Spread betting is a unique type of wagering on sporting events where it is not crucial whether your prediction is correct or not, but rather how accurate you are. Namely, in sports spread betting, you are not awarded a fixed payout, but instead receive cash for each point above the spread, or lose as much money for each point below the spread.
This may seem a bit confusing if you are new to the subject, but check out our example below and you should be able to get the gist of it.
Before the new Premier League season is about to start, the spread on Leicester City season points is set to 54.5 – 56. This means that you can either buy at 56 (bet on Leicester to win more than 56 points), or sell at 54.5 (bet on Leicester to win less than 54.5 points).
Let’s say you have decided to buy at 56 points, staking £10.
This means that you will be awarded £10 for each point the Foxes win over 56, and lose £10 for each point they win under 56.
If Leicester end the season with 62 points, your profit will be (62-56) x £10 = £60.
If Leicester end the season with 53 points, you will lose (56-53) x £10 = £30
From the example you can see that you will not only be risking your stake when wagering on the spread betting market, but actually stand to lose a lot more, so make sure to always have that in mind when placing these kinds of bets.
On the other hand, you can secure a bumper payout if your selection does better than predicted, and that is why high rollers enjoy sports spread betting.
Besides the number of season points, you can also bet on number of corners, shots or goals in a game, goal times, handicap markets and much more.
It is important to note that regular sports betting websites do not offer spread betting, meaning that you will have to find online gaming operators that specialise in spread betting on sports.