There are two ways to make money from the sports betting. In one way, you are betting upon the points or the final score. And in the other, you are betting whether the score will move up or down. The latter is call financial spread betting and it removes the limitation of sticking to fixed odd. Thus, while the loss or gain is fixed in the fixed odds betting, it can be multiple of the staked amount in case of financial spread.
What are financial spread bets?
Financial spread betting is a derivative strategy. In this strategy, the punter speculates whether the score range will be hit or not. The more accurate you are in selection of range, the higher is your profit. The same is true about the loss too. The more the deviation from the range, the higher the loss.
Here is how the financial spread is expressed. The spread for total goals in a match in Buy-Sell format is 2.5-3.0. Thus, the bettor will BUY when the score ends up higher than the said range and will choose to SELL if the outcome will be less than the chosen range.
For a $10 bet, the $10 per point movement will be earned or lost. Hence, it is important to choose the stake with more caution.
Example of football spread betting buy
In football spread betting, here is how the outcome is calculated:
Score range: 2.8-3.0
You choose to buy $50 at 3. What happens in different match results is this:
- 4-2 home win – the money you make is $150 ((6-3)*$50)
- 3-2 home win – the money you make is $100 ((5-3)*$50)
- 2-2 draw – the money you make is $50 ((4-3)*$50)
The loss situation arises when the total number of goals is less than three. A loss of $150 happens when the match turns out to be goalless.
What happens in football spread betting – Sell
The spread given in 2-2.2 for a close match. It means that the total goals will be in the range of 2 and 2.2. The bettor takes the call and chooses to sell at 2. In the instances of scoreboard reading 1-0 and 0-0, the profits made are $50 and $100 respectively. Breakeven situation occurs at score range 1-1. The bettors lose money if the match ends up more than 2 goals on the scoreboard.
How to use spread betting to get against a favorite
One of the main benefits is that fixed odds betting may not yield the profit when the bettor chooses to sell against the favorite. In spread betting, the bettor sells on the spread and makes money even when the score is not in favor of the favorite. It is an easier way of making money than to choose laying a bet on the betting exchanges.
Let’s consider a horse racing example. The top scores guessed were 40-20-10. The spread was 30 – 33. If you choose to go against the favorite and the favorite wins, your loss is $100 ((30-40) x $10 when you choose to sell at $10 at 30.
In the other finishing positions, the bettor will win the money. For instance, in case of finishing 2nd, the profit made will be $100(10(30-20)). In case of third position, the profit will be $200 ((30-10)*$10). The profit increases to more if the horse stands at positions lower than top 3. Thus, you make a profit in spread betting even if the favorite horse has not performed well on the track.
How to prepare for financial spread betting?
In the financial spread betting, you can strategize your stakes by taking into consideration some important points.
- Keep in mind the worst situation: When you want to finalize a stake size, you need to calculate the possible amount you can lose. Suppose the market shows the condition for bookings in a match at 30-40 spread. In this case, the maximum amount you can lose will be $400 for a $10 buy at 40. So, you have to understand your financial standing and decide how much you can afford to lose.
- Follow the matches closely: You can make better decisions when you have the latest positions in hand. It can be made possible by watching the live stream of matches. Your reactions will be more meaningful when you follow the matches live.
- Don’t chase losses: It is a human tendency to chase losses and it backfires badly if you choose to do the same in case of spread betting. Don’t stake more as you must keep in mind the financial figures that you can afford to lose.
- Stick to the strategy or plan chosen: Spread betting serves the needs the best when you have chosen a workable strategy after a thorough research work. You should not give into the temptation of trying something new as the results may not be likeable.
- Study the market thoroughly: All spread betting sites offer the market conditions to the bettors to study. The markets’ records help the bettors draw a pattern. This pattern is very important for bettors to make decisions regarding the stake size and other important factors. You can determine the entry and exit point of the market with in-depth study.
- Understand the sport completely: The smallest of information can serve you big results. Hence, you must study the sport from all angles. Go through all the details of the matches played in the past and how various conditions affected the outcomes of the match. You can also be thorough in learning rules of the game. By studying the teams’ statistics and players’ playing styles, you can understand whether the spreads are worth taking the risk or not.
To conclude,
The tips from the Football tipsters at footballtipster.net can help you master the craft of spread betting. This site has a huge inventory of graphs and in-play statistics. It also provides coverage of all the football matches happening in various parts of the world. Thus, the knowledge pool makes it easier to guess the spread and decide the stake size accordingly.