Spread Betting Guide
If you are new to spread betting then it is quite possible that you have been influenced against participating in it by a concern that it is complicated, particularly when spread betting includes aspects of market trading.
Spread betting is really quite simple and like all sensible betting in which you do not risk more than you can afford to lose it is a completely viable way to win. At Gaming Supermarket, we’ve compiled this quick guide to spread betting so you can get to grips with the idea!
Unlike ordinary betting in which you bet on the outcome of an event, such as the result of horserace or the spin of a roulette wheel, in spread betting you bet on whether you think a result will fall outside a range of possible outcomes that are suggested by the other side of the bet, for instance the bookmaker. This range of possible outcomes that you will bet against is called the spread. You then decide whether your bet will be higher or lower than the spread.
Quite often, in fact nearly always in the UK, the amount of winnings will be determined by the delta value of the final outcome to the spread. So too will the losses, so it is important to look at the worst possible outcome as well as the best possible outcome in order to determine the risk level.
An example of this a bookmaker might make a spread on a cricket match that the total number of runs scored will be 300 to 400. You might then place a buy bet of 10p per run. This means that for every run over 400 you will win 10p. If there are 600 runs scored you will win £20.00, but if there are only 50 runs scored you will lose £25. Alternatively you might think that there will be bad weather and that very few runs will be scored, in which case you would place a sell bet so that you win 10p for every run less than 300.Spread betting allows you to use your sporting knowledge to a greater degree that fixed odds betting.