Spread betting is a very popular betting technique among professionals. Indeed, this type of bet turns out to be very lucrative when the bettor is properly informed. The winnings are up to the bettor’s skills and his losses are just as important, as the number of winnings and losses vary depending on what happens during the sporting event.
Spread betting is a bet based on a number of events that can occur during a match. The proposed bets range from the number of faults committed during the match to the minute of the first goal or the sum of the numbers of the players on the ground. The betting markets can be numerous and vary according to the bookmakers, but it is essential that the event is quantifiable.
The strengths of point spread betting
Point spread betting is ideal for the purposes of sports analysts. Bettors who make very good predictions have found a bet suited to their talent. In spread betting, the accuracy of the predictions is rewarded at its fair value. Thus, it is the regulars of a specific discipline who have the best chance of winning their bet frequently. The better informed a bettor is, the more accurate his prediction is and the bigger his earnings. If the bet is lost, it will at least help reduce losses.
The risks of point spread betting
As with any bet, be careful not to let yourself be blinded by the large amount that the spread betting can yield because the opposite is just as likely. The spread betting can make you a rich man, but you can also lose a nice sum of money in no time. Losses and gains are variable, so be careful. Use your intuition and bet appropriate sums, that is to say, bet up to your means to avoid unpleasant surprises.
Spread Betting Definition and Explanation
The first thing we advise our readers is to be really careful because with spread betting you can quickly lose a lot of money if you are a careless beginner.
The profit or loss on a given spread bet is not yet clear at the time of submission, because profit (or loss) is calculated by the distance from the spread – the spread is a range of the outcome of a bet considered most likely by the bookmaker.
Spread betting does not mean just a bet on the victory, draw or defeat but also on markets such as number of goals, sum of minutes of goal time, sum of yellow and red cards in a game, number of corners, minute of the first goal, back numbers of the scorers… As you can see, the spread betting providers’ ingenuity is virtually limitless. And you really have to deal with the topic intensively if you want to be successful with spread betting.
Point spread betting odds
Usually, bookmakers set point spreads with -110 odds, but pricing often changes. Also, bookmakers set the odds in such a manner that a profit is guaranteed over time. If the odds are set at -110, then, to win $100, you must wager $110.
Here is an example of an NFL point spread:
CHI Bears -3.5 (-110)
GB Packers +3.5 (-110)
CHI Bears are the favorite (-3.5). This means they have to win the game by at least 4 points to win the bet. Conversely, GB Packers are the underdog (+3.5) and they need to win or not lose the game by more than 3 points to win the bet.
If CHI Bears win 20-18, then they win by 2 points, but they do NOT cover the 3.5 points. In this case, GB Packers has covered the spread because they stayed within 3.5 points.
Get the latest NFL spreads, money lines, and odds for 2019 on our website!
Point spread betting is mainly used for football and basketball. Bookmakers determine the spreads without a limit for the victory (or defeat) margin. You are probably familiar with the “runlines” and “pucklines” from baseball and hockey. The bookmakers set them at -1.5 for the favorite and +1.5 for the underdog because in baseball and hockey scoring is much lower than in other sports.
Spread bets can therefore increase the excitement of a game because even bets on the underdog get a real chance. Whether you’re placing bigger or smaller bets, the thrills and excitement of such bets add a kick to the game!