What Does Covering the Spread Mean? “Covering the spread” is another way to say that a team won a point spread bet. In the above example, the. The Spread or “handicap” exists to even the playing field, and by doing so makes picking the outcome of the bet more difficult. Oddsmakers will install what's known as a “point spread” to level the field between the two teams. The spread is basically an estimated margin of victory, i.e. FANDANGO ATLANTA

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