A point spread is one of the most popular ways to bet on football and basketball. Instead of simply predicting which team will win, point spread betting asks whether the favorite can win by more than a set margin—or whether the underdog can stay within that margin.
Sportsbooks assign the favorite a negative spread, such as -6.5, while the underdog receives the opposite number, +6.5. If you bet the favorite at -6.5, the team must win by at least seven points for your bet to win. If you take the underdog at +6.5, your bet wins if the team wins outright or loses by six points or fewer.
By adding a handicap to the game, sportsbooks create a more balanced betting market even when one team is considerably stronger than the other.
How Point Spreads Work
Suppose the Kansas City Chiefs are -3.5 against the Denver Broncos.
A bet on Chiefs -3.5 requires Kansas City to win by four or more points. If the Chiefs win 27-20, they cover the spread and the bet wins. However, a 24-21 Chiefs victory would not cover because Kansas City won by only three points.
A bet on Broncos +3.5 works in the opposite direction. Denver can win the game outright or lose by three points or fewer and still cover the spread. In a 24-21 Chiefs victory, a Broncos +3.5 bet would therefore win.
The signs make it easy to identify each side:
Negative spread (-): The favorite must win by more than the listed margin.
Positive spread (+): The underdog can win outright or lose by less than the listed margin.
Half-points are common because they prevent a push, which occurs when the final margin lands exactly on the spread. For example, a -3 spread can push if the favorite wins by exactly three. At -3.5, the bet must produce either a win or a loss.
How to Read Point Spread Odds
A typical point spread market might look like this:
Chiefs -3 (-110) / Broncos +3 (-110)
In this case, bettors are paying a higher price to back Kansas City at -3, while Denver offers plus-money odds at the same spread.
Calculate Your Spread Bet
Use the calculator to enter your stake and American odds to estimate your potential profit, total payout, and implied probability.





