Spread betting is a unique form of sports wagering that differs from common fixed odds betting. This guide will explain the basics of spread betting, how it works, and key strategies for beginners.
What is Spread Betting?
In spread betting, bookmakers set a numerical range consisting of a minimum and maximum amount, also called the spread, for metrics like match goals, corners, points or other statistics. Bettors then wager whether the actual outcome will fall over or under the spread range.
For example, the spread for total match goals could be 2-3. You would bet whether the actual goals scored finishes over or under that spread. If you bet over and 4 goals are scored, you win. If only 1 goal is scored, the under bet wins.
Payouts are determined by how far the actual outcome lands outside the spread rather than fixed odds. The further away, the higher the multiplier.
Key Characteristics:
- Does not use fixed odds.
- More opportunities to win by staking on wider outcomes.
- Winnings tied directly to how right or wrong your prediction is.
- No maximum payout ceiling like fixed odds.
- Hedging on both spread outcomes is possible.
Spread betting provides near endless betting possibilities on metrics.
Strategies and Tips
Smart spread betting strategies include:
- Bet small stakes – Due to variable payouts, small stakes produce large wins if you predict far outside the spread.
- Buy and sell – You can bet for outcomes below the spread (selling) or above the spread (buying).
- Know the metrics – Certain metrics like goals or points have more variability than things like fouls or corners.
- Be selectively aggressive – On events with unpredictable metrics like goals, it can pay to be aggressive.
- Hedge your bets – Back both over and under spread outcomes to guarantee a win.
In summary, Used smartly, spread betting provides excellent payout potential, however, you must be comfortable with higher risk.