# How to Understand Betting Favorites and Spreads?

There is a wide range of wagers available when betting on a game. Some people may just bet on the first game of the day, while others may look at numerous sports news websites before making a wager. A lot of the time, someone will put money on a game, team or player they know nothing about. This makes it difficult for them to know whether they are placing a losing wager or a winning wager. To ensure they bet on something they can understand, it is best to look at the betting favorites and spreads for various sports.

When a person bets on a game or sports event, the first thing they will look for is the betting line. This is the predicted score of the game, or the odds of one team beating the other team. Once they find these, they can move on to see how much money they can make from the wager. If they bet \$100 on the Chicago Bears and they win the game 20-17, they would win \$100. If the game ends in a tie, they would have lost their \$100 wager.

What if they had placed the wager on the Indianapolis Colts? The line for that game was Colts -7.5, meaning the total points scored by both teams was to be seven points or less. This would have made their wager a losing one regardless of the final score. To find out how much money they could have won or lost on the bet, they would have had to calculate the point spread and determine if they would have won or lost based on that. This can become quite difficult, especially if they are trying to do it while keeping track of several different wagers throughout the day. This is why most people avoid wagering unless they are experienced gamblers who know exactly what they are doing.

## Understanding The Basics

Before a person can start wagering, they must understand the basics of how betting and spreadsheets work. Most people are not comfortable with simply picking numbers and hoping for the best – they need to understand the mathematics behind betting and the different types of wagers available to them.

When a person chooses to wager on a game, they are usually choosing to bet on the outcome of that particular game. If they bet on the favorite team to lose, their wager is a losing one regardless of the final score. This is because they are placing a wager that one team will do something different than what is expected of them. For example, if they bet on the Oakland Raiders (a team they hate) to lose, they are assuming the Raiders will take the game seriously and play better than expected. In that case, their wager would be considered a winning one, even if the Raiders ended up losing by a large margin.

In a similar way, if someone chooses to bet on one player to score a specific amount of points, they are assuming that player will play according to expectation and won’t do anything unexpected. In other words, they are placing a wager that the player will behave like a ‘normal’ person and do what is considered ‘normal’ for a professional athlete in that sport.

As a general rule, if a person is selecting a team or player they know nothing about, it’s usually a losing proposition. There are exceptions to this rule, of course, but the exceptions are pretty rare. For the most part, it’s best to avoid wagering on teams and players you don’t know much about. This is not because they will always lose, but because there is a chance they could surprise you.

## Understanding How The Favorites Work

Favorites and spreads can be a little tricky to understand, but once you do, it makes a lot of sense. When a person places a wager on a team or player they know little about, it is usually for one of two reasons. Either they are trying to backdoor a bet, or they are trying to make a guess at the outcome of the game. In both cases, they are placing a wager that is contrary to conventional wisdom.

In the case of the Chicago Bears, they are a ‘dog’ team – they like to bet on other teams. So if someone was trying to guess at the outcome of that particular game, they would have had to examine the statistics behind the Bears’ performance in previous games to come up with a number they could use to make a wager.

What is conventional wisdom regarding the Bears’ outlook for the season? Based on their recent history, one would assume the Bears would struggle to win more than a few games. This is certainly a common theme whenever they play a game, as they have one of the lowest attendance figures among all professional sports teams. The fact they are even in the NFL is somewhat of a miracle considering this team’s poor historical performance.

On the other side of the equation, the Denver Broncos are generally considered to be a ‘punt team’ – they like to bet on the underdogs. This is why most people would have backed the underdogs (spread) in that game – it’s almost as if they were trying to hedge their bet. If you were trying to guess at the outcome of that particular game, you would have needed to examine the records of the Broncos’ previous games to find a number you could use to make a wager.

What is conventional wisdom regarding the outlook for the season for the Denver Broncos? Based on their recent history, one would assume the Broncos would have a very good chance to make the playoffs. This is due in large part to the fact they play in the AFC, where all the other teams seem to disappear every now and then. It could also be the case the Broncos will have a letdown following their incredible victory over the Atlanta Falcons in the season opener.

## Why Do People Bet On The Underdogs?

It is well known among bettors that the ‘Underdogs’ offer the best opportunity for big payoffs. This is why most people choose to bet on the underdogs, or at least make a wager in that direction. This opportunity for a substantial pay off is what draws them to wagering on the underdogs – they want to prove the theory correct that an underdog will beat the favorite in the end.

In the case of the Denver Broncos, they are currently listed as the underdog against the Chicago Bears. This is largely because they are the smaller of the two teams. In theory, anyone betting on the underdogs would have made a handsome profit regardless of the final score – however, in practice this is not always the case. Sometimes, an upset can happen even in well-matched matchups.

If you keep these two tips in mind and use them responsibly, you will be able to enjoy wagering without all the mystery. This is especially important for those who are just getting into wagering or are new to the idea of wagering altogether. If you follow these two tips and keep track of how they affect your wagers, you will be able to determine whether you are winning or losing as you go along. This is what makes wagering so much fun and profitable in the long run.