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How does sports spread betting differ from traditional fixed-odds betting?With sports spread betting you are betting on the outcome of an event but the pay-out is based on the accuracy of the wager, rather than a simple 'win or lose' scenario, which is offered in fixed-odds sports betting. A spread is a range of outcomes, and a spread bet is whether the result will be above or below the spread. In fixed-odds your potential winnings (and the amount you may lose) is fixed and known at the time the bet is struck. In spread betting, the amount you may win or lose will vary according to how right or wrong you are compared to our prediction. So unlike fixed-odds, the more right you are the more you win (and the more wrong the more you can lose). How can I win or lose money? Sports Spread betting can be very rewarding and produce large returns on small stakes. Basically the more you're right, the more you win. However, the opposite can also be true - so the more you're wrong, the more you potentially lose. The profit or loss is determined by the difference between the final result and the price you originally bought or sold at. For example, Sporting Index might predict that the first goal in a match between Chelsea and Manchester United will be scored in the 36th minute and consequently set a spread of 35-37 minutes. One client who believes there is bound to be an early goal goes low (sells) at 35 minutes while another who thinks that both defences will be at their best goes high (buys) at 37 minutes. If the 1st goal is scored in the 25th minute, the client who went low at 35 minutes wins 10 times his stake (35 minutes take away 25 minutes = 10) while the client who went high at 37 minutes loses 12 times his stake.< /font > |