Earth is not a perfect sphere. As Earth spins, gravity points toward the center of our planet (assuming for explanation's sake that Earth is a perfect sphere), and a centrifugal force pushes outward. But since this gravity-opposing force acts perpendicular to the axis of Earth, and Earth's axis is tilted, centrifugal force at the equator is not exactly opposed to gravity. This imbalance adds up at the equator, where gravity pushes extra masses of water and earth into a bulge, or "spare tire" around our planet.