In sports betting, how much a team wins by is usually all that matters. The most popular way to bet for the two most popular sports, basketball and football, is with the point spread, also known as. The point spread is the great equalizer, giving every team an equal chance to cash a bet for you. It’s impossible to separate sports betting in America and the point spread. They will forever be linked. Point spreads are most commonly associated with higher-scoring sports like basketball and football, but can be used in any sport.

The spread, also referred to as the line, is used to even the odds between two unevenly matched teams.

Bookmakers set a spread with the hopes of getting equal action on both sides of a game. For example, the Colts are a -3 point favorite against the Texans. The -3 points is the spread. If you want to bet the Colts on the spread, it would mean the Colts need to win by at least three points for you to win the bet. If the Colts win by two points, you would lose the bet because they didn't hit the key number of three.

The spread at -3 suggests the teams are fairly equal and maybe in this case, the Colts are only -3 because they are playing at home. Bookmakers see these teams as equal and expect to receive fairly even money from bettors. If these teams were widely considered equal and bookmakers put the spread at -10, they wouldn't get equal money as Texans +10 would likely be pounded by bettors.

In a spread bet, the odds are usually set at -110 on both sides, depending on the sportsbook and state. That means whether you bet the Colts -3 or Texans +3, you'll win the same amount of money if you win the bet.

If you like the Colts to win but think three points is a tricky number, a moneyline bet could be made on the winning team with no points in the equation. In the above example, a Colts moneyline bet doesn't have any other requirements other than they win the game. The difference is that their odds may be set at -140 to win. On the other end, the Texans could be +120 to win.

While betting the Colts moneyline leads to a smaller payout, an underdog moneyline bet on the Texans would yield more money because you'd get money on them winning the game straight up. In a spread bet, even if the Texans won straight up, you'd still only win the bet because they lost by less than three points.

In sports betting, “PK” is an abbreviation for “pick” or “pick’em” and refers to even money wagers in point spread betting. PK simply means that neither team is the favorite nor the underdog, so the point spread is zero.

Whenever you place a PK bet, you are essentially wagering on one team or the other to emerge victorious regardless of the winning margin. Consequently, if not for the juice, you’d always risk a dollar to win a dollar with a bet of this type.

Sports Betting Spread Meaning Definition

Usage Example

Spread Meaning In Sports Betting

Let’s consider the following situation: two teams are supposed to play an important Super Bowl match, but one of the star quarterbacks has been injured before the game and the point spread has been narrowed to the point where it became a PK game.

In such a case, you’d usually see something like Team A – PK (-110), Team B – PK (-110) advertised by the sports books. This would mean that you’d have to bet $110 on either team for a chance to win $100 if your team manages to emerge victorious from the game.

Trivia

Sports Betting Spread Meaning Chart

Keep in mind that while even money bets are fairly popular in some casino games like Roulette or Craps, the abbreviation PK is never used when referring to them. In sports betting, even money bets are often marked using EV instead of PK.

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