Betting on the point spread is the most common way to wager on sports. And the first time you take a favorite that wins the game but doesn’t cover the spread, you’ll understand every bettor. Online & Vegas sports betting odds & lines, betting news & picks for 2021. Covers the most trusted source of sports betting information since 1995. What Is a Backdoor Cover in Sports Betting? A backdoor cover occurs when an underdog is trailing by more than the point spread, and scores meaningless points late in the game to cover the spread. In the case above, the backdoor cover would come by way of Stafford leading the Lions into the end zone to get the score within +6 (30-27). Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with. Get real-time scores, betting lines, and betting odds for all your favorite sports.
Noted as one of the most open and honest sports bettors, Teddy “Covers” Sevransky has been gambling professionally since the 1990s. Teddy offers a pick service to those who are looking to make a few extra dollars in the legal sports betting industry, but his insight into the world of gambling over the past few decades has seemed to be of more value. Sevransky moved to Las Vegas a few years after graduating from the University of Michigan and is now the go-to guy for many media companies who need an experienced face to discuss sports betting as he has worked his way up to one of the most trusted bettors at a $100 million net worth.
Between being featured on “Life on the Line”, “Action”, and ESPN’s 30-for-30 series, Sevransky is known all around the gambling community. He has also been featured in a variety of print coverage from the Boston Globe, New York Times, and Associated Press, to Cigar Aficionado and even Playboy Magazine. But Teddy “Covers” is better known for his time spent in front of the camera on CBS, CNBC, and Bloomberg TV as well as his focus on the details with each and every betting line.
Teddy “Covers” Bets The NFL
Teddy Sevranksy is truly one of the most successful football bettors out there. Teddy reportedly has a 70% win record on all NFL bets from 2001 all the way through 2021. This means that he is correct on his wagers more often than not. Sevranksy’s betting focuses mainly on over/under wagers in which he excels. During the 2018 season alone, “Covers” managed to finish with an over 60% win ratio, allowing him to cash in big on not only games but also earn profit from selling his picks. NFL betting is by far the most bet on sport in the US. Teddy has become one of the main faces of NFL sports betting.
Teddy doesn’t bet on every single NFL game. Most professional sports bettors are the same way. What Teddy does do is trust his numbers and wagers on games he feels the most confident in. His strategy is focusing on morphing teams or teams that play at a different pace than the rest of the league. This allows for anomalies on the football field in which “Covers” takes advantage of. With this strategy, Teddy manages to exploit the betting lines and take home major wins at sportsbooks. If you are going to bet on the NFL, it is a good idea to follow some of Teddy’s advice.
Sevransky’s Advice To Sports Bettors
As many of the famous sports bettors in the nation will tell you, shopping lines is crucial to getting the most for your sports bets. Sevransky will tell you the same. As soon as any lines get posted, Sevrasnksy is checking to see what each sportsbook is offering. Being that he lives in Nevada, he has plenty of options to look out for. While some books may be offering a team at -120 to cover the spread, another sportsbook might have the same team at -110. While it’s a small difference, that difference adds up when you’re betting on sports all year round like Sevransky.
Sevransky heavily researches his picks before making them and urges others to do the same. In order to make sure you’re making the right bets, you not only have to have knowledge about that sport, but individual statistics that are unique to the game you plan on betting on. This could be knowledge on a team’s ranking for certain positions, the weather for the game if it’s an outdoor event, or even which referees or umpires will be officiating the game.
Servrasnky also understands that losing is part of legal sports betting. The key is to win more than you lose. His picks are normally correct 60% of the time. There are strategies to minimize losses like hedging your bets which Sevransky promotes. Sevransky also doesn’t bet on every game, which is a rule that all sharps follow. There are other techniques that professional sports bettors use in order to make the most of bets but many of those tricks are what you get when you pay for Sevransky’s services.
Teddy “Covers” Sevransky’s Pick Service
Today, sports bettors are able to find Teddy and hear his insight from his Twitter page or on several radio shows. Here one will find many picks, analytical advice, and thoughts on certain betting lines before major games. Sevransky is primarily found on Sports Memo, where he has spent over 15 years giving out sports betting advice to listeners. Teddy will give out either 8-star, 9-star, or 10-star pick ratings for certain betting lines with the higher number being the option he is most comfortable with.
The “Big Ticket” is the name he gives 10-star picks which he will announce every 20 or so betting lines. Throughout his career, Sevransky has continued to be accurate with his selections. His reputation for winning at sportsbooks is what brings sports bettors and other listeners to his show, and has allowed him to continue to advise on the best possible betting lines available.
Teddy “Covers” On WagerTalk
Ted Sevransky or as the sports betting community knows him, “Teddy Covers” works as a consultant for WagerTalk which is both a website and show. Covers uses his expertise as a handicapper to produce picks and advice for fans of the show and website and can be sought out for personal sports betting consultations. His style varies but he is very into pinpointing “mophring” teams when wagering on the over/under. While sportsbooks base their long-term projections on current and historical data, singling out this type of team helps to go against the projections for a better pick down the line. These teams are identifiable by factoring their current play stats to where they were at this same time of the season in previous years to see if they line up or not. It’s with this method that Covers comes up with his over/under picks for WagerTalk among other advice and strategies he works to help gamblers with to wager on sporting events.
There are two types of bettors in the sports betting industry and each of them has their own unique way of doing things. Some bettors strictly bet money lines. They say that the winner of the game should be the only thing that matters. However, the majority of the betting industry lives and breathes with betting the point spread on NFL and NBA games. They will tell you there is nothing sweeter than cashing a winning point spread ticket because they were able to “beat the Vegas line”. That’s probably a bit of an exaggeration, but watching your team cover the spread does feel nice.
What Does Cover Mean?
If you hear someone using the term “cover” they are referring to a short form for “cover the spread.” A team can only “cover” when a point spread line is available to bet on. Depending on if you bet the favorite or underdog, covering the spread could mean winning by a certain margin or losing by less than a specific number.
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How to Know If a Team Has Covered the Spread
I will pull no punches here. If you asked a few causal bettors (squares) to describe what it means to cover the spread, you would be shocked at how many of them don’t get the answer right. I’m not sure how this is possible considering they probably enjoy betting on the NFL, but this confusion is just one of the many significant reasons that sportsbooks makes the amount of money that they do.
Let’s use an example from the NFL to help squares understand what it means to “cover the spread.” If the Chicago Bears go into Lambeau Field as seven-point underdogs against the Green Bay Packers, then the Bears would be the “getting” points. This means that if you bet on the Bears, any result other than a loss by eight or more points, would cash your ticket. If you like the Packers, you will be “laying” the points, which means the only way to cash this ticket is if the Packers win by eight or more points – which means they will have “covered the spread.” If by chance the Packers win the game by seven points exactly, the game is deemed a push since neither team covered the spread.
How is Covering the Spread Different fromWinning Outright?
There is a saying amongst bettors that goes like this: “good teams win, great teams cover.” This statement couldn’t be truer. The difference between sharp and square bettors is that they know the only thing that matters in regards to a game is how much a team wins by and loses by. Square bettors tend to think that the better team will cover the spread easily. Sure, they may win the game outright, but teams never concern themselves with how much they win by. The sooner you can understand that concept, the sooner you will be prepared to efficiently bet on the point spread.
The successful handicappers pride themselves on their ability to continuously get better at calculating how much a team should win or lose by. Each of these handicappers has their own unique power rankings/formulas to calculate this data and they trust it more than anything. They also know when the risk is worth the reward, which is vital when betting the point spread since the prices remain relatively the same throughout the year. This means that you would need to hit at around a 52 percent winning clip in order just to break even betting -110 lines.
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