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1.
When there is no favorite team (both teams are considered to have an equal chance of winning the contest) the 'point spread' is a 'PK' ('Pick' or 'pick'em') in which case there is no point spread. In a 'PK' you may wager on either team to win risking $110 to win $100. If the team wagered upon wins, your wager is a winner.
-"whats the point spread?"
*"there is none, it's a pick em"
by x February 01, 2004
 
2.
An event, usually occurring in Physical Education. Used to select teams for recreational sports in class. A captain is usually selected for each team, and they pick a player to join their team. The more popular or more athletic students are usually picked early, while the unfit and unpopular are usually picked last. Nobody EVER wants to be picked last, as it is seen as demeaning.
Joe: Did you hear the big news?
Jack: We play dodgeball in gym today.
Joe: Oh yeah?
Jack: And that's not all, we had a pick'em, and when it came down to either picking that dorky John kid or that fat Jim kid, Jim shit himself, and Johnny fainted!
Joe: Well, I sure hope I'm not picked last!
by Corn Flake September 16, 2006
 
3.
When neither team is favored. Also called a "pick" in sports betting terms.
The odds on Giants v San Francisco, is a pick-em.
by usmc65 January 17, 2012