The spread is the betting line or handicap set by oddsmakers to even out the playing field between two teams in a particular game. Understanding Point Spread Betting The Spread If the bettor is correct, he or she will win an amount based on the odds of the wager (along with the return of the initial stake). In this type of bet, the oddsmakers set a line or a point spread, which is a handicap that the favorite team must overcome in order to win the bet.īettors then choose which team they think will cover the spread, meaning they believe the favorite will win by more than the set spread or the underdog will lose by less than the set spread. Point spread betting is a popular form of sports betting that allows bettors to wager on the margin of victory for a particular team.