What is Spread Betting?
Spread Betting is not complicated. Like driving a car, many people decide that it is too difficult without even giving it a try. In fact, once the simple concept has been grasped, it becomes extremely easy to understand.
The Spread Betting Firm make a prediction on a particular aspect of a sporting event, such as how many goals will be scored in a game of football.
You simply decide whether the prediction is too high or too low.
If you think that they are spot on, you don't bet. It's that simple.
Remember Bruce Forsyth's, 'Play Your Cards Right'? The basic concept is exactly the same. "Higher Higher! Lower! Lower! The amount you win or lose depends on how right or wrong you are.
With a basic understanding of this concept, spread betting is easy to understand. Never lose sight of that image of Bruce Forsyth gesturing to the audience on whether a contestant should go higher or lower. He could say, “Sporting Index reckon England will score 250 runs”, 'what do you reckon? “higher or lower?”
Every time they make a prediction they are asking you the same question…
How does it work?
When you choose to challenge one of their predictions, you must decide the size of your betting stake.
The amount you win or lose depends on the size of your stake multiplied by how correct or how wrong you are.
Let's say that they predict that there will be 3 goals in a football match. You reckon that there will be more so you bet higher with a stake of £10 for every goal above 3.
If there were 5 goals in the game, you would have won (5 – 3) x your stake = 2 x £10 = £20.
If only 2 goals had been scored in the game, you would have lost (3 – 2) x your stake = 1 x £10 = £10.
Why Spread Bet?
Spread betting has some significant benefits when compared to other forms of betting:
1. Your involvement lasts all the way through to the last minute.
2. The more you’re right, the more you win and vice versa.
3. You can close bets or open new ones at any time during live events.
4. You can back teams or individuals to perform well or badly.
5. You can oppose favourites without nominating who will beat them.
Where can I spread bet?
The best two spread betting firms are Sporting Index and
BetHiLo.
Sporting Index offer a free £250 bet!!!!
That's right, a free £250 spread bet on anything you like, just sign up now by clicking the banner below!
Bet365 is one of the UK's leading independent bookmakers, which operates licensed shop-based, telephone and internet services. Bet365 offers a greater selection and even more 'specials' across all major international sporting events, 24 hours a day. New customers are offered a fantastic sign up bonus of a Free £10 Bet!
