Sports Betting
What is an Alternate Spread?
There are lots of different betting options at online sportsbooks and betting on the spread is a popular choice. This is where you bet on how many points a team will win by. So, what is an alternate spread?
An alt spread/alternative spread allows you to move the points in a point spread, in a direction to suit you. Some people choose to move them to make the bet easier to win, others move them to make the payout higher.
We’re going to take a look at exactly what an alternative spread is, as well as their unique benefits and drawbacks. Plus, how you can use an alternative point spread to your advantage.
How Alternate Spreads Work
The sportsbook always sets the spread. They’ll set one that’s possible for both teams, usually giving similar odds for either side of it. The spread alternate lets you, in effect, change the goal posts. You can move the spread up or down as you see fit, but remember, it will affect the odds. Sometimes, the best way to understand exactly how the alternate spread works, is to see an example. So let’s work one out.
Alternate Spread Example
Now that you know the meaning of an alternate spread, it’s time to work out an example. Let’s look at it in the context of basketball.
The sportsbook has set the point spread at +2/-2 for the Golden State Warriors and the Boston Celtics. A bet for the Boston Celtics at -2 would give you odds of -135, not bad, but an alternate point spread would be better!
You think the Boston Celtics actually stand a good chance of winning, perhaps even by much more than 2 nets, so you decide to bet on the alternative point spread.
You think the Boston Celtics will easily win by 4 nets, so you change the point spread to reflect that. Now, your odds are -220. If they do it, your profit has gone from $135 on a $100 bet, to $220 on that same wager.
What Types of Bets Offer Alt Spreads?
While we’ve focused on the point spread so far, there are plenty of other types where you can use an alternate spread. Let’s take a look at them.
- Totals: how many points/goals will be scored in total.
- Puck Lines: like a point spread but specific to the NHL.
- Run Lines: like a point spread but specific to MLB.
- Goal Lines: like a point spread but specific to soccer.
Advantages and Disadvantages of Alternate Spreads
As with anything in betting there are always pros and cons. Let’s take a look at what they are when it comes to alternate spreads.
Pros:
- Can be used to increase the safety of a bet
- Can be used to increase the payout of a bet
- Available on all major sportsbooks, including Fanduel and Draftkings
Cons:
- Can decrease the chances of winning a bet
- Sometimes odds changes don’t accurately reflected chances
Tips for Using Alternate Spreads
Whether you’re using the alternate spread for football, basketball, hockey, or any other sport, there are some tips that you need to keep in mind!
- Research Thoroughly: a well-informed bet is always the best kind of bet to make and this is even more true in the case of alt spreads.
- Adjust Conservatively: the point spread is set where it is for a reason, be conservative with how much you alter it if you want to make safer bets.
- Bet Within Your Means: Never bet with more than you can afford to lose.
- Study Points: If you’re betting on totals then consider particularly high and particularly low scoring teams.
With a decade of experience in the sports betting industry, Claudia can spot a value bet from a mile off. She prides herself on not just being a sports writer, but a fastidious researcher too.
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