how to bet spread on draftkings
How to Bet Spread on DraftKings
To place a spread bet on DraftKings, follow these steps⁚
- Log in or sign up⁚ Access your DraftKings account or create one if you haven’t already.
- Choose your sport⁚ Select the sport you want to bet on from the available options.
- Find your game⁚ Browse through the listed games and select the one you are interested in.
- Select the spread⁚ Locate the spread bet option and click on the spread you want to wager on. It will be added to your betslip.
- Enter your bet amount⁚ Input the amount of money you want to wager on the bet.
- Review and confirm⁚ Double-check all the details of your bet, including the selection, the spread, and the bet amount. If everything looks good, confirm your bet.
Once your bet is placed, you can track its progress and potential payout on your betslip. Good luck!
Understanding Spread Betting
Spread betting, also known as handicap betting, is a popular way to wager on sports. Unlike traditional moneyline bets where you simply pick the winner, spread betting involves predicting the margin of victory or defeat. Here’s how it works⁚
The Spread⁚ Oddsmakers assign a point spread to even out the playing field between two teams, especially if there’s a perceived difference in skill level. The favorite is indicated by a minus (-) sign, while the underdog has a plus (+) sign.
Example⁚ Let’s say the Kansas City Chiefs are a -7 point favorite against the Las Vegas Raiders. This means the Chiefs need to win by more than 7 points for a bet on them to win. Conversely, the Raiders could lose by less than 7 points (or win outright) for a bet on them to be successful.
Covering the Spread⁚ If the Chiefs win by exactly 7 points, the bet is a “push,” and you get your original wager back. A push is essentially a tie.
- Spread betting considers the margin of victory, not just the winner.
- The point spread aims to create a 50/50 betting proposition on both teams.
- Understanding the spread is crucial for making informed spread bets.
DraftKings Spread Rules
While spread betting concepts are generally universal, DraftKings has specific rules that govern their spread bets. It’s essential to be familiar with these rules before placing your wagers⁚
Pushes⁚ In a spread bet, a push occurs when the game’s outcome lands exactly on the spread. For example, if a team is favored by -3 points and wins by exactly 3 points, the bet is a push. In this case, you get your original wager back, and neither side wins nor loses.
MLB Full Innings⁚ For MLB spread bets, the game must go for a minimum of 9 innings (or 8.5 innings if the home team is leading) for the bet to have action. If a game is called early or ends prematurely, specific rules might apply, so check the terms and conditions.
Cash Out Availability⁚ DraftKings offers a cash-out option for certain spread bets, allowing you to settle your bet before the game ends. The cash-out amount will vary depending on the current score and the time remaining in the game.
Understanding Odds and Payouts⁚ DraftKings typically uses American odds for spread betting. Odds of -110 mean you need to bet $110 to win $100 (plus your original stake back). Odds can fluctuate٫ so pay attention to the odds displayed at the time of your bet.
Always Review House Rules⁚ It’s recommended to review DraftKings’ complete house rules and terms and conditions regarding spread betting, as they can change from time to time.
Strategies for Spread Betting on DraftKings
Successful spread betting requires more than just picking a team; it involves strategic thinking and careful consideration. Here are some strategies to employ on DraftKings⁚
Shop for the Best Lines⁚ Don’t settle for the first spread you see. Compare odds across different sportsbooks, as even small line differences can impact your potential winnings. DraftKings might offer a more favorable spread for a particular game compared to other platforms.
Analyze Team Performance and Matchups⁚ Research team statistics, recent performance, head-to-head records, player news (injuries, suspensions), and any other relevant factors that could influence the outcome of the game and the point spread.
Consider Home-Field Advantage⁚ Home teams often perform better, and oddsmakers factor this into the spread. However, assess the actual impact of home-field advantage for the specific teams involved, as it can vary.
Look for Line Movement and Reverse Line Movement⁚ Observe how the spread changes in response to betting patterns. Reverse line movement (when a line moves against the public betting trend) might signal sharp bettors are backing the less popular side.
Manage Your Bankroll⁚ Only bet what you can afford to lose, and don’t chase losses. Develop a bankroll management strategy to help you stay disciplined with your wagers and avoid overspending;
Managing Your Bankroll
Responsible gambling goes hand in hand with successful spread betting. Effectively managing your bankroll is crucial for long-term enjoyment and minimizing potential losses. Implement these practices to bet responsibly on DraftKings⁚
Set a Budget⁚ Determine a specific amount of money you’re comfortable wagering before you start betting. Treat this budget as an entertainment expense, not a guaranteed source of income. Only deposit what you can afford to lose.
Establish Unit Size⁚ Divide your bankroll into smaller units, typically 1-5% of your total budget. Each bet you place should be a single unit or a fraction thereof. This approach helps standardize your wagers and prevents you from risking too much on any single bet.
Avoid Chasing Losses⁚ It’s tempting to try to win back losses by placing bigger bets, but this can quickly deplete your bankroll. Stick to your unit size, even after a losing streak. Don’t let emotions dictate your betting decisions.
Track Your Bets⁚ Keep a detailed record of all your bets, including the date, event, type of bet, spread, amount wagered, and outcome (win, loss, push). This log provides valuable insights into your betting habits, strengths, weaknesses, and overall profitability;
Know When to Stop⁚ If you’re on a winning streak, it’s tempting to keep betting. However, it’s equally important to know when to walk away. Set win limits alongside loss limits. Take breaks from betting, especially if you’re feeling overwhelmed or emotional.
Utilizing DraftKings Resources
DraftKings offers a range of resources designed to enhance your spread betting experience and provide valuable insights for making informed wagers. Take advantage of these tools to improve your chances of success⁚
Stats Hub⁚ Explore comprehensive statistics, historical data, and performance records for teams and players. Analyze head-to-head matchups, recent form, player news, and other relevant information to identify potential betting opportunities and make data-driven decisions.
Betting History & Results⁚ Review your past bets, including wins, losses, pushes, and amounts wagered. This history helps identify patterns in your betting behavior, preferred bet types, and sports or events where you tend to perform well.
Live Odds & Lines⁚ Stay updated on real-time odds fluctuations, line movements, and injury reports. Monitor how odds change in response to news, events, or betting action to capitalize on favorable lines and potentially find value bets.
Educational Content⁚ Access articles, guides, and tutorials on various sports betting concepts, including spread betting basics, strategies, and risk management. Expand your knowledge and develop a deeper understanding of sports wagering.
Customer Support⁚ Reach out to DraftKings’ customer support team for any questions or concerns regarding spread betting, account management, or platform features. Utilize their expertise to resolve issues promptly and ensure a smooth betting experience.