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WagerWire Academy — 8/18/23

WagerWire Academy: Cover

By 
@wagerwire
WagerWire Contributor

Cover

The term "cover" holds significant relevance as it pertains to the outcome of a wager, particularly when dealing with point spreads. When a team "covers the spread," it implies that they have outperformed the expectations set by oddsmakers or bookmakers regarding the margin of victory.

Point spreads are a common method used to balance the perceived strength differential between opposing teams in a sporting event. The favorite is expected to win by a certain number of points, while the underdog is given a corresponding points advantage. Betting against the spread involves predicting whether a team will exceed this predicted outcome.

To cover the spread, the favored team must secure a victory by a margin greater than the specified point spread. This means they not only need to win the game but also need to do so by a sufficient number of points to account for the spread. On the other hand, the underdog can cover the spread by either winning the game outright or losing by a margin less than the point spread.

For bettors, successfully predicting whether a team will cover the spread is crucial for a winning wager. It adds an additional layer of complexity and strategy to sports betting beyond simply choosing the winning team. Understanding a team's strengths, weaknesses, recent performances, and other relevant factors becomes essential for assessing their potential to cover the spread.

In summary, "covering the spread" is a pivotal concept in sports betting, representing a team's ability to surpass expectations set by oddsmakers. It requires an astute analysis of both teams' capabilities and provides bettors with a diverse range of betting options that extend beyond predicting the outright winner of a game.

Fun Fact: The point spread was by legendary sports bettor Charles McNiel. McNiel was JFK's math teacher and inducted into the Sports Gambling Hall of Fame in 2023.