Another common type of bet is a point spread bet. When betting on a spread, you are betting on a team’s margin of victory rather than the final result.
A favorite is designated by a minus symbol, while a plus symbol defines an underdog. For example, if a team is priced at -7.5, they must win by more than 7.5 points.
In this case, the opposing team would be priced at +7.5, meaning they must either win the game outright or lose by fewer than 7.5 points.