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It's most often used in NFL and college football betting, as well as NBA and NCAA basketball. 5, meaning oddsmakers expect them to win by one or more points. You also need to understand how odds work in point-spread betting. It is a price that the sportsbooks charge to bet into this market and is similar to the rake in poker. How is a point spread determined? Location of the game (home-field advantage)InjuriesWeather It happens when the spread that you bet against finishes as the exact margin of victory (for example, you bet New England -7 and they win by exactly 7 points). What does PK or pick 'em mean? PK or pick 'em means that there isn't a spread because the teams are so evenly matched. faux saint laurent bag