In detail, the bar helps establish the value of a bet, often represented as a specific point spread or moneyline. For example, if a sportsbook sets the bar at -110 for a point spread, this means that a bettor must wager $110 to win $100. The bar can vary based on the game’s perceived competitiveness, influencing the odds offered by different bookmakers.
Bar Example
For example, if a basketball game has a bar set at a point spread of -5.5 for Team A against Team B, it indicates that Team A is favored to win by at least 6 points for a bet on them to be successful.