text: February 25, 2014 - JR Pro
  The Point spread id the most commonly used type of betting. In this bet, you will have to choose which team you think will win, and how much they'll win by. If they win at least that much, you win the bet. Or, you can pick the losing team, and specify how close they'll be to the winner. If they are within the margin you choose, you win the bet. The favorite is indicated by a negative sign next to their name while positive sign for the underdog. For example, in 2010 the Indianapolis Colts were the favorites over the New Orleans Saints by a 6.5 point spread.
  If you bet on the Colts, they had to win by 7 points in order to win the bet. If the Colts won by 6 or less, the bettor who bet on the Saints won the bet.
  The most common format is the money line format where numbers are written as greater than 100 or less than 100. If you see a positive "+" sign behind the team names, it means the underdog. And that shows the amount you will get if you place bet in underdog and win. For example, +300, you will receive $ 300 if you bet $ 100 and won the bet. These bet is quite risky since the chance of them winning are lower. While the number with a "-" in front of it, represents the favourite, and shows the amount you have to wager to win $ 100. For example, a -300 would mean you have to bet $ 300 to win $ 100 income. Since the chances of them winning are greater, this type of bets has a small risk/ reward.
  Now that you clearly understand the type of bets such as the point spread and money line, and now able to read the Super Bowl betting odds, it's time to place your bets! Have fun!