In order for a point spread bet to be declared a winner, the side wagered on must “cover” the point spread. The favorite, which is the side with the minus number as the point spread, must win by more than the point spread dictates.Jun 10, 2020
If any of the bets in the parlay lose, then the entire parlay loses. However, bettors can sometimes parlay several teams together for massive one-time payouts. Why Sports Bettors Should Avoid Parlays.
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In-Play is betting that takes place after an event has started and up to its conclusion. Obvious examples are a football or cricket match or a horse race. Other bookmakers sometimes call it live betting whereas on Betfair it has also been known as in-running betting in the past.
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.
"To cover a bet" means have the money to pay if you lose. The bet here is the fallacy called "Pascal's Wager" after the philosopher who wrote about it. It says that you might as well bet that God exists because if He does, then you win, and winners don't have to pay anything.