A point spread is a betting market that handicaps a favorite by subtracting points and gives an underdog extra points to balance the matchup.

It is mainly used in American sports.

How it works

• The favorite must win by more than the spread

• The underdog can lose by fewer points than the spread or win outright

• The spread is added or subtracted from the final score for settlement

Example

• Team A: -6.5

• Team B: +6.5

• If Team A wins by 7+ points → bet wins

• If Team A wins by 6 or fewer → bet loses

Key characteristics

• Eliminates draws

• Creates even odds on mismatched teams

• Standard market in NFL, NBA, NCAA

Important note
Half-point spreads (e.g. -6.5) are used to avoid pushes and force a win or loss.