If you’re new to spread betting, it can be a little tricky to understand exactly how the formula works. Luckily, we’ve got you covered on this one. Here’s a complete guide to all the ins and outs of spread betting so you can easily enter the lucrative world of odds-giving.
The Basics
When you spread bet on a sport, you’re generally placing a wager on the outcome of some event. For example, you might lay 100 pounds on the outcome of the World Cup between England and Russia. If England wins the World Cup, you’ll earn 200 pounds ($300). But if Russia wins, you’ll only receive 100 pounds ($150).
The beauty of this betting scenario is that you’re not required to pick a winner. If you’ve got the skill and know-how, you can simply place a lay bet on the outcome of the game. That is, you’ll place a wager on whether or not England will win the World Cup. If they do, you’ll collect your winnings; if they don’t, you lose your stake.
The advantage of this strategy is that it offers a lot of flexibility. For example, you might not have heard of Russia and England playing in the World Cup. But if you follow sports betting, you’ll know that these are the two teams that most likely will face off in the tournament. So, by placing a lay bet on England versus Russia, you’re essentially placing a prediction on whether or not England will advance to the next round or whether or not the World Cup will be over before it even started. If you’re really good, you might even be able to profit from the upset of the year.
The Difference Between A Spread Bet And Parallel Bet
Although the basic concept behind a spread bet is fairly simple, there are a few key differences between the two. First, a spread bet requires you to pick a winner among two or more options. Second, you’ll need to set a limit on how much you’re willing to wager per day, per week, or per month. Third, there’s the matter of liquidity. You won’t find many banks willing to work with online betters, so you’ll need to be wary of this when considering a spread-betting platform.
How To Choose The Right Themes For Your Spread Betting Account
One of the first things you’ll need to do after opening a spread betting account is decide which themes you want to use with your account. The options you have will range from fairly conservative to fairly high-risk, so you need to make sure that you’re comfortable with the themes your bank offers. Some examples of relatively safe bets are horse racing and snooker, whereas options such as greyhound racing and ice hockey are, well, fairly risky.
Advanced Strategy
To keep things simple, we’ve kept things to the basics so far. But to really master spread betting, you’ll need to develop a good strategy. Fortunately, following a few simple steps will put you on the right path to becoming a professional spread bettor. First off, you need to establish a stop-loss position. A stop-loss position is where you set a limit on how much you’re willing to wager per day, per week, or per month. So, for example, you might decide that you’ll only be wagering on English football, and you’ll set a limit of 5 pounds per day ($7.50). Any wagers placed beyond this limit won’t be accepted, and you’ll need to notify your bookmaker of this.
Making Money With Winning Tickets
One of the best things about spread betting is that you don’t necessarily need to win money to make money. As long as you’re placing winning bets, you’ll be able to generate profit. For example, let’s say you’ve got a £10 bet on England to win the World Cup. They do in fact win the toss and decide to bat first, scoring 350 runs in the process. You’ll win £150 ($250). That’s a profit of £100 ($150) from a single bet!
The Future Of Sport
Nowadays, the world of sport is always changing, and this is especially the case with football. Thanks to the advent of technology, we’re now able to keep track of games from virtually everywhere. This has allowed sports to evolve and continue to grow, even as traditional forms such as the Grand Slam decrymably decline. Technology has also allowed for easier access to betting markets, enabling people to place bets on their mobile phones, from anywhere. The future looks incredibly bright for sport, and with a little bit of know-how, you can guarantee your place at the top.