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What is the spread in sports betting?
The -3 points is the spread.
The spread at -3 suggests the teams are fairly equal and maybe in this case, the Colts are only -3 because they are playing at home.
Bookmakers see these teams as equal and expect to receive fairly even money from bettors.
In the above example, a Colts moneyline bet doesn't have any other requirements other than they win the game.
While betting the Colts moneyline leads to a smaller payout, an underdog moneyline bet on the Texans would yield more money because you'd get money on them winning the game straight up.
In a spread bet, even if the Texans won straight up, you'd still only win the bet because they lost by less than three points.
For spread bettors that are located in Ohio, you can wager as of January 1, 2023.
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