The Basics Of The NFL Point Spread
Posted in Finance on February 28th, 2010 by Ross Everett – Be the first to commentIn order to successfully bet on NFL football its important to start with the fundamentals. And were not talking about the Xs and Os of professional football game planning”were talking about the fundamentals of understanding the wagering side of the equation. There’s a lot of misunderstanding about what NFL pointspreads mean and how they are set. A firm grasp of the essential bookmaking concept of setting NFL lines is a prerequisite for any hopes of sports betting success.
The general public has a tendency to oversimplify the meaning of an NFL pointspread. The conventional wisdom is that it is simply a prediction of which team will win and by how much. There is a component of that in the NFL bookmaking equation, but theres a lot more to it. In theory, a sportsbooks primary goal is to equally divide the action they take on an individual game. If they do their job right, the outcome of the game is irrelevant to the bookmaker. Youll frequently hear clueless sportscasters make inane comments following a big upset like Boy, the sportsbooks in Las Vegas must have lost their shirts on that one or whoever set the line got this one wrong. Thats something that simply cannot be determined from the outcome of the game alone.
Since a bookmakers primary goal in setting NFL betting lines is to equally divide action, they have to make each side of a wagering proposition attractive to a prospective player. For that reason, its more accurate to say that NFL lines are more of a reflection of the betting publics perception of which team will win a game and by how much than anything else. Some NFL teams are considered public teams due to their popularity and/or perceived qualitative skill. So if the numbers in a hypothetical game between Dallas and Cincinnati indicate that the Cowboys should be a -6 favorite a book may open the game at -7 or -7.