A fairly recent and novel way to bet on sports and football and once you get your head around it can be one of the most profitable. It is based on the principle of the stock market where you buy and sell events based on an opening and closing price. This of course means that with sports spread betting and financial spread betting brokers you can bet on a team losing and also close bets in play or even before they have started. In sports spread betting the market ranges from 0 to 100 and close at various points in between. As a customer you can enter the market by buying or selling at a price set by the bookie. For example if you wanted to spread bet on the World Cup on Brazil to win Spreadex are quoting a current price of 47.5 – 50.5. Read our Spreadex Sports Review…
The closing levels of the market for specific outcomes are:
- 100 points for a win
- 75 points for losing the semis
- 50 points for losing in the quarter finals
- 25 points for losing in the last 16
- 0 points if they lose sooner than than.
If you think they will win and you want to bet £10 for every point you are right it works like this. You buy at £10 per point with a price of 50.5. If they win the market closes at 100 so you win 49.5 points (£10 x 49.5 points = £490). If they lose in the semi finals the market closes at 75 so you win 24.5 points (£10x 24.5 = £245). If they lose in the quarter finals the market closes at 50 so you lose 0.5 points (£10x 0.5 = £5 loss). If they lose in the bottom 16 the market closes at 25 so you lose 25.5 points or £255. If they get kicked out before that the market closes at 0 so you lose £505. You can see it is a good way to hedge bets and not be an outright loser. If Brazil are playing badly early on in the tournament the price will go down so if you still think they can win you can buy more and average down or cut your losses early.
The best thing about sports spread betting is the flexibility of being able to get out early and win big.
Of course the opposite is true if you think they don’t stand a chance of winning you can sell them at 47.5. If they play badly to start off with and the price drops to 30 you can buy your bet back at 30 for a profit of 17.5 points (£10x 17.5 = £170) a nice early profit. We’ve highlighted the key sports spread betting bookies and the special offers they use to entice new customers, well worth a look as they are really exciting. One thing to bear in mind is that if you call a market wrong you can lose more than your initial bet and end up owing them so be sure to bet with only what you can afford to lose.