Caesars is one of the marquee online sportsbooks in the United States, with a robust number of betting markets available and one of the best VIP rewards programs around.
But the Caesars Online Sportsbook’s best asset is its odds, given the fact it will typically give more lucrative numbers than other comparable sportsbooks. This includes spreads, where Caesars will typically offer more favorable options to bettors, especially for NFL games.
Maybe you’re interested in signing up with Caesars but aren’t quite sure how. Or maybe you have an account but have steered clear of spread betting due to the inherent risk. If either is true, we’re here to help.
How to Bet Spreads on Caesars
Here is a look at the steps required to betting on spreads with the Caesars Online Sportsbook.
Step 1: Create an Account or Sign In
Click through our custom link and use the promo code GAMEDAY15 to unlock the sportsbook’s best new-user promotion. Fill in all of your real, accurate information as it is used to affirm your identity. Remember to create a four-digit PIN that speeds up login as well.
If you already have an account then simply log in.
Step 2: Deposit
Add funds to your online account. Use an e-wallet like PayPal or ACH transfer to ensure you can make a digital transfer if/when you wish to withdraw funds.
Step 3: Peruse Odds/Spreads
Click on the sport you wish to wager and take a glance at Caesars’ vast array of spreads and betting markets. Choose the one you wish to bet.
Step 4: Place Your Bet
Placing your bet is as simple as choosing the spread bet you wish to wager, entering the amount you want to bet and pressing “Place Bet."
Step 5: Root for it to Hit
Hope your wager is successful.
What Is Spread Betting on Caesars?
Spread betting is one of the most popular ways to gamble on sports, and betting on spreads at Caesars is like doing so with any online sportsbook. The favored team must cover the spread, or win by a certain amount, and the underdog must lose by less than that number for the bet to cover.
In old-school terminology, bettors wagering on the favorite would “give" or “lay" the number of points on the line. Bettors betting an underdog to cover would “get" or “take" points. In football, if all things are equal, the home team will be favored by three points. In basketball, spreads can vary widely given the potential for blowouts, and the fact even close games are typically decided by more than one possession.
In baseball or hockey the spread is typically 1.5, and the odds are more fluid given the fact that most games are decided by one run/goal.
Spread betting odds are typically -110, which makes them far more lucrative than betting most moneylines, which is why sportsbooks offer spreads in the first place. Given the likelihood of a team to win by at least three points, in the case of a football game, or five-plus in an NBA or college-basketball setting, taking a team to cover the spread at -110 is far more lucrative than betting that team to win at -200.
How Do Caesars Spreads Work?
Caesars has superior spread lines and odds compared to its competition, especially in sports like football where it has a partnership with the NFL. Typically Caesars spreads are standard but tend to be a half-point more favorable for bettors, meaning if the standard line for a football game is -5, Caesars may have it at -4.5 or lower.
With more favorable spreads, bettors are more likely to win by betting favorites to cover the line at Caesars. Plus, betting the spread on Caesars is as easy as placing any other bet on the sportsbook’s platform. You simply peruse the odds, tap the wager you wish to make, add your stake and voila, it’s in.
Caesars Spread Rules
Caesars has some rules about spread betting. Here’s a look at some those below:
- Pushes: In the event of a push, or the favorite winning by exactly the spread number, the bet is voided and the bettor receives his/her original stake back.
- Cash Outs: Caesars lets bettors cash out from parlays and spread bets early if they wish, however when betting with free wagers or credits cashing out will typically lock. If you want to cash out from your bet, you simply click on your “my bets" section and tap the “cash out" button on the screen for the amount you will receive pay out.
Spread vs Moneyline
Betting the spread is different from betting the moneyline in many ways. Moneyline wagers are simply which team will win. Betting the spread means that a team can win its bet by losing by a certain amount or lose its bet by not winning by enough.
Spread betting can sometimes be a way of getting better odds and a more likely outcome on the result you want to root for. For instance, if you’re concerned the Houston Texans won’t be able to defeat the New England Patriots but don’t want to bet on the Patriots, you can wager on Houston to cover the spread and hope it hits. Or if you think the Texans can play with the Patriots but aren’t sure they can win, you can take them to cover.
Underdog vs Favorite
Underdogs, or the team less likely to win on paper, typically will have plus-money odds on a sportsbook’s board or app. They also will be the team with the plus in front of their spread number since they are getting that number of points.
Favorites, or teams that are more likely to win, will usually have minus-money odds and the minus in front of their spread number.
Since betting an underdog to win is a dicey proposition, you can hedge by choosing them to hang tough and beat the spread.
What is an Alternate Spread on Caesars?
Caesars offers alternate lines, or teasers, in most sports, though those are typically more robust for marquee events and sports. Alternate spreads are available for bettors who may not feel comfortable about a team covering a certain spread.
Alternate spreads are typically used as parlay legs, since the odds are less lucrative than betting for/against the regular spread, but they are also available for straight bets as well.
For instance, if the Green Bay Packers are favored by seven points over the Minnesota Vikings, but you aren’t sure the Packers can cover the spread but would trust them to win by at least six, you can take the alternate spread of Green Bay -5.5 at odds like -150. You’d still win if Green Bay covered seven but would make less profit.
If you trusted Green Bay to win by nine or more, you could bet them to cover 8.5 at odds like +130. If the Packers won by nine or more you’d make $130 in profit on a $100 wager.
Caesars offers alternate spreads for NFL games with a sliding scale but does not typically let bettors customize their alternate spreads.
Caesars NFL Point Spreads
Caesars offers point spreads for every NFL game from the preseason to the Super Bowl. We generally do not recommend betting spreads in preseason games, since all sorts of weird things can happen when fifth- and sixth-string players get in games, but if you want a piece of the action, Caesars has it available for you.
Thanks to its partnership with the NFL, Caesars has the best football spreads around and began offering Week 1 spreads the minute the schedule was released. Caesars is an elite option for football betting, especially betting for/against spreads.
Caesars will let bettors wager on Super Bowl spreads from the second they are available and also offers a robust number of teasers, props and other markets for betting on the big game. Bettors who may not want to wager on spreads can bet futures on which team they think will win the Super Bowl year-round.
Spread Bet Strategies
The best strategy for betting spreads is to do your homework. Make sure you’re not betting a team to cover six points when it doesn’t have its two best players. Fortunately, we have analysis for every game every day that will help you get on the right path for your spread betting.
Try not to bet an underdog to cover one point when you could just as easily bet it to win outright.
Be sure to also take advantage of promotions like profit boosts or odds boosts for wagers you’re interested in making anyway. If you aren’t adding those boosts to those bets you’re basically throwing away free funds that can boost your bankroll.
Be sure to peruse multiple sportsbooks for the best NFL odds/spreads you’re trying to bet. However, more often than not you’ll see that Caesars has the best odds and numbers.
Also make sure to consult spreads for live bets, since comebacks can happen and in-game betting can be a great way to get lucrative odds, especially when betting on spreads.
Spread Betting for Beginners
The best way to learn about spread betting is trial and error. Take one team to cover a spread and see if it hits. If it does and you start feeling more comfortable you can do it again and see if it works. Maybe bet an underdog to beat a spread. Then you can dip your toe into teasers, or alternate spreads, and see how that all goes too.
Betting spreads can be really hard, and combining multiple -110 odds wagers is really hard to win — especially in football, where sportsbooks have odds down to a science. So we’d recommend teasing spreads if you’re going to parlay multiple spread bets in a single wager.
Remember to try and have fun. The more you play, the more you’ll be able to learn and the more comfortable you’ll feel. Also, be responsible. We bet to try and win money but mostly to add some juice to the games.
How to Calculate Spread Odds?
Spread odds are usually between -105 and -115, especially for basketball and football. Spread odds of -110 means that a bettor needs to wager $110 to win $100 in profit or will win $90.90 in profit in a $100 wager. Those odds assume that the team favored covering is essentially a coin flip.
Run-lines for baseball, like puck-line spreads in hockey, will sometimes vary widely — sometimes as wide as +200 and -275 for a +1.5 or -1.5 wager — since the run line is almost universally -1.5.
Why Are Spreads a Good Bet?
Spreads are fun and popular, plus betting spreads can be a great way to get value when trying to wager on a team that is a heavy underdog. Or if a team is a large but not overwhelming favorite, say -200 moneyline, betting that team to cover the spread is a good option — especially given the fact that most teams that win will also cover the spread when it is six points or fewer.
Live spread betting can also be a lot of fun, especially in events like the NCAA basketball tournaments or NBA playoffs where comebacks happen all the time. Choosing a team at +15.5 during the second quarter of a blowout is a good way to win a spread bet.
Can Spreads Be a Bad Bet?
Sometimes. Coaches play for their teams to win and not cover spreads, so there is naturally an inherent risk of betting against a fixed number. In certain instances where spreads are very high, betting on huge favorites to cover can be a bad bet. Certain teams play down to their competition, which means betting them to cover is not smart.
When a line is too big one way or the other, it is usually wise to steer clear of betting on it.
What Sports Are Available for Spreads?
A lot, but not all. Golf, motorsports and other individual sports typically do not offer spreads. Tennis will have spreads for matches, but they aren’t as widely bet as spreads for team sports.
In sports like hockey and baseball the spread is almost always 1.5, with fluctuating odds based on the likelihood of a one-run/goal game. Soccer matches typically have 0.5 spreads since draws are always possible — and most soccer bets are made in 90 minutes.
But football, baseball, basketball and hockey all have spreads for every game every night. There are spreads set for all varieties of those sports too, college, minor leagues, games played abroad and many others.
Is There Bet Insurance on Spreads?
Sometimes. Caesars will sometimes offer parlay insurance where bettors receive their initial stakes back if exactly one leg of a parlay does not hit. Since spreads are included in these parlays, bettors can receive bet insurance on these wagers.