SPREAD BETTING on SPORTS
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SPORTS SPREAD BETTING
Sports Spread Betting is an exciting betting option where you can be rewarded for your handicapping skills.
Think the sportsbooks are way off with their handicapping? Then back yourself with spread betting and clean-up!
(Warning - losses may also be multiplied if you are way off!)
What is Spread Betting?
Spread Betting is an unfixed bet type that enables the punter to predict an outcome of a match or event and back their judgement against the "Spread" quoted by the sportsbook.
The "Spread" is a scoring range created on a specific event or match. If you believe this spread is too high or too low you buy or sell accordingly.
Buying: If you believe the Spread is too low then you "buy" meaning that for every point over the spread the result is, you win (or lose) by multiplying your stake by the difference between the top of the spread and the result.
Selling: If you believe the Spread is too high then you "sell" meaning that for every point under the spread the final result is, you win (or lose) by multiplying your stake by the difference between the bottom of the spread and the final result.
Take a Rugby International game played between Australia and England in Sydney. Our quote is: Australia / England 7-9. In this case Australia are first named because they are regarded as the favourites to beat England, by a margin of between 7 and 9 points. Your options are: ·
If you expect Australia to triumph by more than 9 points, you buy at 9, stating your unit stake.·
If you think Australia's winning margin will be less than 7 points, or fancy England to win, you sell at 7.
Now consider these example outcomes:
Example 1: Australia beat England 35 to 3. Australia’s winning margin is therefore 32.
If you bought at 9, for $10 a point, you have won: 32 minus 9 = 23 x $10 = $230.
If you sold at 7, for the same unit stake, you have lost: 32 minus 7 = 25 x $10 = $250.
Example 2: England beat Australia 14 to 12. Australia's winning margin is therefore -2.
If you bought at 9, for $10 a point, you have lost: 9 minus -2 = 11 x $10 = $110.
If you sold at 7, for the same unit stake, you have won: 7 minus -2 = 9 x $10 = $90.
Highly recommended Spread Betting Sportsbooks