What Is a Point Spread in Betting? | WGT

What is a point spread?

Quick answer
A point spread is a handicap that levels a matchup. The favorite must win by more than the spread to cover, and the underdog covers by winning or losing by less than the spread. At -3.5 the favorite needs a win by four or more, and a half point means no ties.
Written by the Wise Guy Desk, reviewed by Ross Thornton. Page content last changed August 6, 2026.

A point spread is a handicap that levels a matchup: the favorite must win by more than the spread to cover, and the underdog covers by losing by less than the spread or winning outright. It is designed to get roughly equal betting on both sides.

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Reviewed by Ross Thornton, professional sports handicapper

How does a point spread bet pay out?

Definition. A point spread is the margin of victory the sportsbook sets as the dividing line for a bet.

Worked example. Team A is -3.5 against Team B. If A wins 27-23 (margin 4), A covers. If A wins 27-24 (margin 3), B covers even though A won the game. A bet on B at +3.5 wins in that case.

How the spread works

A favorite listed at -6.5 must win by seven or more to cover. The underdog at +6.5 covers if they win outright or lose by six or fewer. The half-point (the "hook") prevents a tie. Both sides are usually priced around -110, meaning you risk $110 to win $100, with that extra $10 being the book's margin.

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A worked example

Team A is -6.5 against Team B at +6.5. If Team A wins 27-20, that is a 7-point win, so -6.5 covers. If Team A wins 24-20, a 4-point win, then Team A fails to cover and the +6.5 underdog cashes even though they lost the game. The scoreboard and the spread result can disagree, which is the whole idea.

Reading spread movement

Spreads move as money comes in and as news breaks. When a line moves toward the less-bet side, sharper money is pushing it, a signal worth watching. Getting the best number matters most on spreads: a half-point can be the difference between a win, a push and a loss over a season.

In the Wise Guy tools

Alternate lines

Extra spreads and totals at other numbers, like -6.5 instead of -3.5. Our prices for them come from a model, so check the number at the book.

Example: Main line -3.5 at -110; the alternate -6.5 might pay +170.

How our tools use it: A separate Alternate lines panel (DraftKings ladders), never merged into the ranked board. The fair comes from the main market's no-vig price through a normal model with a per-sport spread of outcomes. MLB and NHL 1.5 lines are not modelled. These are estimates from a model, not market prices.

Frequently asked questions

What does covering the spread mean?

A favorite covers by winning by more than the spread; an underdog covers by losing by less than the spread or winning outright.

Why are spreads set at half points?

The half-point (hook) removes the possibility of a tie, so every spread bet resolves as a clear win or loss rather than a push.

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Related terms

Run Line
The run line is baseball's version of the point spread, almost always set at 1.5 runs.
Cover
To cover means a bet beats the point spread, not just the scoreboard.
Push
A push is a tie between the result and the betting line, so neither side wins and your original stake is refunded.

21+. For entertainment and educational purposes, not financial advice. If gambling stops being fun, take a break. 1-800-GAMBLER. Regulated US books only.

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How to use a point spread

  1. Find the favorite: the team with the minus number, which is how many points it must win by.
  2. Find the underdog: the plus number is the cushion it gets.
  3. Add or subtract the spread from the final score of the team you bet.
  4. If the adjusted score beats the other team, the bet wins. A tie on the number is a push.

Worked example: a team favored by 3.5

The favorite is -3.5. It wins 24 to 17, a margin of 7. It covers, because 7 is more than 3.5.

If it wins 24 to 21, the margin is 3, which is less than 3.5. The underdog at +3.5 covers even though it lost the game. Because of the half point, there is no push. At a whole number like 3, a 3-point win is a push and returns the stake.

The numbers above are an illustration of the math, not a prediction or a result.

Common questions

What does -3.5 mean?

That team must win by 4 or more for the bet to win.

What happens if a team wins by exactly the spread?

It is a push on whole-number spreads: your stake comes back.

Why is the price usually -110?

It is the book's margin built in. See the vig page.