What is Spread betting and how it works?
Spread betting is a term from financial market trading, but it also finds application in betting sites. In sports betting, the spread is the line that is used to even the odds between rivals in a match that are visibly unequal and there is a clear favorite to win the clash. It is also gaining popularity in European markets as it has the ability to make even the most one-sided game exciting, where the winner is more than clear.
You can always use the 4-fold bet method for multiple bets if you are sure about the outcome of the games. It is a bit riskier, but much more rewarding.
The spread is a great sports betting option for adrenaline junkies and those looking for bigger wins. It is widely known among “professional bettors” who spend a lot of time in reading and analyzing different sporting events. They build betting systems based on the information they have to increase their profit opportunities. The easiest way to understand what spread betting is in betting is through examples. Here is one such example:
Spread betting is most commonly used in American football. If the Bears are a favorite in the upcoming game against the Texans and the bookmaker has set -3.5 points, that means they have to win by at least 4 points to get the spread. If they win by less than 4 points, then you will be at a loss. In this case, you need to consider whether it is better to try the Money Line market for the underdog (the Texans in this case), which if they manage to cover the Money Line will bring you a profit as they will win the bet outright.
To sum it up, Spread betting is best applied in favor of your favorite team and you have a hunch that they will manage to win by a certain number of points. The idea of spread betting is to guess the outcome of an event within a predetermined range of points. Here is the time to note that you can also bet on the underdog in the match. Here is an example. If the team/player loses by 4 or less than 4 points – the bet is profitable.
In case of a wrong prediction – you lose the bet. If you like to play safe there’s the hedging in betting method which will decrease the loses to a minimum.
How to read the odds and profit opportunities in Spread sports betting?
What confuses novice bettors when using Spread betting is related to the calculation of the profit. The key is that there are 2 variables that depend on each other: the amount you will make as a bet and the amount you will get as a win if you guess or the amount you will lose if you don’t guess. This is the place to note that there is a specific odds that determines whether the bettor wins or loses. Specifically in spread betting – the player has to be close to a certain number of points to win more or report smaller losses.
To give you a clearer idea of the calculation of winnings and losses in spread betting, we will give you a visual example. The spread for goals in a football match is set at 2.8 – 3.0. If you think there will be more than 3 goals in the match , then you should “buy”. The bigger the score – the bigger the profit will be. Let’s say the score is 4.5. The profit is calculated according to the difference between the score and the predetermined line: 4.5 – 3.0 = 1.5. You multiply the difference by your bet and get the profit. For example – with a bet of 100 BGN, you multiply 100×1.5 = 150 BGN. Losses are calculated on the same principle. In case you bought but the difference is less than the previously announced line and let’s say the result is 2, then you calculate 2 – 3 = -1, then multiply -1 by the bet (100lv) and you get a loss of -100lv.
If you predict that the result will be lower than 2.8, then you should sell. The price to sell is 2.8. The logic is the same and the lower the final result, the bigger your profit will be. Let’s assume the result is 2 again. Then do the following calculation – subtract the result from the previously announced line and get the multiplier for the profit. In this case: 2.8-2= 0.8. Then we multiply by the bet and get the profit. With a bet of 100 BGN you will win 80 BGN. The fewer goals there are – the more profit you will score. For example, if no goals are scored, the equation is: 2.8 – 0 = 2.8, which multiplied by the bet of 100lv provides a profit of 280lv.
However, if 4 goals are scored in the match, then your bet will be a loser and then the calculation of losses will look like this: 2.8-4 = -1.2, which multiplied by the bet of 100lv means that your losses will equal 100×1.2 = -120lv. This calculation is applied to any higher result than the selling price!
The calculations are not complicated at all and you just need to look into the examples a bit more to fully understand what spread betting is.
