![]() ![]() The SportsLine simulations are Monte Carlo simulations - Investopedia defines as models used to predict the probability of different outcomes when the intervention of random variables is present. If you wish to wager on the total, you would pick the rotation number of either team and inform the sportsbook writer that your intention is to bet Over or Under only on the posted total. In our example, 46 points is the posted total between the Cowboys and Giants. The over-under is usually noted on the same line where the underdog is listed, but with a bit of separation from the team name so that it is not confused with the point spread. ![]() It might look like this: Cowboys 46 Giants -3 You'll see the spread is almost always delineated with the minus symbol and spread number corresponding directly to the favored team. For example, along with seeing the point spread on the betting menu, you will see a large number near the spread. Oddsmakers create totals after taking into account the average of what both teams score and allow per game, along with other mitigating factors such as the venue or key injuries. In addition to picking a side against the point spread, bettors have the option of wagering on the over-under or "total." The total is the predicted number of points that will be scored in the contest. When you place a wager, you give the sportsbook ticket writer the rotation number of the team you are selecting instead of announcing the team name. This is simply the universal record-keeping system for sportsbooks to track bets on each team. The number to the direct left of the teams is called the "rotation" number. In the above example, the Giants winning by exactly three points would result in a push, and all wagers would be refunded. This means, in order for the wager to win, the Cowboys would need to lose the game by fewer than three points, or win outright. Those backing the Cowboys are betting on the underdog, and thus "taking" the points. This means they would have to win by four or more to cover the spread and make your wager a winner. So if you wish to wager on the Giants, you'd be giving up or "laying" three points with them. The spread is a handicap that requires the favored team to win the game by an ascribed number of points in order for the bettor to win a wager on that team. ![]() The spread is essentially a mathematical formula used to bridge the talent gap between teams and incentivize potential bettors into considering both sides. Take the following listing you might see in a sportsbook: Cowboys +3 Giants -3 In this example, the Giants are three-point favorites vs. Perhaps the most common question newcomers have when they see sportsbook odds is, "What do the numbers mean?" While the plus and minus signs might look confusing at first, they are easily explained. ![]()
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