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How does spread betting work?
In sports betting, spread betting works almost exactly as it does in the financial context, but you are not speculating on securities but sporting events and their results.
The betting provider sets a specific range through the maximum and minimum odds that describe the outcome of the sporting event that is bet on. The bettor speculates with his bet placement whether the outcome will be over or under the range set by the bookmaker.
Example
The spread can range from 2.8 to 3.0 for the total number of goals scored in a football match. This means if you think the market/earnings will be above this range, you will buy. If you believe the market or earnings will be lower than the range mentioned, you will sell.
The more accurate you are in such sports betting, the higher the multiple of your stake you can potentially win. On the other hand, if you get it wrong, you can also lose multiples of your stake.
What variants are there in spread betting?
The opportunities for spread betting are hardly inexhaustible because it is theoretically possible to set a corresponding difference for almost every competition or game event.
In football betting, the tip can refer to the number of corners, goals, cards awarded, or even very unusual facts, such as the sum of the jersey numbers. In tennis bets, betting on the double faults or aces of the players is possible.
In addition to these two main sports, spread betting is mainly used in American and English sports.
Let’s look at the most common variants of spread betting in football.
Spread betting on the number of goals
In football games, betting on the number of goals is very common. Here is an example in the context of spread betting:
- The bookmaker’s spread is 2.4 to 2.7 goals. Now the tipster can bet on less than 2.4 goals or more than 2.7 goals.
- If he bets that fewer than 2.4 goals will be scored in the game, a stake of ten dollars results in a chance of winning 24 dollars.
- The game ends 2:1. This resulted in three goals, and the bet was lost. In this case, the loss is 3 minus 2.4 = 0.6 times $10 = a loss of $6.
Spread betting on the number of corners
You can also bet on the number of corners awarded by the referee in a soccer match. Here is another example:
- The spread offered by the bookmaker is 9.5 to 10.5. The maximum possible profit is 100 dollars.
- Here, the player places ten dollars on the fact that more than 10.5 corners are awarded.
- In the game encounter, 11 corners fall, so the player wins the bet. The winnings to be paid out are calculated as follows: 11 minus 10.5 = 0.5 times 10 dollars = 5 dollars in profit.
Spread betting on the number of cards
Also, very popular in spread betting is betting on the number of red and yellow cards. As a rule, yellow cards are worth 10 points, while red cards are worth 25 points. Our example:
- The default spread is 70 to 74.
- The bettor assumes that quite a few cards will be dealt and bets 10 dollars on them. If successful, the referee pulls out the yellow card seven times and sends two players off the field with red cards.
- This results in the following calculation: 70 points (7 x 10) for yellow cards and 50 points (2 x 25) for red cards. So the total is 120 points. The profit is calculated from 120 minus 74 = 46 times 10 dollars. The prize is 460 dollars.
Spread betting on the minutes of the first goal
Estimating the exact minute of a goal is, of course, almost impossible. With spread betting, however, such tips can also work well for you. The following example:
- The bookmaker’s spread on the first goal is between the 37th minute and the 47th minute of the game.
- The tipster is convinced that the first goal will fall faster and bets 10 dollars on under 37.
If the goal falls earlier, for example, in the first minute, the profit calculation is 37 minus 1 = 36 times 10 dollars = 360 dollars.
