Definition: Used to even the odds of a particular sporting event. Each team has points either added to its score, or subtracted from its score, to determine if the bet is a winner.

 

Example: The sportsbook set the point spread at 7 for the Patriots vs. Eagles in the Super Bowl. The Patriots are favored so they will be listed with a -7. The Eagles will be listed with a +7. If Leo bets on the Patriots, then he does not win his bet since after deducting 7 points from the Patriots final score, it would appear that the Eagles won. If the Patriots won by more than 7 points, then Leo would win his bet.