Spread betting is a completely different concept in
betting than conventional sports betting or betting through an exchange. In
spread betting, the bookmaker determines the "spread" on an event and you bet
against it.
You can bet either above (buying) or below (selling) the spread and if you are
successful, you are paid out on your stake multiplied by the points over or
under the spread that you predicted. However, if the score goes against you then
your loss is your stake multiplied by the points either under or over the spread
(the opposite that you bet).
Worked example
- A gambler believes that there will be more than 13 corners, and 'buys' at £25 a
point at 13.
- If the number of corners is 16, the gambler wins (16 - 13) = 3 x £25.
- If the number of corners is 10, the gambler loses (13 - 10) = 3 x £25.
- A 'sell' transaction is similar except that it is made against the bottom
value of the spread.
Free spread bets and cash offers
Spread betting firms offer some great cash promotions and free spread bets for
those who wish to take up spread betting. This normally involves placing a
certain number of bets (buy or sell) with a minimum risk (typically £20). The
details of four popular spread firm's offer are details below