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What is sports spread betting? At Sporting Index we make predictions on various aspects of sporting or topical events. You then decide whether that prediction has been pitched too high or too low. What you then win or lose depends on the stake you choose and how right or wrong you are. 2. How does sports spread betting differ from traditional fixed-odds betting? With sports spread betting you are betting on the outcome of an event but the pay-out is based on the accuracy of the wager, rather than a simple 'win or lose' scenario. A spread is a range of outcomes, and a spread bet is whether the result will be above or below the spread. Use our Spread Bet Demos to check it out for yourself. 3. How does this affect me and my betting? In fixed-odds your potential winnings (and the amount you may lose) is fixed and known at the time the bet is struck. In spread betting, the amount you may win or lose will vary according to how right or wrong you are compared to our prediction. So unlike fixed-odds, the more right you are the more you win (and the more wrong the more you can lose). 4. Why do you quote two prices? You'll notice that our predictions are presented in the form of two prices. This range is known as the 'spread' and you bet low (also known as a 'sell') at the first named price and if you wish to bet high (known as a 'buy') you would do so at the second price. Your profit or loss is determined by the difference between the final result and the price you originally bought or sold at. See for yourself using our betting demos – it’s actually quite straightforward. |
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