NFL Point Spread betting is a more complex variation of the NFL Moneyline. Point spread betting incorporates detailed odds that are based on in-depth sports analysis. The spread bet is the most popular way to read and bet on NFL Odds. It's also known as 'handicap betting' and can be referred to as 'betting the spread' or, in the event of a payout, 'beating the spread'.
Point Spreads are written as:
Patriots -7.5 (-110)
Dolphins +7.5. (-110)
Here, the Patriots need to win by at least 8 points (more than 7.5) for a bet on the Patriots to pay out. However, the Dolphins only need to not lose by 8 points or more for a bet on the Dolphins to pay out.
Typically, NFL Odds in an NFL Point Spread are given in a standard - 110 format, which indicates the 'juice' kept by sportsbooks.
Unlike the example above, some spreads are represented by whole numbers, like +/- 8. In the event of a tie with a whole number, a 'push bet' happens, which means the bet is void and wagered money is returned.