Push Meaning Gambling
What does push mean in sports betting? A push in sports betting occurs when the point spread or point total hits the exact number in which you bet. For example, you can bet the Dallas Cowboys as a -7 point favorite to beat the Green Bay Packers or the Packers as a +7 point underdog. Most often, a push occurs when the final score of a matchup has the same differential as the listed point spread, or the aggregate score equals the listed over/under line.
There are two types of bettors in the sports betting industry and each of them has their own unique way of doing things. Some bettors strictly bet money lines. They say that the winner of the game should be the only thing that matters. However, the majority of the betting industry lives and breathes with betting the point spread on NFL and NBA games. They will tell you there is nothing sweeter than cashing a winning point spread ticket because they were able to “beat the Vegas line”. That’s probably a bit of an exaggeration, but watching your team cover the spread does feel nice.
What Does Cover Mean?
If you hear someone using the term “cover” they are referring to a short form for “cover the spread.” A team can only “cover” when a point spread line is available to bet on. Depending on if you bet the favorite or underdog, covering the spread could mean winning by a certain margin or losing by less than a specific number.
How to Know If a Team Has Covered the Spread
I will pull no punches here. If you asked a few causal bettors (squares) to describe what it means to cover the spread, you would be shocked at how many of them don’t get the answer right. I’m not sure how this is possible considering they probably enjoy betting on the NFL, but this confusion is just one of the many significant reasons that sportsbooks makes the amount of money that they do.
Let’s use an example from the NFL to help squares understand what it means to “cover the spread.” If the Chicago Bears go into Lambeau Field as seven-point underdogs against the Green Bay Packers, then the Bears would be the “getting” points. This means that if you bet on the Bears, any result other than a loss by eight or more points, would cash your ticket. If you like the Packers, you will be “laying” the points, which means the only way to cash this ticket is if the Packers win by eight or more points – which means they will have “covered the spread.” If by chance the Packers win the game by seven points exactly, the game is deemed a push since neither team covered the spread.
How is Covering the Spread Different fromWinning Outright?
There is a saying amongst bettors that goes like this: “good teams win, great teams cover.” This statement couldn’t be truer. The difference between sharp and square bettors is that they know the only thing that matters in regards to a game is how much a team wins by and loses by. Square bettors tend to think that the better team will cover the spread easily. Sure, they may win the game outright, but teams never concern themselves with how much they win by. The sooner you can understand that concept, the sooner you will be prepared to efficiently bet on the point spread.
The successful handicappers pride themselves on their ability to continuously get better at calculating how much a team should win or lose by. Each of these handicappers has their own unique power rankings/formulas to calculate this data and they trust it more than anything. They also know when the risk is worth the reward, which is vital when betting the point spread since the prices remain relatively the same throughout the year. This means that you would need to hit at around a 52 percent winning clip in order just to break even betting -110 lines.
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You may be confused as to what that means. For years it was a battle cry amongst my roommates and me, particularly during football season, and when you got to yell it, chances were you were buying drinks that night. But what does it mean, and what’s a parlay?
What is a Parlay?
A parlay is a type of sports bet in which you combine multiple individual bets (typically 2-10 bets) into one bet or “card.” Combining the bets gives you worse odds to win, but a larger reward for winning. The larger the amount of wagers included in your parlay, the larger the payout.
In order for a parlay bet to win, you must win each individual bet on the card. For instance, let’s say I bet the Patriots, the Ravens and the Texans all to win their games on any given Sunday. If all three win, I will get a much larger payout than if I just bet each game individually. However, if any of those teams lose their bet, the entire card is lost.
The only exception is in the case of a “push,” which is the gambling term for a tie. If one of the games on the card pushes, that wager is removed from the parlay. So, in the case of our three team bet above, if the Ravens tied their game, it becomes a two bet parlay. If the Patriots and Texans then win their games, the bet pays out as a 2 team parlay. The payout will be smaller than if they all three won, but hey, you still win some money!
While the odds of winning large parlays (5-10 wagers combined) are relatively low, they allow you to risk a small amount of money for a potentially large reward. For instance, a 10 team parlay bet purchased for $25 would pay out over $16,000 if you won every game.
Now that you understand the basics, let’s look at what kinds of bets you’ll be pairing together to make your fortune!
Types of Parlays
Over/ Unders
Over/Under bets (or bets on the “total) are wagers made on the total amount of points that will be scored during any given game by both teams. The sports book sets the “line,” which is the number you will be basing your decision on. You bet on whether you think the total amount of points scored will be over or under that number.
Over/Under, or Totals, bets are very common in betting parlays because they allow you to make multiple bets on the same game. A common strategy is to bet which team you think will win, and then parlay that bet with whether you think the game will go “under” or “over.”
So, let’s say your Uncle Tony got a tip that Aaron Rogers has a secret shoulder injury, and it will be difficult for Green Bay to throw the ball. The line is set a 53.5. Plus, they are playing the Browns, so you still think they will still win. You may want to bet Green Bay and the under. So you are betting that Green Bay will win the game, but it may be lower scoring due to the injury, and thus the total points scored by both teams will be less than 53.5.
You may have noticed the half a point I included in the example above. In sports betting these half points are called “the hook.” The sportsbooks use half points for most bets, especially over/unders, which limit the opportunities for a push. They “hook” bettors into one side of the bet or the other.
Point Spreads
Point Spreads, commonly referred to just as “the spread,” are what makes sports betting interesting. Without them, we could all just bet the favored team every week, make a lot of money and break Vegas within a month.
A point spread evens the playing field between teams by taking points from the favored team and giving them to the underdog. So, for instance, the Chiefs are playing the Colts in what is expected to be a tightly contested game. The Colts are favored to win by a field goal.
On the sportsbook board, or the betting site, this would look like “Colts -3” or “Chiefs +3,” depending on which side you wanted to bet. So, if you bet the Colts -3, but the Colts win by 1, you actually lost that bet by 2 points. If you bet the Chiefs +3, congratulations, you won!
How many points the underdog gets, or the size of “the spread,” depends on how mismatched the teams are. In the NFL, the spread rarely goes about 13.5 or so, but in sports like college football, you routinely have teams cover 60 point spreads.
While the point spreads themselves add a degree of complication to the bets, there are additional options that can really add to the fun. They’re called Teasers and Pleasers—my heart rate picks up a little just typing those words out for you!
Teasers
As far as I’m concerned, Teaser parlays are the greatest thing to happen to sports betting since the invention of the online casino. A teaser bet allows you to move that point spread that we discussed above in a way that’s favorable to you, the bettor (typically between 6 and 7.5 points). You get less of a payout if you win a teaser parlay, but it does improve your odds of winning.
So, in the example of the Colts and the Chiefs above, we had the Colts favored by 3 points. If you “teased the line” 6 points, then you’d move that Colts spread from -3 to +3.
You add 6 points to the spread that’s already given. Now you have a bet on the team that’s already favored, and now you win your bet whether they win outright as is predicted, or if they lose by less than 3. I like your chances!
What’s even better is that you don’t have to just tease the point spread, you can tease the total or over/under as well! So, if the point spread was 53.5 as it was in our example earlier, you could tease that line all the way down to 46.5 (7 point teaser), and then bet the over. Or, you could bet the under by moving the over/under up to 60.5. Like taking candy from a baby.