What is the spread in sports betting?
Bookmakers set a spread with the hopes of getting equal action on both sides of a game.
For example, the Colts are a -3 point favorite against the Texans.
The -3 points is the spread.
The spread at -3 suggests the teams are fairly equal and maybe in this case, the Colts are only -3 because they are playing at home.
If these teams were widely considered equal and bookmakers put the spread at -10, they wouldn't get equal money as Texans +10 would likely be pounded by bettors.
The difference is that their odds may be set at -140 to win.
In a spread bet, even if the Texans won straight up, you'd still only win the bet because they lost by less than three points.
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