How do basketball odds work?

If you bet on the favorite, you win your bet if the favorite wins AND their margin of victory is greater than the point spread. If you bet on the underdog, you win if the underdog wins, ties, or if the favored team wins but fails to exceed the point spread.

usatoday.sportsdirectinc.com - NBA Basketball Odds

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Live Odds

ODDS EXPLANATION

The point spread - also called "the line" or "the spread" - is used as a margin to handicap the favorite team. For betting purposes, the oddsmaker predicts that the favored team will win by a certain number of points. This number of points is the point spread. The favorite is always indicated by a minus sign (e.g. -5.5) and the underdog by a plus sign (e.g.+5.5). If you bet on the favorite, you win your bet if the favorite wins AND their margin of victory is greater than the point spread. If you bet on the underdog, you win if the underdog wins, ties, or if the favored team wins but fails to exceed the point spread. It is standard for point spread bets in most sports that you wager $110 to win $100. The point spread given in the table above is for the home team only. To see the odds for both teams, click on the matchup. A money line, used in baseball and hockey, takes the place of a point spread. Money line betting is simply wagering on the contest based on a given price rather than a point spread. The team wagered on has to win the game outright, regardless of the score. The minus sign (e.g.-130) always indicates the favorite and the amount you must bet to win $100. The plus sign (e.g.+120) always indicates the underdog and the amount you win for every $100 bet. Using this example, therefore, you would bet $130 to win $100 on the favorite, while for the underdog you would bet $100 to win $120. The over/under is the number of points oddsmakers expect will be the total score for the contest (both teams combined, overtime included). You bet on whether the total points scored will be more or less than this number. As with point spread bets, you must generally wager $110 to win $100. Betting on a point spread or money line is sometimes called betting "sides" - that is, betting that one side or the other will be the winner - while betting the over/under is referred to as betting "totals".

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What does +5 mean spread?

For example, let's say the Dallas Cowboys (+5.5) are playing the New England Patriots (-5.5). If you bet on the Cowboys, they don't have to win, they just have to lose by 5 points or less. If you bet on the Patriots, they have to win by at least 6 points.

americangambler.com - What does + 5.5 mean in NFL betting? - American Gambler

The most popular form of NFL betting is by the spread. When looking at the spread for an NFL game, each team in the game will have a plus or minus. The team with a + is the underdog, so they are receiving points. The team with a – number is the favorite, so they are giving up points. If you are betting on the favorite (-), they have to win by more points that the spread indicates. On the other hand, if you bet on the underdog (+), they only have to get within the spread for your bet to win. For example, let's say the Dallas Cowboys (+5.5) are playing the New England Patriots (-5.5). If you bet on the Cowboys, they don't have to win, they just have to lose by 5 points or less. If you bet on the Patriots, they have to win by at least 6 points.

How do you read the odds on a spread?

For spread betting, the odds are always close to even. The spread is set differently for each game, which depends on odds makers and advanced algorithms. The odds on each spread will be around -110. It could move slightly if one team is receiving more wagers than the other.

How do spread bets pay out?

Since the odds are similar on both sides, you will come close to doubling your money regardless of who you bet on. Unlike betting on moneylines, the underdog and favorite will pay out close to the same, if not exactly the same.

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