Sports Spread Betting: FAQ[ 14.09.16 ]
About spread betting
The bookmaker makes a betting prediction based on a number of important factors. The bettor then decides whether the prediction is over- or underassessed. Sometimes, you can see that a bookmaker’s prediction comes in a form of a range. This range is called a “spread.” The bettor can bet that the outcome will be less than the first value (Sell bet) or more than the second value (Buy bet) of the range. It’s like someone is asking you to guess their age. In this case, you may say “Somewhere between 35 and 38 years.” Spread betting works exactly the same. If you had to make a prediction, you would bet that the person is younger than 35 (Sell betting) or older than 38 years (Buy betting).
Winning and losing in sports spread betting
In sports spread betting, the amount of money you may win or lose depends on whether you made a correct prediction or not. For example, a bookmaker predicts the time of the first goal in Chelsea – Manchester United match. Suppose, the bookie predicts that the goal will be scored on the 36th minute. Then the spread will look like 35-37.
Bettor 1 thinks that the score will be opened before the 35th minute (LOW/Sell), while Bettor 2 expects the first goal to be scored after the 37th minute (HIGH/Buy). If either team scores the first goal on the 25th minute, Bettor 1 will win and make 10 times their original bet (35th minute – 25th minute = 10 minutes). At the same time, Bettor 2 will lose 12 times their initial bet 12 (25th minute – 37th minute = -12 minutes).
Spread betting: risky deal?
If you’re placing small bets, sports spread betting may become your opportunity to lock in pretty good profits. The more accurate your prediction, the more money you will make. But the opposite is also true. If your prediction is far from correct, this may result in a severe blow for your bankroll. The amount of profit or loss is defined as the difference between the actual outcome and your prediction multiplied by the your bet amount. In fast-changing markets (such as cricket runs market), your possible losses and profits may change lightning-fast.
This spread betting peculiarity calls for careful and weighted decision-making. Below we have listed four basic recommendations every bettor should follow to succeed in sports spread betting.
- Identify the worst possible scenario for your bet and take it into account when placing your spread bet. Moreover, find out the maximum profits you may get in case your bet wins.
- If possible, watch the sports event you placed your bet on. Be prepared to close your losing bet if things go south.
- Identify highly volatile and unstable sports betting markets. These may include markets where the final outcome and the predictions may differ heavily (such as cricket).
- Remember that you risk losing much more than the size of your original bet.
On some betting websites, you can open an account with a Stop Loss feature (i.e. automated loss control). You can set any stop loss limit you want. But make sure to read Stop Loss rules. Stop Loss feature may limit your profits as well. Furthermore, it may limit the size of your bet if it’s too risky for your bankroll or even cancel your bet.
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