what does a cover bet mean
In the context of gambling the most popular use of cover is in sports betting and it means to make good on a bet. Derived slang from the 1980s.
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It is often used by teenagers as a one-word response like yep to sound really cool.
. For a favorite to cover it has to win by more than the spread. The betting result on a point-spread wager. The bet here is the fallacy called Pascals Wager after the philosopher who wrote about it.
Thus cover in betting refers to cover the spread -- when a team wins for its bettors after the application of the point spred. Cover bets Insurebets name depends upon the bookie always just pay your stake back if 2nd3rd4th depends upon the market Bet365 also do place-only bets dont confuse the two. Cover in betting can refer to covering a bet which means having enough money to pay out on a bet.
What Does Covering the Spread. In this case you would have to. It says that you might as well bet that God exists because if He does then you win and winners dont have to pay anything.
In response to a statement. Bet is a shortened version of you bet or bet on it which is used to answer in the affirmative to a question or suggestion. An underdog covers by winning outright or.
Many are the bad beat stories from otherwise meaningless plays in long-decided games swinging the betting outcome. If the opposite happens the underdog wins with the additional points given. The term is a shortened version of you can bet on it which is a phrase used to communicate that something is a sure thing or a.
And if God doesnt exist then theres nobody to pay. In this space well cover what the point spread is how it works and other minutiae surrounding the most popular form of sports betting. Cover in betting can also refer to make a cover bet which involves covering the outlay of a risky first bet with another bet to guarantee a profit.
In sports betting to cover the spread means to win a point spread bet. When a spread is created it goes beyond classifying a team as either a favorite or an underdog. What Does Cover the Spread Mean.
What does it mean to cover the spread. Slang for Fa sho which is slang for For sure. A handicap of the point spread value is given to the favourite team so bettors can choose sides at equal odds.
The Lakers are the favorite over the Spurs by 5 points. Cover the spread means that a favourite wins an event with the handicap taken into account or the underdog wins with additional points. After the game goes final the bookmaker will add the point spread if an underdog or subtract the point spread if a favorite to determine the winner of the bet.
Now we can define what Cover The Spread means which is when the favorite wins the event by more than the point total given by the lines makers. Philadelphia Eagles -200 New York Giants 150 The team with a minus symbol is the favorite and the number is how much money you would need to bet to win 100. When two teams match up one is an underdog and one is a favorite.
A handicap of the point spread value is given to the favourite team so bettors can choose sides at equal odds. Cover bets can be very good value and Bet365 often get their pricing wrong IMO. Good luck getting any serious money on with them.
More specifically cover usually refers to a point spread win. This SI Gambling 101 feature explains what it. Margin betting does not involve the bookmaker handicapping one team or player.
For example in the NFL the Dallas Cowboys are Favored at -3 over the Philadelphia Eagles. So the Lakers must beat the Spurs by 5 points to cover the spread. But at the end of the day bettors enjoy spread betting so its a staple of the industry.
This is how it will be written out in a Sportsbook. Cover the spread means that a favourite wins an event with the handicap taken into account or the underdog wins with additional points. Which means Sure or Okay.
May 14 2020. There are more similarities between line betting and handicap betting in particular Asian handicap betting where the draw is eliminated as these bet types involve the bookmaker handicapping a team to even the contest and make the betting market more appealing. Its what oddsmakers come up with to determine the winner and margin of victory of a game.
When a team won the bet it is said that the team covered the spread. If a team were a 3-point favorite which means that the bettor would spot the opponent three points the favorite would need to win by four or more to cover the spread. When two teams match up one is an underdog and one is a favorite.
Simply put covering the spread is the goal of every bettor who has placed a point spread bet. To cover a bet means have the money to pay if you lose. If you bet on Green Bay at -105 they not only must win the game but must do so by at least 11 points or you lose the bet.
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