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The first spread Andrews comes to for an NFL game is simple math, using the power ratings: If Team A is 90, Team B is 91 and at home with a 2.5-point home-field advantage, the line is Team B -3.5.
If you bet $110 on every underdog against the spread last season, you would have lost $930. Underdogs won outright in just 97 of 272 games last season. That is a winning percentage of under 36%.
Here's my betting breakdown for this Eastern Conference matchup. More: Here are three Super Bowl 2024 special bets you can wager on for Chiefs vs 49ers NY Knicks vs. Pacers spread: Advantage Pacers
Spread betting was invented by Charles K. McNeil, a mathematics teacher from Connecticut who became a bookmaker in Chicago in the 1940s. [5] In North America, the gambler usually wagers that the difference between the scores of two teams will be less than or greater than the value specified by the bookmaker, with even money for either option.
McNeil's method is used today in different areas; anything from basketball to poker. He started the new method of trading and changed the way people bet. [6] [better source needed] McNeil's invention, the point spread, revolutionized sports betting by introducing a method of wagering on the margin of victory between competing teams.
The term is applied to the practice of predicting the result of a competition, such as for purposes of betting against the point spread. A favored team that wins by less than the point spread still wins the game, but bets on that team loss. In either case the handicapper is the person who sets the handicaps for the activity.