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Football is one of the most popular sports in the world. People love placing wagers on matches. It adds a lot of excitement to it. Spread bets work so well with the sport because there are so many things that you can place wagers on. Although there are very few statistics that are taken throughout the match that does not limit the amount of things that you can place wagers on as you will soon find out.
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What is spread betting on football? An introduction:
Football is the biggest sport for betting in the UK and Europe. It’s no surprise then it is the most popular sport for spread betting UK too.
Compared to regular fixed odds betting, spread betting is much more exciting due to how variable it is. It isn’t just about being right or wrong. Your profit or losses are about how right or wrong you are.
You can bet on a huge range of markets including goals, total goal minutes, corners, bookings and more. There are even player performance markets so you can place bets on the performance of individual players. You can do all this through online spread betting too.
A few sports spread betting on football examples:
Let us take a quick look at a sports spread betting market to see how it works. We have used Total Goals in the example to illustrate the mechanics of spread betting. Total Goals is simply a bet on the number of goals scored in a football match.
A look at buying and selling
Before the game Spreadex will put out a spread, for example 2.8 – 3 representing how many goals the firm thinks will be scored in a game.
This simply means if you think the final result will fall below 2.8 goals you would sell, if you think it would be higher than 3 you would buy.
What about my football sports spread betting stake?
When placing regular fixed odds bets your stake is your maximum exposure.
However, it works differently with spread betting. Your stake acts as a multiplier of how right or wrong you are.
You can win and lose many times more than your stake depending on the volatility of each market.
To help you stake appropriately, think about the typical result and consider the chance of the worst case scenario happening. For example 2-3 goals are scored on average in a Premier League game. If you buy Total Goals, it would only ever settle at 0 in the worst case scenario.
In general, the wider the spread (the difference between the buy and the sell price) the more volatile the market will be.
A worked example of a sports spread bet on football
Using the example above – Spreadex has put a spread out of 2.8 – 3 on Total Goals on the next game.
If I thought the game was going to be low scoring I would sell at 2.8. If the game ended 1 -1 the market would settle at 2. If I sold at £10 a point I would win £8 ((2.8 – 2) * £10.
If I thought more than 3 goals would be scored I would buy at 3. If I staked £10 per point movement and it ended 1-1 I would lose £10 ((2 – 3) x £10).