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Leeds United could be a risk worth taking for punters wanting to spread bet on Premiership football this season. Indeed, new manager Terry Venables has inherited a talented squad of footballers and Sporting Index are quoting Leeds at "13 - 16" on their Championship 60 Index. The decision to "Buy" at 16 (the higher figure) at £2 a point could produce any of the following outcomes, depending on Leeds' final league position:

Final Position	Points Awarded	Outcome	Stake per Point	Profit / Loss
Winner	60	(60-16) = 44	£2	£88
2nd	40	(40-16) = 24	£2	£48
3rd	30	(30-16) = 14	£2	£28
4th	20	(20-16) = 4	£2	£8
5th	10	(10-16) = -6	£2	- £12
6th	5	(5-16) = -11	£2	- £22
Other	0	(0-16) = -16	£2	-£32

Explained quite simply, if you Buy Leeds at 16 for £2 per point and El Tel's boys win the Premiership, you would make an £88 profit. Even if Venables only guided Leeds to a fourth-placed finish, you would still make an £8 profit. The downside to this bet would be any Leeds finish outside the top four with an unlikely 7th place or lower resulting in a maximum loss of £32.

Liverpool manager Gerard Houllier has predicted that West Ham will do well this season which may lead many to "Buy" Hammers points on the Premiership Points Index. As in the above example, you don't need a team to win the Premiership in order to make money. Here, each team is given a quote for how many total league points it will have come the end of the season. The recent departure of Merson and Boateng from Villa Park may also lead punters to 'Sell' Graham Taylor's men on this particular betting market.

Spread
Sell / Buy
West Ham 48.5 - 50
Aston Villa 47 - 48.5

The above spreads show the relative merits of "Buying" and "Selling" when it comes to Spread Betting. Buying West Ham at 50 for a £5 per point stake means you win £5 for every point they finish over 50. In this example, if Glenn Roeder guided the Clarets to the 65-point mark, you would make a total profit of 15 x 5 = £75.

Another advantage of Spread Betting is that you can back a team to do badly. "Selling" Aston Villa at 47 for a £3 per point stake means you want them to total as few points as possible. This time, you win £3 for every point that the Villains finish below the 47 point mark. For example, if they have a truly terrible season, landing up with only 33 points, then they will finish 14 points short of the spread (14 = 47 - 33). When multiplied by your £3 per point stake, a handsome profit of £42 (14 x 3) is made!

Selections	End of Season Points	Stake Per Point	Profit
Buy West Ham at 50	65	5	(65-50) x £5 = £75
Sell Aston Villa at 47	33	3	(47-33) x £3 = £42

Relegation is a prospect that many Premiership sides won't want to contemplate this season but a dogfight towards the end of the campaign is a near certainty. Similar to the Championship 60 Index quoted above, Sporting Index have created a Premiership Relegation Index where varying tallies are given to the teams who finish in the bottom six positions of the league.

Many believe that Sunderland will struggle and will therefore be "Buying" them on the Relegation Index. Their current quote is "12-15", meaning a rock bottom finish would delight every Newcastle fan, not to mention punters who made a "Buy" at a stake of £1 a point. The Black Cats could even escape relegation by the skin of their teeth by matching last season's finish of fourth-bottom, and you would still make a profit! The downside to this bet would be a Sunderland finish above the bottom six, hitting the pocket to the tune of £15.

Final Position	Points Awarded	Outcome	Stake per Point	Profit / Loss
Bottom	60	(60-15) = 45	£1	£45
2nd Bottom	40	(40-15) = 25	£1	£25
3rd Bottom	30	(30-15) = 15	£1	£15
4th Bottom	20	(20-15) = 5	£1	£5
5th Bottom	10	(10-15) = -5	£1	- £5
6th Bottom	5	(5-15) = -10	£1	- £10
Other	0	(0-15) = -15	£1	-£15

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