At -4.5, they need to win by five or more points. For a bet on Alabama to win, they must win the game plus do so by a number that exceeds 4.5 points. LSU is at +4.5, meaning they are 4.5-point underdogs. Alabama is at -4.5, which means they are 4.5-point favorites. The above example is an example of a point spread. One team is favored by that amount, while the opponent is an underdog by that same number. It’s a number that is applied to both teams in a game. Standard college football betting revolves around a point spread. Note: If you came here looking to find out where you can bet college football games online, check out our best sportsbooks page. It’s really as simple as learning two basic concepts – the point spread and money line. To become a winner will take a lot more knowledge and dedication, but simply understanding how college football betting odds work is a breeze. Once you understand what the point spread and the money line are all about, you will be ready to be turned loose to bet on college football. It’s one of those things where after you learn it, you’ll be thinking, Was that all there was to it? It’s really that easy. But understanding how college football betting odds work is a real walk in the park. If you want to bet on college football, the odds may be slightly confusing or off-putting. How NCAA Football Betting Odds Work – Understanding the Betting Lines