Gambling Spread Explained
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Reading a Point Spread 1 Notice that point spreads adjust the score for the favorite team. This is easiest to see with an example: If the New York Knicks are playing the Boston Celtics, and Boston is favored to win by a 4-point spread, then a bet on Boston only pays out if Boston wins by more than 4 points.
Are you serious about making money from betting on soccer? If you answeredyes to that question, then you’re going to want to limit the number of mistakesyou make. There’s an article in our soccer betting guide that actually addressesthe common mistakes made by soccer bettors. This article is designed to helppeople identify the errors they are making that will inevitably cost them money.One of the mistakes we mention is ignoring the many alternative bettingopportunities that soccer presents.
*The return on the wager is higher. This is because betting on the US presidential election underdog is seen as a more risky bet. When Trump’s election odds are set at -125, presidential bet odds give Republicans a 55.56% chance of winning. How Accurate Are The Betting Odds For The Election.
*What is a Point Spread or Side Bet? A point spread is used in sports betting to even the odds between two unevenly matched teams. Each team is given a point total by the oddsmaker that can either be added or subtracted to the final score, thus factoring into if the bet was won or lost.
We understand why so many people have a tendency to want to stick to thesimple wagers they are comfortable with. However, understanding the differenttypes of soccer wagers is one good way to improve your chances of identifyingbetter opportunities. By learning how to use the right type of wager in theright situation, you’ll find it much easier to find value in the bettingmarkets.
In addition to using alternative wagers, you should also consider spreadbetting on soccer. This is an entirely different way to gamble on soccer, and itcan be very profitable. There can be a great deal of risk involved, however,which is why it’s vital to make sure you understand what you’re doing. That’swhy we’ve written this article. We explain what spread betting is as it relatesto soccer, provide some useful tips and advice, and discuss some recommendedstrategies.Soccer Spread Betting Explained
We want to make one thing very clear before we get started. Spread betting isNOT the same as betting on the point spread. Also known as handicap betting, thepoint spread is a very popular way to wager on sports. Looking at the UnitedStates, in particular, people use this form of betting on American football,basketball and ice hockey. Although their names are similar, they actually havevery little in common.
Let’s quickly explain how a point spread works, just so you’ll understand thedifferences. With the point spread, you’re making a fixed odds wager on a game.In this type of wager, the favorite is effectively deducted points (or goals inthe case of soccer) and the underdog is awarded points. These adjustments in thepoints/goals are referred to as the spread. Here’s an example.Watford -1.51.91
If you backed Hull City on this point spread, you’d win your wager as long asone of the three outcomes occurred: they won, they drew or they lost by lessthan 1 goal. This is because 1.5 goals are “added” to their score for thepurposes of the wager. If you backed Watford, you’d need them to win by at leasttwo goals. This is because 1.5 goals are “removed” from the score for thepurposes of the wager. When you win, you’re paid out based on the agreed odds(1.91 in this case). When you lose, you are giving up your initial stake.
Spread betting DOESN’T involve fixed odds, and you don’t simply win or lose.
These are the key differences. With spread betting, there are no oddsinvolved at all. There’s no fixed stake or fixed payout either. Instead, wagersare settled based on how accurate (or inaccurate) your predictions were. Themore right you were, the more you win. The more wrong you were, the more youlose.
In some respects, spread betting is a little like betting the over/under. Thebookmaker sets a spread for a specific market, and you have to predict whetherthe relevant total will be higher or lower than the spread. But instead of justwinning or losing your wager based on the outcome, how much you win or losedepends on how much higher or lower the relevant total is.
We realize that this probably comes across as way more complicated than itactually is. We’re going to use an example to make this easier to understand.Here’s how a spread betting market might look for the total number of goalsscored in a soccer game.Buy2.50
As you can see, there are two options here. We can sell at 2.30, or we canbuy at 2.50. Do not confuse these numbers with odds, as they actually justrelate to the number of goals. We “sell” at 2.30 if we’re expecting there to beLESS than 2.3 goals, and we “buy” at 2.50 if we’re expecting there to be MOREthan 2.5 goals. The difference between the two numbers is called the spread.Sound familiar? You guessed it! That’s where this form of betting gets its name.
The amount of money we make or lose on our wagers is determined by acombination of three things.
*The number of goals we bought or sold at
*The stake we bought or sold for
*The number of goals scored in the game
Let’s say that we’d chosen to buy at 2.50, for a $10 stake. If there weremore than 2.5 goals in the game, we’d win. Our payout would be calculated bymultiplying our stake by the difference between the number of goals scored andthe number of goals we bought at. So if there were three goals, for example,we’d win $5. Three minus 2.5 is 0.5, which gives us $5 when we multiply that byour $10 stake. If there were four goals, we’d win $15. Four minus 2.5 is 1.5,which gives us $15 when we multiply that by our $10 stake.
If there were less than 2.5 goals in the game, we’d lose. Our losses would becalculated in the same way. If there were no goals scored, for example, we’dlose $25. 2.5 minus zero is 2.50, which is $25 when multiplied by our $10 stake.If there was just one goal scored, we’d lose $15. 2.5 minus one is 1.5. Multiplythat by our $10 stake and we get $15.
The principle is pretty much the same when selling, but in reverse. If wechose to sell at 2.30, we’d win if there were less than 2.3 goals scored andwe’d lose if there were more. The amount we’d win or lose would be calculatedusing the same principle we just outlined.
As you can see, spread betting really isn’t that complex at all: not once youunderstand the basic concept. You buy when you expect the relevant total to behigher than quoted, and you sell when you expect it to be lower. How much moneyyou’ll win or lose is calculated by multiplying your initial stake by thedifference between the final total and the number you bought or sold at.
Where spread betting starts to get more complicated is with all the differentmarkets available. Not all of the markets are as straightforward as the totalgoals market we just used in our example. Let’s take a deeper look at thevarious markets that are available.Soccer Spread Betting Markets
The bookmakers that offer sports spread betting usually have a huge range ofmarkets available for soccer games. We’ll start by listing some of the simplermarkets below.
*Total corners
*Total bookings
*Total team goals
*Total first half goals
*Total second half goals
*Total offsides
Each of these markets works in the same way as the total goals market. Thebookmaker sets a spread, and you have to decide whether the final total will behigher or lower. For total corners, you’re wagering on how many corners therewill be in a game. For total bookings, you’re wagering on how many bookingsthere will be in a game. And so on.
In addition to these markets, there are some other over/under type marketsthat are a little more complex. These include the following.
*Total shirt numbers
*Total goal minutes
*Total team goal minutes
*Total player goal minutes
For total shirt numbers, you’re wagering on the aggregate total of the shirt(jersey) numbers of all the players who start the match. This is what we wouldconsider to be a novelty market, and not one we recommend getting involved with.Unless you have inside information about which players are going to start agame, it basically comes down to an educated guess. This isn’t really a problemfor anyone just betting for fun, but it’s not a good way to make money in thelong run.
For total goal minutes, you’re wagering on the cumulative total number ofminutes on the clock when any goals are scored. For example, let’s say a gamefeatured three goals and they were scored on the 21st, 42nd and 65th minutes.The total here would be 128 (21 + 42 + 65). Again, this is a novelty market inour opinion. Some people believe they can make informed judgements here, butwe’re not really sure how.
Total team goal minutes and total player goal minutes work in the same was astotal goal minutes. They’re just based on the goal minutes for a specific teamor specific player.
There are lots of other markets for soccer games too. Most of these are evenmore complicated, and many of them are just simply not worth experimenting with.There are a few exceptions though. Here’s a list of the ones we recommendlearning about.
*Win index
*Goal supremacy
*Goals x corners
*First goal minutes
Win index markets are quoted per team. The exact rules vary from onebookmaker to another, but these are usually points based markets where teams areawarded points based on whether they win, lose or draw. For example, a bookmakermay award 25 points for a win, 10 points for a draw, and 0 points for a loss.
Here’s how a win index market might look for the Newcastle United versusLeeds United game we mentioned earlier.Buy19.50
This market is for Newcastle’s result in the game. We would buy at 19.50 ifwe thought Newcastle were going to win, as that would earn them 25 points. If wethought that they were going to lose or draw, we’d sell at 18.00
Goal supremacy is based on the winning margin of a game. Here’s an example.Newcastle Utd. vs Leeds Utd.Goal Supremacy (Newcastle)Buy1.35
Note that this refers to Newcastle goal supremacy specifically, so thismarket is for how many goals Newcastle will win by. If we thought that they’dwin by more than one goal, we’d buy at 1.35. If we thought that they’d win byonly one goal, or that they’d lose or draw the game, we’d sell at 1.15. Anegative result is possible with this market. If Leeds won by two goals, forexample, then the result would be -2.
Goals x corners is one of the more unusual soccer spread betting markets. Therelevant total here is the number of goals scored multiplied by the number ofcorners. So if there were two goals scored in a game, and ten corners, the finaltotal would be 20. We don’t generally pay too much attention to this market, butevery once in awhile we will place a wager here.
First goal minutes is based on the time of the first goal scored in a game.If the first goal was scored in the 15th minute, for example, then the resultwould be 15. If the first goal was scored in the 67th minute, the result wouldbe 67. At most bookmakers, no goal at all means the result is 90. Otherbookmakers have different rules though, so check to make sure.
Any bookmaker that offers soccer spread betting will provide a complete listof all the different markets on their website. Typically, we don’t recommendgetting involved with any of the markets not outlined on our site, but it neverhurts to see what’s available. Who knows? You might discover a new, attractivemarket that we have never come across before.Spread Betting on Soccer vs Fixed Odds Betting
Spread betting on soccer is nowhere near as popular as fixed odds betting forseveral reasons. One major reason is that people aren’t even aware of it.Another is that some people think it’s more complicated than it actually is.That’s understandable really, as it DOES appear quite complex until youunderstand the basic concept.
There are also some notable disadvantages to spread betting when comparedwith fixed odds betting. The following are especially significant.
*Stakes and payouts are not fixed
*Potential for big losses
*Fewer companies to bet with
*Bonuses and rewards are less common/valuable
Most people who place wagers on soccer are what we call recreational bettors.We referred to these people in the introduction to this article. They’re theones who are only really interested in having fun, so they like to keep thingsas simple as possible. With fixed odds they know exactly how much they stand towin or lose for every wager that they place. The same cannot be said with spreadbetting, which can make some people a little nervous.
There’s also the potential for huge losses, and when we say huge, we meanHUGE. With some spread betting markets, it’s possible to lose the initial stakemany times over. When the unexpected happens, which is does very often; thelosses can be very substantial. This means a sizeable bankroll is required,which is not an option for everyone. Even when it is an option, there are plentyof people who simply don’t like being exposed to such high levels of risk.
The third disadvantage on our list won’t have a huge impact on everyone, butit’s worth mentioning nonetheless. There are LOTS of options when it comes tofixed odds betting, with hundreds of bookmakers and betting sites to choosefrom. With spread betting, however, the options are more limited. There are onlya few spread betting firms that are genuinely reputable and trustworthy, andmost of them only operate in specific regions. In some parts of the world, thereare no decent options at all.
Now it’s time to discuss our fourth and final disadvantage, which can have asignificant impact on those who wager for high stakes or in high volume. Mostonline bookmakers and betting sites offer bonuses and rewards to theircustomers. This gives you the opportunity to add extra value to your bankrolljust by depositing and wagering as normal. The more you wager, the more valuablethe bonuses and rewards are likely to be. Spread betting firms, on the otherhand, don’t tend to be quite as generous with the bonuses and rewards that theyoffer. It can be frustrating to miss out on this much value.
Anyone who is seriously thinking about spread betting on soccer shoulddefinitely take these disadvantages into account. There are also some advantagesworth considering too. Just take a look at the list below.
*Potential for big returns
*More betting options
*Value is often easier to identify
*Able to close positions early
*Winners are unlikely to have accounts limited or closed
Finally, it’s time to talk about some of the positives! The flipside to thepotential for big losses that we mentioned earlier is the fact that there’s alsothe potential for big returns. As an example, let’s say we bought total goals ina soccer game. Although it’s rare, high scoring games are always a possibility.Six, seven or even more goals has the potential to give us a nice return on ourmoney, perhaps five times our initial stake or higher. If we only bet on theover/under with a traditional bookmaker, then we’d have just won at theappropriate odds. That would almost certainly have meant a lower payout.
Having more betting options is ALWAYS a good thing, and spread bettingdefinitely gives you that. There are all kinds of different markets as wediscussed earlier, and this makes it much easier to find good spots for placinga wager.
Identifying value in fixed odds soccer betting markets can be extremelydifficult. The bookmakers are very good at setting their odds at just the rightlevels, so that it’s not at all clear where the value lies. While the samegeneral principle applies to spread betting, there still seems to be moreopportunities to easily spot value. This is probably because the people who setthe spreads are more likely to take positions based on their own opinions, whichmeans you’ll often see spreads that are significantly different than the rest ofthe market. If you have a strong opinion yourself, you may be able to takeadvantage of these off-market spreads.
Being able to close positions early is one of the biggest advantages of all.This is actually possible with fixed odds betting these days, thanks to the“cash out” feature that most bookmakers offer, but it usually comes at a cost.The amount of any cash out offer you receive for an existing wager willtypically have a big margin built in. With spread betting, closing a positionearly isn’t nearly as expensive.
Essentially, all it means is settling a wager early. For example, let’s saywe bought total goals at 2.10 for a game. Just 20 minutes into the game, and twogoals have already been scored. Yikes, this makes us a little nervous. The totalgoals spread will now move, as it’s adjusted during a game based on whathappens. With two goals scored after 20 minutes, it would probably be atsomething like 3.60 – 3.80. We could close our position and make a profit of 1.5times our initial stake. The 1.5 is the difference between the price we boughtat and the current price to sell.
Doing this would protect us against no more goals being scored. We’rebasically taking a safe option to ensure a profit. We can use similar tactics tocut our losses. Let’s say we had sold total goals in this game rather thanbought them, at 1.90. The two early goals would mean that we’re alreadyguaranteed to lose, but we could lose A LOT if several more goals were to bescored. We could instead close our position and take a loss of 2.9 times ourinitial stake. The 2.9 is the difference between the price we sold at and thecurrent price to buy.
It’s not always right to close a position early of course, but it’s nice tohave the option. If our outlook changes after watching part of a game, we canclose our initial position and then enter another one if we want. The scenariowe just went over is a prime example of when taking this approach would bebeneficial. If it’s relatively early on in the game and the odds have alreadymoved substantially, then it makes sense to cut our losses to avoid adevastating loss. It can also make sense to take some guaranteed profit whenit’s available, rather than risk that profit for the chance of making even more.
The final advantage on our list is very enticing for soccer bettors who winmoney consistently. Bookmakers and betting sites don’t like customers who win,for obvious reasons, so they’ll often limit the amounts that these customers canstake. In some instances, their accounts may be closed permanently. This meansit can be difficult for winning bettors to place their wagers. They can alwaysmove on to a new bookmaker of course, but there are only so many trustworthybookmakers to go to.
Those who choose spread betting will very rarely run into a situation wheretheir accounts will be limited or closed. The bookmakers who offer spreadbetting make their profits based on the size of the spread, and providing theyget reasonably balanced action they’r
https://diarynote.indered.space
Reading a Point Spread 1 Notice that point spreads adjust the score for the favorite team. This is easiest to see with an example: If the New York Knicks are playing the Boston Celtics, and Boston is favored to win by a 4-point spread, then a bet on Boston only pays out if Boston wins by more than 4 points.
Are you serious about making money from betting on soccer? If you answeredyes to that question, then you’re going to want to limit the number of mistakesyou make. There’s an article in our soccer betting guide that actually addressesthe common mistakes made by soccer bettors. This article is designed to helppeople identify the errors they are making that will inevitably cost them money.One of the mistakes we mention is ignoring the many alternative bettingopportunities that soccer presents.
*The return on the wager is higher. This is because betting on the US presidential election underdog is seen as a more risky bet. When Trump’s election odds are set at -125, presidential bet odds give Republicans a 55.56% chance of winning. How Accurate Are The Betting Odds For The Election.
*What is a Point Spread or Side Bet? A point spread is used in sports betting to even the odds between two unevenly matched teams. Each team is given a point total by the oddsmaker that can either be added or subtracted to the final score, thus factoring into if the bet was won or lost.
We understand why so many people have a tendency to want to stick to thesimple wagers they are comfortable with. However, understanding the differenttypes of soccer wagers is one good way to improve your chances of identifyingbetter opportunities. By learning how to use the right type of wager in theright situation, you’ll find it much easier to find value in the bettingmarkets.
In addition to using alternative wagers, you should also consider spreadbetting on soccer. This is an entirely different way to gamble on soccer, and itcan be very profitable. There can be a great deal of risk involved, however,which is why it’s vital to make sure you understand what you’re doing. That’swhy we’ve written this article. We explain what spread betting is as it relatesto soccer, provide some useful tips and advice, and discuss some recommendedstrategies.Soccer Spread Betting Explained
We want to make one thing very clear before we get started. Spread betting isNOT the same as betting on the point spread. Also known as handicap betting, thepoint spread is a very popular way to wager on sports. Looking at the UnitedStates, in particular, people use this form of betting on American football,basketball and ice hockey. Although their names are similar, they actually havevery little in common.
Let’s quickly explain how a point spread works, just so you’ll understand thedifferences. With the point spread, you’re making a fixed odds wager on a game.In this type of wager, the favorite is effectively deducted points (or goals inthe case of soccer) and the underdog is awarded points. These adjustments in thepoints/goals are referred to as the spread. Here’s an example.Watford -1.51.91
If you backed Hull City on this point spread, you’d win your wager as long asone of the three outcomes occurred: they won, they drew or they lost by lessthan 1 goal. This is because 1.5 goals are “added” to their score for thepurposes of the wager. If you backed Watford, you’d need them to win by at leasttwo goals. This is because 1.5 goals are “removed” from the score for thepurposes of the wager. When you win, you’re paid out based on the agreed odds(1.91 in this case). When you lose, you are giving up your initial stake.
Spread betting DOESN’T involve fixed odds, and you don’t simply win or lose.
These are the key differences. With spread betting, there are no oddsinvolved at all. There’s no fixed stake or fixed payout either. Instead, wagersare settled based on how accurate (or inaccurate) your predictions were. Themore right you were, the more you win. The more wrong you were, the more youlose.
In some respects, spread betting is a little like betting the over/under. Thebookmaker sets a spread for a specific market, and you have to predict whetherthe relevant total will be higher or lower than the spread. But instead of justwinning or losing your wager based on the outcome, how much you win or losedepends on how much higher or lower the relevant total is.
We realize that this probably comes across as way more complicated than itactually is. We’re going to use an example to make this easier to understand.Here’s how a spread betting market might look for the total number of goalsscored in a soccer game.Buy2.50
As you can see, there are two options here. We can sell at 2.30, or we canbuy at 2.50. Do not confuse these numbers with odds, as they actually justrelate to the number of goals. We “sell” at 2.30 if we’re expecting there to beLESS than 2.3 goals, and we “buy” at 2.50 if we’re expecting there to be MOREthan 2.5 goals. The difference between the two numbers is called the spread.Sound familiar? You guessed it! That’s where this form of betting gets its name.
The amount of money we make or lose on our wagers is determined by acombination of three things.
*The number of goals we bought or sold at
*The stake we bought or sold for
*The number of goals scored in the game
Let’s say that we’d chosen to buy at 2.50, for a $10 stake. If there weremore than 2.5 goals in the game, we’d win. Our payout would be calculated bymultiplying our stake by the difference between the number of goals scored andthe number of goals we bought at. So if there were three goals, for example,we’d win $5. Three minus 2.5 is 0.5, which gives us $5 when we multiply that byour $10 stake. If there were four goals, we’d win $15. Four minus 2.5 is 1.5,which gives us $15 when we multiply that by our $10 stake.
If there were less than 2.5 goals in the game, we’d lose. Our losses would becalculated in the same way. If there were no goals scored, for example, we’dlose $25. 2.5 minus zero is 2.50, which is $25 when multiplied by our $10 stake.If there was just one goal scored, we’d lose $15. 2.5 minus one is 1.5. Multiplythat by our $10 stake and we get $15.
The principle is pretty much the same when selling, but in reverse. If wechose to sell at 2.30, we’d win if there were less than 2.3 goals scored andwe’d lose if there were more. The amount we’d win or lose would be calculatedusing the same principle we just outlined.
As you can see, spread betting really isn’t that complex at all: not once youunderstand the basic concept. You buy when you expect the relevant total to behigher than quoted, and you sell when you expect it to be lower. How much moneyyou’ll win or lose is calculated by multiplying your initial stake by thedifference between the final total and the number you bought or sold at.
Where spread betting starts to get more complicated is with all the differentmarkets available. Not all of the markets are as straightforward as the totalgoals market we just used in our example. Let’s take a deeper look at thevarious markets that are available.Soccer Spread Betting Markets
The bookmakers that offer sports spread betting usually have a huge range ofmarkets available for soccer games. We’ll start by listing some of the simplermarkets below.
*Total corners
*Total bookings
*Total team goals
*Total first half goals
*Total second half goals
*Total offsides
Each of these markets works in the same way as the total goals market. Thebookmaker sets a spread, and you have to decide whether the final total will behigher or lower. For total corners, you’re wagering on how many corners therewill be in a game. For total bookings, you’re wagering on how many bookingsthere will be in a game. And so on.
In addition to these markets, there are some other over/under type marketsthat are a little more complex. These include the following.
*Total shirt numbers
*Total goal minutes
*Total team goal minutes
*Total player goal minutes
For total shirt numbers, you’re wagering on the aggregate total of the shirt(jersey) numbers of all the players who start the match. This is what we wouldconsider to be a novelty market, and not one we recommend getting involved with.Unless you have inside information about which players are going to start agame, it basically comes down to an educated guess. This isn’t really a problemfor anyone just betting for fun, but it’s not a good way to make money in thelong run.
For total goal minutes, you’re wagering on the cumulative total number ofminutes on the clock when any goals are scored. For example, let’s say a gamefeatured three goals and they were scored on the 21st, 42nd and 65th minutes.The total here would be 128 (21 + 42 + 65). Again, this is a novelty market inour opinion. Some people believe they can make informed judgements here, butwe’re not really sure how.
Total team goal minutes and total player goal minutes work in the same was astotal goal minutes. They’re just based on the goal minutes for a specific teamor specific player.
There are lots of other markets for soccer games too. Most of these are evenmore complicated, and many of them are just simply not worth experimenting with.There are a few exceptions though. Here’s a list of the ones we recommendlearning about.
*Win index
*Goal supremacy
*Goals x corners
*First goal minutes
Win index markets are quoted per team. The exact rules vary from onebookmaker to another, but these are usually points based markets where teams areawarded points based on whether they win, lose or draw. For example, a bookmakermay award 25 points for a win, 10 points for a draw, and 0 points for a loss.
Here’s how a win index market might look for the Newcastle United versusLeeds United game we mentioned earlier.Buy19.50
This market is for Newcastle’s result in the game. We would buy at 19.50 ifwe thought Newcastle were going to win, as that would earn them 25 points. If wethought that they were going to lose or draw, we’d sell at 18.00
Goal supremacy is based on the winning margin of a game. Here’s an example.Newcastle Utd. vs Leeds Utd.Goal Supremacy (Newcastle)Buy1.35
Note that this refers to Newcastle goal supremacy specifically, so thismarket is for how many goals Newcastle will win by. If we thought that they’dwin by more than one goal, we’d buy at 1.35. If we thought that they’d win byonly one goal, or that they’d lose or draw the game, we’d sell at 1.15. Anegative result is possible with this market. If Leeds won by two goals, forexample, then the result would be -2.
Goals x corners is one of the more unusual soccer spread betting markets. Therelevant total here is the number of goals scored multiplied by the number ofcorners. So if there were two goals scored in a game, and ten corners, the finaltotal would be 20. We don’t generally pay too much attention to this market, butevery once in awhile we will place a wager here.
First goal minutes is based on the time of the first goal scored in a game.If the first goal was scored in the 15th minute, for example, then the resultwould be 15. If the first goal was scored in the 67th minute, the result wouldbe 67. At most bookmakers, no goal at all means the result is 90. Otherbookmakers have different rules though, so check to make sure.
Any bookmaker that offers soccer spread betting will provide a complete listof all the different markets on their website. Typically, we don’t recommendgetting involved with any of the markets not outlined on our site, but it neverhurts to see what’s available. Who knows? You might discover a new, attractivemarket that we have never come across before.Spread Betting on Soccer vs Fixed Odds Betting
Spread betting on soccer is nowhere near as popular as fixed odds betting forseveral reasons. One major reason is that people aren’t even aware of it.Another is that some people think it’s more complicated than it actually is.That’s understandable really, as it DOES appear quite complex until youunderstand the basic concept.
There are also some notable disadvantages to spread betting when comparedwith fixed odds betting. The following are especially significant.
*Stakes and payouts are not fixed
*Potential for big losses
*Fewer companies to bet with
*Bonuses and rewards are less common/valuable
Most people who place wagers on soccer are what we call recreational bettors.We referred to these people in the introduction to this article. They’re theones who are only really interested in having fun, so they like to keep thingsas simple as possible. With fixed odds they know exactly how much they stand towin or lose for every wager that they place. The same cannot be said with spreadbetting, which can make some people a little nervous.
There’s also the potential for huge losses, and when we say huge, we meanHUGE. With some spread betting markets, it’s possible to lose the initial stakemany times over. When the unexpected happens, which is does very often; thelosses can be very substantial. This means a sizeable bankroll is required,which is not an option for everyone. Even when it is an option, there are plentyof people who simply don’t like being exposed to such high levels of risk.
The third disadvantage on our list won’t have a huge impact on everyone, butit’s worth mentioning nonetheless. There are LOTS of options when it comes tofixed odds betting, with hundreds of bookmakers and betting sites to choosefrom. With spread betting, however, the options are more limited. There are onlya few spread betting firms that are genuinely reputable and trustworthy, andmost of them only operate in specific regions. In some parts of the world, thereare no decent options at all.
Now it’s time to discuss our fourth and final disadvantage, which can have asignificant impact on those who wager for high stakes or in high volume. Mostonline bookmakers and betting sites offer bonuses and rewards to theircustomers. This gives you the opportunity to add extra value to your bankrolljust by depositing and wagering as normal. The more you wager, the more valuablethe bonuses and rewards are likely to be. Spread betting firms, on the otherhand, don’t tend to be quite as generous with the bonuses and rewards that theyoffer. It can be frustrating to miss out on this much value.
Anyone who is seriously thinking about spread betting on soccer shoulddefinitely take these disadvantages into account. There are also some advantagesworth considering too. Just take a look at the list below.
*Potential for big returns
*More betting options
*Value is often easier to identify
*Able to close positions early
*Winners are unlikely to have accounts limited or closed
Finally, it’s time to talk about some of the positives! The flipside to thepotential for big losses that we mentioned earlier is the fact that there’s alsothe potential for big returns. As an example, let’s say we bought total goals ina soccer game. Although it’s rare, high scoring games are always a possibility.Six, seven or even more goals has the potential to give us a nice return on ourmoney, perhaps five times our initial stake or higher. If we only bet on theover/under with a traditional bookmaker, then we’d have just won at theappropriate odds. That would almost certainly have meant a lower payout.
Having more betting options is ALWAYS a good thing, and spread bettingdefinitely gives you that. There are all kinds of different markets as wediscussed earlier, and this makes it much easier to find good spots for placinga wager.
Identifying value in fixed odds soccer betting markets can be extremelydifficult. The bookmakers are very good at setting their odds at just the rightlevels, so that it’s not at all clear where the value lies. While the samegeneral principle applies to spread betting, there still seems to be moreopportunities to easily spot value. This is probably because the people who setthe spreads are more likely to take positions based on their own opinions, whichmeans you’ll often see spreads that are significantly different than the rest ofthe market. If you have a strong opinion yourself, you may be able to takeadvantage of these off-market spreads.
Being able to close positions early is one of the biggest advantages of all.This is actually possible with fixed odds betting these days, thanks to the“cash out” feature that most bookmakers offer, but it usually comes at a cost.The amount of any cash out offer you receive for an existing wager willtypically have a big margin built in. With spread betting, closing a positionearly isn’t nearly as expensive.
Essentially, all it means is settling a wager early. For example, let’s saywe bought total goals at 2.10 for a game. Just 20 minutes into the game, and twogoals have already been scored. Yikes, this makes us a little nervous. The totalgoals spread will now move, as it’s adjusted during a game based on whathappens. With two goals scored after 20 minutes, it would probably be atsomething like 3.60 – 3.80. We could close our position and make a profit of 1.5times our initial stake. The 1.5 is the difference between the price we boughtat and the current price to sell.
Doing this would protect us against no more goals being scored. We’rebasically taking a safe option to ensure a profit. We can use similar tactics tocut our losses. Let’s say we had sold total goals in this game rather thanbought them, at 1.90. The two early goals would mean that we’re alreadyguaranteed to lose, but we could lose A LOT if several more goals were to bescored. We could instead close our position and take a loss of 2.9 times ourinitial stake. The 2.9 is the difference between the price we sold at and thecurrent price to buy.
It’s not always right to close a position early of course, but it’s nice tohave the option. If our outlook changes after watching part of a game, we canclose our initial position and then enter another one if we want. The scenariowe just went over is a prime example of when taking this approach would bebeneficial. If it’s relatively early on in the game and the odds have alreadymoved substantially, then it makes sense to cut our losses to avoid adevastating loss. It can also make sense to take some guaranteed profit whenit’s available, rather than risk that profit for the chance of making even more.
The final advantage on our list is very enticing for soccer bettors who winmoney consistently. Bookmakers and betting sites don’t like customers who win,for obvious reasons, so they’ll often limit the amounts that these customers canstake. In some instances, their accounts may be closed permanently. This meansit can be difficult for winning bettors to place their wagers. They can alwaysmove on to a new bookmaker of course, but there are only so many trustworthybookmakers to go to.
Those who choose spread betting will very rarely run into a situation wheretheir accounts will be limited or closed. The bookmakers who offer spreadbetting make their profits based on the size of the spread, and providing theyget reasonably balanced action they’r
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