When someone mentions betting, the first thing that usually comes to mind is sports betting. However, there is a whole world of gambling beyond sports betting that can be exciting and profitable. One of these forms of gambling is spread betting. If you’re not familiar, let’s learn more about spread betting.
What Is Spread Betting?
As the name suggests, spread betting is when you make multiple bets on the outcome of a sporting event or a race. For example, you might choose to spread £10 on the result of the Arsenal v. Liverpool match. You’re essentially placing bets on the result of the game, and if you’re right on at least one of the selected teams, you’ll earn profit. The spread between the two teams is what you’ll need to make up your stake. As a rule of thumb, you usually want to bet on underdogs in sports, as they are often the ones that end up winning. As a general rule, you should avoid betting on favorites, as they are usually extremely popular and, therefore, more likely to lose. When you bet on a favorite, you’re essentially taking on the role of the bookmaker, and you’re giving them your money. This is called lay betting, but you can also refer to it as anti-social betting as you’re usually doing it alone or in a small group. The beauty of spread betting is that, while it can be highly addictive and exciting, it remains fully legal. You’re not breaking any laws by spread betting, so long as you’re not running a bookmaking operation. It’s all about legal distinction and being aware of the limitations that come with being a citizen of certain countries. If you’re ever concerned about whether or not something is legal in gambling, you can always consult an attorney or legal expert for advice.
How Do I Spread Bet?
This is quite easy to do, and there are several platforms that make it extremely convenient for anyone wanting to get into spread betting. The most popular of these platforms is Betfair. Like other online betting platforms, you’ll find a large number of Betfair-sponsored events available throughout the year. However, the advantage of using this platform is that, being a wholly owned subsidiary of the larger company, Betfair is extremely well-regulated, and there are very few cases of scam or fraudulent activity involving the company. The types of events available on the site include sports, politics, and entertainment. For beginners, the Betfair Exchange is a wonderful place to start, as it provides an excellent learning curve and is extremely user-friendly. The exchange also offers an amazing variety of markets, so you’ll never get bored of putting your money on various outcomes of events.
How Do I Win Then?
When you place a wager on the outcomes of sporting events or races, you’ll need to put in work to ensure that you win. For online betters, this means using tools that can help predict the winner of a particular event. There are several sites where you can find handy tools that will give you an edge in any wager you make, but if you want to make sure you win, you may have to put in some real-world effort as well. One of the simplest ways to win then is by using the latest scores and results from the event in question to form an accurate educated guess. If you’re new to spread betting and are looking for tools to help you with your wagering, you can start with MyWAG. After signing up with the site, you’ll be asked to select an event, and from there you can begin to build a forecast for the chosen matches or games. This tool is extremely easy to use and is available for both desktop and mobile use. As a beginner, you may not want to use this tool as it will almost certainly take you longer to form an accurate educated guess without utilizing such a tool. Once you’re familiar with the basics, you can move on to more sophisticated software and hardware that will greatly improve your winning chances.
The Pros And Cons Of Spread Betting
One of the things that make spread betting so attractive is that it is a legal way to gamble. The fact that it is not physically possible to ‘get lucky’ in sports betting makes it all the more appealing. Due to its legality, spread betting is almost completely open to all citizens of the UK, provided you’re not operating in a prohibited jurisdiction. The only real disadvantage is that, being a form of gambling that relies on other people to bring you luck, you may experience a drop in luck as the term ‘lucky’ tends to imply. In theory, this is not a drawback as you can simply switch gears and bet on the opposite outcome. Many professionals in the sports betting industry openly admit to not relying on luck, but using sophisticated tools and tactics to place winning bets. While it is possible to get lucky in sports betting and win a large sum of money, it tends to be a very rare occurrence. In most cases, you’ll lose money by entering the sports arena. Due to the unpredictable nature of sports, it is usually a losing proposition. However, the joy of gambling is that it is entirely up to you whether or not you win or lose. The only person that can deprive you of winning is yourself.
Many countries have strict controls in place regarding the types of bets that can be placed, the extent to which you can deviate from the odds, the maximum stake per event, and more. If you live in one of these countries, you may need to search for different platforms that can allow you to place wagers outside of your home country. In the worst cases, you may even need to find an online bookmaker that is based overseas in order to legally place a wager.
When it comes to gambling, the legality of where you place your bet is far more important than where the bookmaker is located. For example, the UK Government largely regulates sports betting, which means that you will find almost all the bookmakers and sports websites that operate within the UK to be extremely transparent and regulated. If you live in the UK and want to get into sports betting, you’ll find it incredibly easy to do so. All you need is an internet connection, a credit card, and you can start making wagers on all the major sporting events that you see fit. Some of the more popular events that you can wager on include Football, Tennis, Golf, Horse Racing, and more.
With the exception of Tennis and Golf, the rest are completely legal in the UK, provided you’re playing against the odds and making reasonable efforts to ensure you win. What this means is that, as a UK citizen, you can visit any sports bookmaker in the country and place your wager with complete legality. You will not be doing anything illegal, as long as you’re following the rules. Unfortunately, this also means that you’ll be competing with people that are breaking the law if you want to place a sporting bet. However, the advantage of doing so is that you will be able to get much better odds than you would if you were placing a bet with a smaller bookmaker that is based in the UK but legally unable to take bets from outside of the country.