Open Spot, or Open Betting, is growing in popularity as more and more people are looking for a way to wager whilst keeping tabs on what’s happening elsewhere in the world. Essentially, an open spot wager is one where you place a wager on one or more outcomes of a sporting event, political situation, or world event, without necessarily needing to place a bet on each individual event.
You might be wondering what open spot betting is, and how it differs from standard sports betting. Here’s a simple and straightforward guide that will tell you everything you need to know about placing wagers, and what exactly is open spot betting.
What Is Open Spot?
Open Spot is officially termed ‘multi-bet wagering’ and is also known as ‘spread betting’ or ‘evented wagering’ because it involves more than one wager. This is in contrast to standard sports betting, which is usually seen as a standalone activity where you place a single bet on the outcome of a particular sporting event. Traditional betting firms aren’t necessarily opposed to multiple bets, but it often comes with more complex odds calculations and a higher degree of risk.
Why Do People Like To Place Multiple Bets In A Row?
The main attraction of open spot betting is the ability to combine several bets in a single transaction. For instance, if you’re a huge fan of two teams – say, Manchester United and Liverpool – you might wonder whether or not that rivalry will be renewed this year, or if the teams will be able to pull off another memorable truce. Instead of worrying about whether or not two warring factions will be able to put their differences aside and form an alliance, you could simply bet on whether or not there’ll be a battle royal this year, or whether or not either one of the teams will emerge as the dominant club.
Since these are all separate events, you could easily place a bet on the rivalry between the two clubs, as well as the possibility of a titanic battle royal, and the subsequent truce that might ensue. In a sense, you’re combining several questions into one wager, which is obviously appealing to anybody who enjoys theoretical debate as much as they enjoy watching sport. The danger with multi-bet wagering is combining too many questions, because once you go over a certain limit, some bookmakers will stop you from placing any more wagers. However, combining too many sports into one wager is always risky, because there’s no way of knowing which sport you might be most suited to. Having a go at multiple sports betting is certainly feasible, but it takes a bit of research and preparation to make sure you’re not committing a crime.
How Do I Place A Multi-Bet Wager?
To place a multi-bet wager, you’ll need to open a betting account with a reputable bookmaker. When you open up an account, they will give you access to their multiple betting platform, which allows you to place wagers on multiple outcomes at the same time. The account opening process is usually quick and straightforward, though if you’re looking to place a large wager, you might have to wait a little while for enough liquidity to be available in your account. Once you’ve been accepted into their multi-bet betting platform, you will find several sports and events listed, as well as the option to create your own wagers against the odds. The more sports and events you want to bet on, the more you’ll have to choose from. This is good, because it means there’s plenty of choice when it comes to placing wagers.
What Is The Difference Between The Odds In Standard And Spread Betting?
When you place a wager on the outcome of a specific sporting event, you’re usually looking to back the favorite. This is because the odds will be set in advance, and in most cases the favorite will be the team or the player you’re backing. In contrast, the odds in open spot betting are more of a moving target, which means there’s more opportunity for your money to grow. For instance, if you’ve got money on Manchester United to win the Premier League, the odds might be 1500/1, which means there’s a one in fifteen chance of them winning.
The opposite is true if you’ve got money on Manchester City. If you think they’ll take the league title this year, the odds would be 2/1, which means there’s a two in one chance of them winning. This is due to the fact that as the odds move, so do the payout percentages. This means that if City win, you might not get your money back. In general, you’re unlikely to get your money back if the favorite doesn’t win, because in order for that to happen the odds would have to tip in your favor. In the case of Manchester City and the Premier League, for instance, the favorite to win is actually Losers Next Week, because the odds are constantly in motion and can change at any time. The more you wager, the more you’ll understand why it’s important to keep an eye on the odds, instead of just going with your gut feeling about who you think is going to win an event.
Why Should You Watch The Odds Instead Of Just Following Your GUT?
Sports fans have grown accustomed to following their teams and keeping an eye on what’s going on, even when they’re not on the TV. This is partly because of social media, where people can share their opinions and keep an eye on the world of sport from the comfort of their homes. However, this can sometimes mean that they might get it wrong, especially if they have a poor record or if they’ve been boasting about how they’ve got a sure thing. In the case of Manchester City and the Premier League, for instance, everybody is talking about how they’re going to destroy Liverpool, but at the same time, most people are ignoring the fact that City are actually struggling at the moment.
If you’ve got money on Liverpool to win the Premier League, then you might want to consider avoiding Manchester City, because although they’re going to beat anybody on the pitch, it might not be quite so simple off it. As an investor, you might want to consider whether or not you want to back City, because although they’ve got the talent to cause trouble, odds are they might not end up being too successful this year, and that could potentially hurt your wallet. In contrast, Liverpool are already making headlines for off-field issues, and if this continues, you might want to steer clear of them, especially since they’re not actually on TV very often. You might want to consider backing Liverpool if you’ve got money to spare, as they might just be the safer bet this year, especially since they’ve got the talent and the results to back it up.
Place A Single And Double Bet On The Super Bowl
If you’ve got any interest in American football, then you’ll most likely have heard of the Super Bowl. This is arguably the most famous and most-watched game of the year, so it would be a great opportunity to place a wager. If you’ve got money to spare, you might want to consider placing a bet on the New England Patriots to win the Super Bowl this year, as they are the favorites to lift the trophy. If you’ve got some money on the underdog Atlanta Falcons, then you might want to consider betting on them to win. This is mostly because if they do win, it will likely be a lot of fun to see how much your money grew since you placed that initial bet. Nobody is an underdog in the Super Bowl until the final whistle blows, and once the game is over, everybody is a favorite. This is mostly because of the level of competition and the fact that everybody and their mother is able to follow the game. American football is a great sport to bet on, because the odds will always be in your favor, and it’s such a competitive game that even the slightest mistake can lead to a shock result. The one downside is that unless you’re living in the USA, it can be hard to get your hands on the tickets, especially if you want them for the day of the game.