You may have had sports spread betting explained to you by a friend or colleague, and been confused or baffled by it. Spread betting works on a basic principle and has been around for many years, but has recently become popular amongst many sports fans in the UK.
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Sports Spread Betting: Compare the Latest Spreads
If you’re an avid sports fan betting online can be great fun, especially when watching your own team win. Sports spread betting is an alternative way of betting on sports compared to traditional sports books betting. You can bet on many different variables with in a sport. For example you can bet on how many wickets a bowler will get through out a test match or inings, or the number of 6’s in a cricket match. The types of betting is endless; from fixed odds to variable odds betting.
What Can You Spread Bet On?
Start betting today on a wide range of sports including football, cricket, golf, rugby, tennis and even politics. Sports spread betting works differently to normal sports books betting. The spread betting company will first make a prediction on a sportsd event outcome, say the number of corners in a match. You as the ‘better’ decide if you think the outcome will be higher or lower than stated. A correct prediction means you ‘win’, an incorrect one will result in a ‘loss’. The amount that you win or lose depends on two factors, your stake and the amount of increase or decrease. (the difference) between the spread betting provider’s prediction and the actual final result.
A Football Spread Betting Example.
Lets say the spread offered is 10 corners for a 90 minute football match in the champions league final. The spread betting companies will offer a spread between say 9 and 11 corners. If you think there will be more than 11 corners in the match, you BUY and if you predict there will be less than 9 corners you SELL If you decide to stake £10.00 and the number of corners that ocurred in the match is 21, you will win back the difference (which is 21-11=10) multiplied by your stake of £10.00. Your total winnings would be 10 x £10=£100.00. If the number of corners is say 5, then you will lose 9-5=4 x £10 = £40.00.
If you are a new comer to sports betting, It’s advisable to get familarised using one a demo account, where you can bet in a virtual environment. When you are ready, you can then open up a live account and start spread betting on yoru favourite sports.
In Play Betting
In play betting is available on some sports. This is where you can bet on sports during the time the match or game is being played.
Sports Spread Betting Tips
Here are a few tips and strategies for sports spread betting.
- If you are new to spread betting, sign up for a demo trial account and get to know the ropes, before jumping into a live betting enviroment
- Ensure you use stop losses on your first few bets, to minimise your losses if the result goes the other way.
- Do you research and bet on a sport you know well.