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Think about the odds available, and the likely outcome of any game or race. By betting on a random teams or horse to win, you will probably have a 45/55 chance of cash at all .. For instance, if the actual chances of winning are evens, the payout will be an individual.90, or 9/10. This is simply so that the betting agency makes a little bit, which is fair enough. So over the long term, if you just bet even stakes on random teams or horses you are destined to shed.

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The point spread can be a way of handicapping the favorite. If without a doubt on the favourite this makes sure that you will betting not only the that they will win but that the win get by above the spread. If you are betting on the underdog then can win if they do, or if they lose but the favourite doesn't win by a significant enough mark up.

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