Conversely, underdog Kansas City can cover by either winning the game outright, or losing by less than 2 points. Prices on Super Bowl bets can vary significantly, so it pays to shop around to get the lowest price you can before making a bet.īeating the spread is known as “covering.” For the Eagles to cover their spread of 1.5 points, they must win the game by 2 or more points. That way, the oddsmakers are guaranteed a profit through a cut of the action, called the vigorish, or “vig.” (Many books, hoping to sound less wiseguy-ish, call it “the price.”) Most sportsbooks will keep 10% or more of a winning bet before paying you the rest, but they keep 100% of all losing bets. Rather, it is a number designed to generate as close to an equal number of bets on both sides as possible. Two of the most popular bets are on the point spread (the number of points by which a team must win the game in order for the bet to be a winner) and the total, also known as the over/under (the total number of points scored by both teams).Ĭontrary to popular belief, the point spread is not a consensus on how many points oddsmakers think one team will win by.

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