Wager Mage
Photo by Nataliya Vaitkevich Pexels Logo Photo: Nataliya Vaitkevich

What does 0.0 mean on a point spread?

A PK or pick'em in soccer betting is essentially a point spread in which neither team is getting any points. It's also sometimes shown as +0 or -0. If the team you bet at a PK wins, you win your bet.

What country loses the most to gambling?
What country loses the most to gambling?

In the world, Australia has the highest gambling losses per capita. This is largely due to the huge popularity of gambling in Australia, where more...

Read More »
Does gambling change the brain?
Does gambling change the brain?

Gambling's Effect On Your Brain. Compulsive gambling shows signs of measurable changes in your brain chemistry. As a behavioral addiction, gambling...

Read More »

A PK or pick’em in soccer betting is essentially a point spread in which neither team is getting any points. It’s also sometimes shown as +0 or -0. If the team you bet at a PK wins, you win your bet. If you bet a team at PK and they lose, your bet loses. But if the match ends in a draw, your bet is refunded, because it’s considered a push at +0 or -0 on the spread. (Spread betting is about the margin of victory; if you bet a team at +1, you’d win your bet if the match ends in a draw, and push if your team loses by one goal). Betting a PK is the same as a Draw No Bet wager, and odds posted by sportsbooks should be the same, or very close. If the teams are evenly-matched, each team will be about -110 on the PK. But if one is much better, the odds will reflect that. Let’s use Euro 2020 as an example (learn how to read American odds here if these numbers aren’t making sense). France PK is -121 against Germany, because the two teams are considered fairly even. You have to wager $12.10 to win $10 on France — if they win, your bet cashes, if it’s a draw, your bet is refunded. Same goes for Germany, but you would bet $10 to win $10.

Team Odds Probability France PK -121 52% Germany PK +100 48%

Italy on the other hand is a big favorite over Turkey, so their odds at a PK reflect that. At a PK, Italy is -700. That means an Italy win cashes the bet, but a draw and your bet gets refunded. You’re risking $70 to win $10 on this bet, and this outcome has a greater than 84% chance of winning. If Italy loses, you lose the $70.

Team Odds Probability Italy PK -700 84% Turkey PK +500 16%

BetMGM and other sportsbooks give you tons of spread options, with the odds adjusted to match the likelihood of it happening. Italy at -1 is -107 — sportsbooks give the Italians about a 50% chance to win by one goal. But Italy -2.5 is +480, meaning you’ll get nearly a 5x return on your bet if they win by three goals or more. Turkey is +500 at a PK. A Turkey win and you 5x your return, a draw and your bet gets refunded. In reality, many soccer bets are dressed up a little differently but mean the same thing. That’s why the odds for Draw No Bet and a PK are the same.

Can you bet via VPN?
Can you bet via VPN?

If you are traveling abroad you may find your favorite gambling or sports betting sites are blocked. These blocks can often be bypassed by using a...

Read More »
Can you get addicted to online gambling?
Can you get addicted to online gambling?

Gambling can stimulate the brain's reward system much like drugs or alcohol can, leading to addiction. If you have a problem with compulsive...

Read More »

What is the longest time a song has been number 1?
What is the longest time a song has been number 1?

In 1956, Elvis Presley's "Hound Dog" / "Don't Be Cruel" was number 1 on the "Best Sellers in Stores" and "Most Played in Jukeboxes" charts for 11...

Read More »
Why is my account is blocked?
Why is my account is blocked?

A blocked account generally refers to a financial account that has some limitations or restrictions placed upon it, temporarily or permanently....

Read More »
Should you leave a slot machine after winning?
Should you leave a slot machine after winning?

The main reason to leave a machine after hitting a substantial jackpot has nothing to do with whether or not you think the machine will pay off...

Read More »
What is a 0.20 chance?
What is a 0.20 chance?

(Example: If the probability of an event is 0.80 (80%), then the probability that the event will not occur is 1-0.80 = 0.20, or 20%. Oct 27, 2017

Read More »