specifically to help people like you make the most of this opportunity. In most cases, you will find that live betting discounts are available, so be sure to ask when placing your bet. Most top-notch sportsbooks are very happy to give you this benefit, as it helps them sell more tickets and wagers, and it also helps them provide the best possible service to their customers. These are all win-win situations for the sportsbook, and for you, the bettor.
The Bottom Line
There is a lot more than one way to make money at sports, even when you are betting against the spread. Consider looking at prop bets for football, which make up the bulk of wagers placed at the sportsbooks. This is thanks to the fact that fans can identify with the props related to their favorite sport, and thus will be more inclined to make a wager. For example, if you are a huge fan of the New England Patriots and you want to bet on their next game, you might want to look at betting on whether or not they will cover the spread. This is usually done by putting a wager on either the over or the under in an attempt to predict whether or not the Patriots will cover the point spread in that game. The advantage of placing a wager on a prop is that you can narrow your options quite a bit. Instead of having to pick between the home team winning or losing, you can now choose from a variety of options, including whether or not the underdogs will cover the spread. This can be a way of getting a leg up on the competition at gambling without having to resort to the same old strategy of simply trying to choose the games that you think will have the most favorable odds. Consider looking at the props for upcoming games, as this is usually the best way to get an idea of which games are worth wagering on and which ones you should avoid, at least for the time being.