What are some examples of spread betting
Spread bet - explanation & example
In order to expand and enrich betting in the financial world by a possibility, the former mathematics professor and later professional bookmaker, Charles K. McNeil, developed a new variant of betting in Chicago in the 1940s: Spread betting.
It is - as the term translated from the English already suggests - about betting on the difference to a certain result.
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In the meantime, spread betting has also established itself among the countless betting options in the world of sports and has become very popular, especially in England and with offers relating to American sports.
The principle has been taken over directly from the financial bets unchanged:
How does spread betting work?
Spread means bandwidth, span. The provider of the spread bet sets a range that describes the outcome of the event on which the bet is made.
The sports tipster decides with his tip whether he believes that the actual result is above or below the range given by the bookmaker. If the predictor's assessment is consistent with that of the online betting provider, there will be no bet.
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In a spread bet, it is therefore important to compare your own assessment of a certain event within the game, for example the number of goals, points or warnings or fouls, with that of the betting provider.
If the individual tip is outside the range, i.e. the limit set by the bookmaker, a tip can come about. The range is referred to as the spread.
If you come to the conclusion that the sum of the actions is higher than the bookmaker's limit, the profit or loss of the tip is calculated as follows:
|Winning Bet (Sum Above)||Profit = stake x (sum of actions - upper limit)|
|Losing bet (total below)||Loss = stake x (upper limit - sum of actions)|
If the value that is tapped is below the specified range, the calculation is exactly the opposite:
|Winning bet (total below)||Profit = stake x (lower limit - sum of actions)|
|Losing bet (total above)||Loss = stake x (upper limit - sum of actions)|
Variants & areas of application
The possibilities within the spread betting type of bet seem to be almost inexhaustible. It is theoretically possible to set a limit for almost every event within a game or competition.
In football, for example, the tip can relate to the number of goals, corners, yellow or red cards or even more unusual things, such as the sum of the numbers on the players' jerseys.
In the field of tennis betting, a betting option can, for example, relate to the number of aces or double faults of a player.
In addition to these two main sports within the betting community, spread bets are mainly used for offers on American sports.
There is also a large number of result bets, which are then similar to a handicap bet. Here, too, an imaginary goal or point advantage is imposed on a team as a limit.
With spread bets, it is important to pay close attention to the offer:
Since, from the betting provider's point of view, it usually only makes sense to give the likely weaker team a goal or other lead (otherwise the stronger team would also get a lead, the betting odds on their victory would be 1.00), can lucrative opportunities arise here from time to time.
Not every spread bet is of this type, however.
Examples of spread bets & their calculation
→ Football corners: The offered spread in spread betting for the corners of a football game is 10-11, for example. If a tip is made with the stake of 100 euros on more than 11 corners, the following options arise:
Case 1: The number of corners at the end of the game is 14. The win = stake x (number of corners - uppermost limit) = 100 x (14 - 11) = 300 euros
Case 2: The number of corners at the end of the game is 8. The loss = stake x (number of corners - uppermost limit) = 100 x (11 - 8) = 300 euros
→ Soccer minute of the 1st goal: In the case of a soccer match, the bookmaker sets the spread for the 1st goal in the game with “24. - 26th minute ”. Bets can therefore be made on whether the 1st hit may be cheered before the 24th minute or after the 26th minute.
If 10 euros are now placed on the 24th minute, the tip is successful if the first goal is scored before the 24th minute. If the ball wriggles in the net for the first time later, the bet is lost.
In this example, the profit or loss is calculated using the formula mentioned above or from the time difference between the bet and the minute in which the goal was actually scored.
Attention: Many betting providers also use decimal numbers when specifying the limits: As an example, bets are made on the total number of goals in a handball game.
The spread set by the bookmaker is 22.4-22.7 goals. A bet can be made on whether fewer than 22.4 or more than 22.7 goals will be scored in the match.
Spread bets are particularly popular in many sports, as they represent another option in the betting repertoire that gives - experienced - sports tipsters the opportunity to make a decent profit with a lot of know-how.
However, there is also a high risk behind this type of bet, which must be taken into account when placing bets. It also often happens that spread bets are unlimited in the amount of their maximum profit or loss.
This makes the bets particularly exciting and attractive, but there is an increased level of alert when you have an overview of the finances on the betting account.
The 7 best betting providers for spread bets in the test
Information and explanations for all types of bets:
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