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Here is an outline from SportsLine for understanding basic terms and concepts in the sports wagering industry:. Perhaps the most common question newcomers have when they see sportsbook odds is, "What do the numbers mean? While the plus and minus signs might look confusing at first, they are easily explained. Take the following listing you might see in a sportsbook:. In this example, the Giants are three-point favorites against the Cowboys. The spread is essentially a mathematical formula used to bridge the talent gap between teams and incentivize potential bettors into considering both sides. The spread is a handicap that requires the favored team to win the game by an ascribed number of points in order for the bettor to win his wager on the team.

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