More often than not, most bets go deeper than the odds of a heads-or-tails prediction when flipping a coin. Even a fun wager on a 50-50 outcome like a Super Bowl opening coin toss is nearly impossible to find. This makes friendly or farmer bets, as they were called once upon a time, tough to agree upon because one outcome is usually much more likely than the other. Enter the point spread.
You'd be hard-pressed to find a sport that doesn't offer point spread wagering. As one of the most popular bet types, it is attractive for any sport that features high-scoring games. This is simply because a point spread helps level the playing field, even if one team is a strong favorite. As 2021 ushered in single-game point-spread bets into law for Canadians, it's never been easier to find a fun wager in even the most lopsided matchups.
The point spread is commonly referred to as ‘the spread’ or ‘betting against the spread’, although depending on the sport, there are variations in the name. The important thing to remember is that they all work the same way.
There is also an opportunity to buy points at certain sportsbooks. This means that if a team is favoured by 10.5, you can buy points at less value to enhance the chances of you winning. In this example, you could make the spread 15.5, but your return would be less if you win. Some other terms include "laying the points," which means betting on the favoured team, or "fading" a specific team, which means you are betting against a specific team.