Spread betting is one of the most popular bets in sports betting. It is an exciting method of betting people have been using for ages and it is still famous among the current bettors. Spread betting helps you to make your bets and get you a fair amount of money even if the team you are betting on is not the biggest one in the match. However, a lot of newbie bettors have really been wondering what spread betting is. It is important to know about the different types of bets available out there before you choose one. In this article, we will look at what spread betting is and how it works.
What is Spread Betting?
Spread betting is used to make all the odds even thereby eliminating the chance of one team having more winnings odds. At least, that’s what is projected to the others. In some matches, one team may have a huge odds of winning against the other team. Spread betting helps to even out all these ups and downs. Spread betting is different from the normal and most commonly used fixed odds betting. In such bets, you predict the total number of bets that will be scored in the match by each of the teams. However, that’s not what you do in spread betting. You bet on the already-made spread by the bookmaker of the match.
You bet how right the spread is. You predict the outcome of the match will be higher than the spread. or you can predict that the outcome of the match will be lower than the spread. You will get your profit from the match after it ends based on how right or wrong you have been in the bet. Your loss will be calculated using the same way.
Spread betting is present in many of the major sports betting markets such as football, basketball, soccer, and more.
Spread betting: How does it work?
Now let us look at how spread betting works so that you can get more ideas about it.
The first step in entering spread betting is to choose your market. You need to decide what you are going to bet on today. If you choose football, then you need to know about the basics of the game. Also, research the two teams who are facing each other on the particular day that you are placing a bet. Conduct thorough research about the two teams, their players, the form of each player and the whole team, the average score the team is expected to score in the match, and more. Knowing all this will help you make a better decision. When you study the particular market that you have chosen, you will understand which one is deemed as the favorite team by the most.
The bookmaker of the match has already set the spread for the game. This spread is a loose prediction by them on what will take place in the match. Since we are talking about football here, the spread by the bookmaker may look something like this: 3 – 3.5. This is actually the average goals that will be scored in the match.
Now you get to decide your bet. You can choose two actions:
- Buy – Buy means that you bet the outcome of the match will be higher than the spread by the bookmaker.
- Sell – Sell means that you bet that the outcome of the match will be lower than the spread by the bookmaker.
At this stage, you also finalize the amount that you are betting. Note that, in spread betting, you have to choose an amount per goal in a match, in football. If it is any other game, the bet amount will be per the point scored by whatever sports the teams are playing.
Now for you to get back your money, you need to wait until the game is over. Your winning and losing stakes are calculated by the outcome of the game. The bet determines how wrong you were or how right you were, by the total number of goals in the match, scored by both of the teams.
Final thoughts
Many people choose spread betting as it stays alive until the end of the match. You have a possibility to increase your profit until the match ends. Literally, you are not directly acting in this. Rather, your bet against the bookmaker’s spread is doing the job.
Read More: Betting Odds Explained – How do Betting Odds Work?
