Point Spread betting in Ohio
While there are several betting options, you will find that Point Spread betting is extremely common and popular. Point spreads are just one type of wager that will be available in Ohio’s legal sports betting market. Read on for a comprehensive look at point spread betting and some of the best advice on wagering in Ohio.
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Betting on the Spread: What is it?
A point spread wager predicts the margin of victory or defeat for a chosen team. Its design is to make betting more fair by giving the underdog equal footing in terms of odds. Given this, there is little to no difference between the cost of staking for either team. Bets on spreads can be made on the underdog which is known as ‘betting against the spread’ or the favorite also known as ‘covering the spread.’
Betting against the spread, means that the underdog must either win the game outright or lose by a margin that is less than the spread. On the other hand, if the favorite wins by more than the amount of the spread, they are said to have beaten or covered the spread.
For instance, you can wager on a 5.5-point spread between the Ohio State Buckeyes (favorites) and Michigan State Wolverines (underdogs). What this means is that either team should lose or win by the given margin. If the Wolverines win by six points or more, the bettor wins the wager since the Wolverines cover the spread. This wager looks easy, but the inherent unpredictability of each game makes it anything but easy.
Understanding Point Spread bets in Ohio
The attractiveness of betting on point spreads lies in their apparent ease. The best way for Ohio bettors to place more effective point spread wagers is to familiarize themselves with the dynamics of betting on favorites and underdogs.
Favorites and underdogs
A team’s odds (positive + or negative -) are based on how likely it is to win the game. If one team has odds of (-), that means they are the favorite, while the other team has odds of (+), meaning they are the underdog. Picking a favorite or an underdog when betting against the spread is easy.
There is always a favorite and an underdog in a point spread. For instance:
In this scenario, the Wolverines are the favorite indicating that they are more likely to win the match. The Buckeyes on the other hand are the underdogs.
Betting against the spread
This has to do with betting on the underdog. A +7 spread means that the underdog needs to win by at least seven points or lose by less than seven in order for the wager to pan out. If the underdog wins by less than seven points, the favorite will get the cover.
Betting on the spread
Covering the spread means winning a bet with a point spread. This focuses on the favorite team in a matchup. Here the bettor predicts how many points the favorite will win by. The point spread is the margin by which a favorite must win in order for bettors whose money is on the favorite to ‘cover’ their margin. The team covers the margin successfully when they win by the predicted margin or above it.
What is the spread?
The spread must be set before bettors can attempt to cover or bet against it. The odds in Ohio are set by sportsbooks. Consequently, bettors here have a wide variety of options when it comes to placing wagers on their favorite teams. Some of these include Caesars Sportsbook, Fubo Sportsbook, BetMGM, FanDuel, and BetFred. These sportsbooks set the spread because it generates betting on both the favorite and the underdog. Examples of the spread are 3-point spread (-3 and +3) or 7-point spread (-7 and +7).
Points Spread odds
The odds on a spread bet at a sportsbook in OH typically sit at -110 for both teams. This means that if you bet on the Wolverines -7 or the Buckeyes +7 and win, you will receive the same payout.
Latest Ohio Predictions with Point Spread betting
Point Spread predictions for the Ohio market.
Using Ohio Point Spread Bet promotions
There will be intense competition once sportsbooks in Ohio begin accepting bets. By taking advantage of a low-risk offer, you can place the safest possible Point Spread wager. Due to the onslaught of offers from betting sites that will arise, it’s important to understand what you’re getting and how to channel it into point spread betting.
It’s more common to see Ohio odds boosts as a daily promotion than as a signup bonus, and a few of the books even release a new slate every day. The odds boost lets bettors place wagers with odds that are more in their favor.
For instance, the odds of the Wolverines Vs Buckeyes point spread could increase from +110 to +140 with the help of an odds boost. In either case, the first step to a winning bet is the same, but the possible payout goes up.
Many of the OH sportsbooks will likely feature the Deposit Match as a welcome bonus, as it is a very common promotional offer. In essence, the house will put up an equal amount to match your initial deposit. Aside from the initial deposit, the best match will typically be the first time a player makes a deposit, though subsequent matches and other deposit bonus codes may still be available, depending on the casino.
The other thing to remember is that the rollover requirement for the house’s credits is the number of times you have to wager the bonus before you can withdraw any of it. As a result of the intense rivalry between betting sites, rollover requirements have generally been low and fairly user-friendly for bettors.
If you have a large social circle or place of employment that is interested in playing, you may be eligible for a sizable referral bonus. When friends sign up through your referral link and make a deposit to their account, you’ll both receive a bonus.
Other odds types in Ohio:
Bottomline on Point Spread betting in OH
Overall, wagering on spreads is one of the best options because it less complicated. Point Spread betting offers an exciting new dimension to sports betting that is unavailable when wagering on more traditional markets, such as moneylines. Whether you’re betting on a huge underdog or a heavy home favorite, bettors should have adequate information about the teams, so they can place more effective bets.
FAQ Points Spread Betting Ohio
What is betting against the spread?
The term ‘against the spread’ or ‘ATS refers to a team’s win-loss-tie record against the spread in a betting context.
Why choose point spread betting option?
The goal of using a point spread is to ensure that both the favorite and underdog receive roughly equal betting action. Most of the action at sportsbooks comes from this type of handicap betting. Point spread wagering appears simple and therefore attractive. Bettors need only guess their chosen team’s final score and the margin of victory or defeat.
What is the spread?
With a +7 point spread, for instance, the favored team has to win by seven points upwards the underdog. You win a bet on the underdog if their final score, plus the seven points you added, is higher than the favorite’s final score.