A Guide to Spread Betting
1) The bookmaker sets a spread on a certain event, for example the number of goals to be scored in a football match. The spread may be 2-4.
2) If you think the total number of events is going to be greater than the top spread number you go high. In the football example if you though the total number of goals is likely to be more than 4 then you go high and you place a stake of £1 in this case.
3) If you think the total number of events is going to be less than the lower spread then you go low. In the football example if you think there are going to be less than 2 goals in the match then you go low and place a stake of £1.
4) Depending on the outcome you win or loose your stake times by the number of points your are right or wrong. So if you went high with £1 and there where five goals in the game you would win £1 (your stake times 5 minus 4) but if your stake has been £10 you would have won £10. If you had gone low and the result had been 0:0 then you would have won £2 (your stake times 2 minus 0). But if you get the result wrong you also loose your stake times the number of point that you are wrong by, so if you went high and it was 0:0 you would have lost £2.
5) Where you can really make a good win is on spreads which have high numbers, for example the total number of corners in the world cup, the spread may be 150-170, imagine if you go high at a stake of £10 and there turns out to be 230 corners in total then you win £600! (230-170 x £10). But be careful because you can loose to the same extent, except that some companies (such as Sporting Index) offer a shield to limit your liability.
To try it out you can use this training ground or visit the leading Spread betting bookmaker, Sporting Index, for more information.
