So, what exactly is Ohio points spread betting you may well ask? Great question! In this post, we’ll go over all the fundamentals of point spread bets, what sports and activities you may wager on using spreads, and popular terms like ATS.
- Best Ohio Points Spread sportsbooks in 2023
- Ohio Points Spread Betting Guide
- Top sports betting Operators are now live in Ohio
- Can you use the promotion to make a point spread bet in Ohio?
- Betting Odds on the Point Spread
- Point spreads in football
- Ohio Points Spread Betting FAQs
Best Ohio Points Spread sportsbooks in 2023
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Ohio Points Spread Betting Guide
To level the playing field, point spreads are applied. Any Ohio sportsbook will establish a point spread to indicate how much superior one team is to its opponent.
For example, if the Ohio State Buckeyes are -10 favorites against the Michigan Wolverines, the sportsbook feels the Buckeyes are 10 points superior to the “club up North.”
The premise behind point spreads is that by awarding points to the underdog, the bookmaker will get equal betting activity on both sides. When an oddsmaker issues point spread lines, significant bettors’ early behavior may drive spreads up or down.
If one side of a spread is substantially bet after its original release, the spread may change in the other way before a game begins.
Top sports betting Operators are now live in Ohio
With the legalization of sports betting across the state of Ohio, a larger number of premium online sportsbooks are opening their virtual doors for Ohio residents. Here are some of our top picks
BetMGM Sportsbook is the sportsbook app for MGM Resorts, one of the biggest gambling organizations in the world. MGM already has a presence in Ohio as the owner of MGM Northfield Park. In June 2022, BetMGM asked the Ohio Casino Control Commission for a license to do business both online and in stores.
DraftKings has been a daily fantasy sports supplier in Ohio for many years. Sports betting will finally be available in the Buckeye State. DraftKings just filed in the state for a mobile license.
PointsBet Sportsbook is an Australian sports betting provider that has built a name for itself in the United States in recent years. PointsBet has an access deal with Penn National Gaming, which operates multiple casino locations in Ohio.
The Ohio Casino Control Commission has received an application from PointsBet to be licensed as a provider of mobile management services.
Because of its DFS activities, FanDuel sportsbook is a well-known brand in Ohio. It will now make its Ohio debut as both an online and a retail operator. FanDuel has one of the best Ohio sports betting apps, and they are now live!
The Caesars Sportsbook is associated with the Caesars Hotel and Casino. Eldorado Gaming Scioto Downs in Ohio is part of the company’s extensive holdings. Furthermore, Caesars has made a retail deal with Cleveland Cavaliers.
The sportsbook also launched the Ohio horse betting application recently. At the deadline of July 15, Caesars filed for a retail or mobile license.
Barstool Sports is the sportsbook app for casino operator Penn National Gaming. Penn National owns the Hollywood Casino brand, which has four sites in Ohio.
Since June 2022, Penn National has had an application for a mobile sports betting license on file with the OCCC.
In addition to Barstool, Penn National, which controls four casinos/racinos in the state, may collaborate with up to three other online sportsbooks.
Can you use the promotion to make a point spread bet in Ohio?
Unless otherwise stated in the terms and conditions of Ohio sportsbook promos, you may utilize a promo to make an Ohio point spread bet.
The advantage of doing so is that you will be able to make one of the simplest bets by utilizing a low-risk or no-risk offer.
New bettors may also put their newly acquired skills and expertise to the test. You might argue it’s a win-win situation.
Betting Odds on the Point Spread
Ohio points spread betting odds might vary from moneyline betting odds. The normal industry odds for betting a team against the spread are -110. This implies you must wager $110 to win $100. The additional $10 is usually for the vigorish.
A sportsbook may sometimes provide odds for spread bets ranging from -105 to -125, indicating that there is a lot of activity or liability on one side.
The Favored Team 🏅
There are several reasons why a side could be favored to win a game outright. It might be a stronger win-loss record, home-field advantage, a plethora of improved statistics, or just skill. With the exception of a pick-em (explained below), every game or match has a favorite to win.
If the Cleveland Browns are projected to win a game, the moneyline for them to win straight up may be -500, which means you would have to spend $500 to win $100 and gain $600.
The point spread wager for this game may be -10 with odds of-110, implying that the odds are significantly more appealing to a bettor.
The Underdog 🐶
There is always an underdog when there is a favorite. The team that is predicted to lose is the underdog. There are several reasons why a team may be considered an underdog.
Points are given to even the playing field by taking into account things like a team’s win-loss record, player injuries, or lower skill.
When two teams look to be equal, we’ll see spreads of three points or fewer, and possibly a pick-em.
In another case, a team may be awarded three points just for having home-field or home-court advantage.
The Movement of the Odds 🕺
If you are confident about making a wager, do it as soon as possible since the odds might alter. The sportsbook has the option to adjust the odds in either direction, causing the point spread to shift.
The spread has been increased from 1.5 to 4.5 points. Your original wager of Cavs-1.5 is unaffected by this shift.
Ohio Points Spread Betting Results:
Betting the spread on a game is straightforward; you choose either the favorite or the underdog. We have two spread bet options, but there are three alternative outcomes.
Win, lose, or tie. Let’s take a look at each of them.
Victory is what everyone wants. Assume you wager on the Cleveland Cavaliers -3 against the Miami Heat and they win by four points. This implies you’ve won your wager. Most sites will pay out winners shortly after the event ends, and the money will be placed into your account.
It is not the expected consequence, yet it occurs often. You have a -3 bet on the Cavaliers over the Heat. You lose your bet because of the Heat’s exact retribution on the Cavs.
A push is the third potential result. This implies that when the spread is taken into consideration, the two teams are tied. This bet’s financial outcome is a complete refund.
If the bet is part of a parlay, that leg of the parlay is thrown out. The rest of the parlay is kept, and the odds for the remaining bets are used.
Spread Covering 📔
Covering the spread implies that a team wins by more points than the spread. If the Browns had been two-and-a-half-point favorites against the Jets and won by three points, 30-27, they would have covered the spread.
If the Browns won the game 28-27, they won by fewer than two points and did not cover.
What Is the Meaning of ATS?
ATS stands for Against The Spread. The term “ATS” refers to the team’s draw, loss, and win against the spread. ATS is a popular statistic used by expert gamblers in their studies.
For example, if the Cleveland Browns cover the spread in 10 of their first 12 games, their ATS record will be 10 wins, 2 losses, and 0 ties, or 10-2-0. A solid ATS record may drive movement to one team regardless of the spread.
The Hook 🪝
This is a betting term for the half-point in a spread. The hook makes it impossible for a bet to end in a tie, only a win or a loss. If the Ohio State Buckeyes are -3 12-point favorites against the Michigan Wolverines, the 12 is the hook.
If OSU wins by 3 points, in the end, the hook affected the winning bet. You lost if you bet on the Buckeyes to cover the 3 x 12-point spread. The hook was on your side if you bet on Michigan +3 12 points!
Point spreads in football
The most common bet is NFL and football Ohio points spread betting, which you may be familiar with if you’ve participated in an NFL pick ’em league with your friends or coworkers.
NFL point spreads were intended to balance the playing field for an underdog that was outmatched.
Why is NFL spreads lower compared to college football spreads?
For a variety of reasons, NFL’s spreads are far smaller than college football spreads. The FBS has 130 college Division 1 football teams that are eligible to compete for the National Championship.
The National Football League is made up of 32 teams that fight for the Vince Lombardi Super Bowl trophy.
The NFL maintains a wage cap for each club, which creates a sense of competitive balance by allowing each team to develop equally skilled squads based on salaries.
By using Caesars promo code for Ohio, you can bet on some incredible NFL spreads.
Talent is drawn to college football teams by good recruiting, conference money, school money, and a path to the NFL. This means that there are big differences in talent between teams 1 and 130.
Point spreads in basketball 🏀
Basketball point spreads may vary greatly from football point spreads due to the way points are scored. In the NBA, one, two, or three points may come rapidly. At the moment, there are no 7-point shots. NBA point spreads may also shift dramatically due to the absence of a single player, much like an NFL team’s starting quarterback.
Baseball Run lines ⚾️
Baseball makes use of run lines instead of spreads since it’s a low-scoring game that might conclude with small margins. A single activity, such as a home run or a goal, earns one point.
Yes, you may score four runs on one swing of the bat in baseball, but three things must happen before you can hit a grand slam.
A 1.5 line often appeals to baseball gamblers since there are several factors that may suddenly swing a game, such as pitching changes and power plays. If you bet on the Cleveland Indians at-1.5 runs, you must win by at least two runs for your wager to be successful.
Puck Lines in Hockey 🏒
The point spread in hockey operates similarly to the point spread in baseball. In hockey, what is known as the run line in baseball is called the puck line.
The favorite will have a -1.5 spread, while the underdog will have a +1.5 spread.
Ohio Points Spread Betting FAQs
The OCCC has authorized the introduction of Ohio sports betting on January 1, 2023. According to House Bill 29, which was approved in December 2021, sports betting is technically already legal in Ohio.
Sports betting is currently prohibited in Ohio. On January 1, 2023, Ohio citizens will be able to use many sportsbooks and sports betting applications from anywhere in the state. Choose an Ohio-licensed sportsbook or mobile betting app, open an account, and you can start betting on sports legally in 2023.
College sports betting is legal in Ohio. You will be able to gamble on college sports, including The Ohio State University, as soon as Ohio sports betting goes online on January 1, 2023.
You do not have to reside in Ohio to participate in Ohio sports betting. To wager on sports in Ohio, you must be physically present in the state. You may use the Ohio sports betting sites if you live in the state of Ohio and are at least 21 years old.
To wager on sports in Ohio, you must be at least 21 years old. If you are 21 or older and live in the state of Ohio, you may begin to enjoy legal sports betting in Ohio on January 1, 2023.
Started my interest in sports at a young age by attending the Cincinnati Bengal’s home games. Now an accomplished writer for OH Gamblers