Sports Handicapping - What is a Spread?

A spread is designed to give us a value on a game using a points handicap. Let's say the Magic are playing the Clippers in Orlando. Since everyone knows Orlando will likely win that game the moneyline will be outrageous, so the spread was created based on the perceived value of the quality of the two teams playing. For example, Orlando -15 (the -15 is the spread) is saying that Orlando is 15 points better than the Clippers and it should encourage bettors to bet on the Clippers to cover the 15 points. At the end of the game deduct 15 points from Orlando and whichever team has more points wins the game. The spread was designed to level the playing field between two teams with different skill levels. The team that is (-) points is called the favorite and the team that is (+) points is the underdog.

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