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From Point Spreads to Lines
In this article, you will learn the dynamics behind the “betting against the spread” option. In addition, we will reveal how sportsbooks make their profit through commissions on losing bets.
From that magical Winthrop upset to UCLA’s ascension into the Final Four, betting the NCAA championship is a great way to get the heart rate pumping and the blood flowing. In addition to watching the game, seasoned veteran gamblers are making their rounds dropping down big bucks on championship games with big win dreams. Betting the NCAA championship is dynamic for many reasons. To start, there are different ways to betting NCAA championship. One of them includes the most popular betting option of “betting against the spread.”
 Each NCAA championship game comes with a favorite and an underdog. Odds makers come up with point spreads to make the game even for betting purposes. The spread acts as a handicap, as in the number of points you have to give up if you bet on the favorite along with the amount you will get betting on the underdog. For instance, if Notre Dame are favored by 8 over Georgetown (showing up as Notre Dame +8, Georgetown -8) and Georgetown annihilates Notre Dame by 25 points (final score 67-42), those backing Georgetown would win and those backing Notre Dame would lose. If Georgetown won by more than 8 points, Georgetown would win the bet having “covered the spread.”
One tip: never assume that the team with the better record is the favorite. Many favorites are also assigned based on their “against the spread” records. Sometimes, teams who don’t win or lose by enough are the favorites/underdogs, respectively.
When betting NCAA championship, every game with a point spread is called a 50/50 bet. Making the teams even is the point of the spread so that there is no observed advantage in siding with one team over the other. In order for NCAA championship sportsbooks to make a profit, they charge commissions which are usually 10% that you pay on losing bets (i.e. putting up $66 to win $60.) Remember, odds makers carefully configure their point spreads in response to public behavior. If the public heavily favors Winthrop over another team, the line will be adjusted accordingly to encourage betting on the other side. All in all, betting NCAA championship is a game of skill with the point spreads.
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