Bookmark Website  | Free Registration  | The Team
The Lounge  | Champions  | The Wire |  Schedule |  Audio  |  Arcade  |  The Top Ten  |  Historical  |  Email  |  Video

A NO B.S. Explanation of Spread Betting For Newbies


Note: The goal of this article is to give you the basic idea and an overview of what index betting. It is not meant to be a comprehensive and detailed explanation of the game.

Index betting, otherwise referred as Spread Betting is a bet type, where you are rewarded by the degree, in which you are correct in selecting a winner of a sporting event. The amount you stand to either win or lose is not fixed, and therefore, with index betting, you never really know just how much money you will win (or lose), until after the event is over, or until you have 'closed out' your bet.

Now straight up, I must say, that this form of betting appeals only to certain types of punters, because this can be a volatile type of investment. If the game or match doesn't go as planned, you can be exposed to fairly hefty losses, because your downside can be, to an extent, unlimited. Anyone, who has traded options on the share market, should grasp this concept without too much trouble.

The concept is similar to that of the stock market, where if you like a team/player you 'buy', but if you think that the team/player will perform below market (or the bookmaker's) expectations, you would 'sell'.

Spread companies offer a number of different markets on the one game/match. In some cases, it is staggering as to the number of index markets that they offer on the one event. The more common of these are the total point markets (where you bet on the total of the outcome scores), match margin (predicting the winning margin), and the performance indices (examples would be betting the finishing position of a player in a golf tournament, or the finishing position of a driver in a Formula One race).

Best Explained With an Example.

A Rugby Union match between Australia and England. The total points market is 44 - 47. This means that if you fancy that the game will be a high scoring game, and that both teams will score more than 47, you buy at 47. If the end total for the game were 57 points, then you would be correct, and you win ten times your stake. In this example your stake is $10 per point, and $10 x 10 equals a profit of $100.

However, if the game total were only 37 points, you would be wrong to the tune of ten points, thus losing $100 (the difference between the buy price at 47 and the actual score).

The difference between the buy and sell prices is how the bookmaker makes his money.

Let's look at a cricket game between Australia and England.Australia is batting first, and the quote reads 220 - 230 for Australian runs. If you believe that Australia will make more than 230 runs, you buy. If you believe that Australia will make less than 220 runs, you sell.

Australia goes on to make 290 runs after a brilliant knock by Matthew Hayden. If you had bought Australian runs, you would be correct by 60 runs (290 - 230). You would collect 60 times your stake.

However, if Australia finds it difficult to score runs, and makes just 170, you will be wrong by 60 runs (230 - 170), thus losing 60 times your stake or $600 if you are using $10 as a unit.

Be aware, that the bookmaker naturally biases the spread in favour of the buy price. That is to say, we have an inherent built-in disadvantage betting the buy price, because of the way the bookmaker structures his spreads. He attempts to make the buy price less appealing, because of the disproportional number of punters who bet on buy prices.

There is much more demand for the buy price than for the sell. After all, the nature of a punter is to find a team or player who will perform well, as opposed to seeking teams/players who the punter believes will perform poorly. So keep this in mind, if you think that index betting is for you. You will find it much easier targeting the sell prices. Of course, this is not to say, that you can't find good bets buying, but just, that they are a little more difficult to find.

You may make a play at how many points a team will score over the regular season. For example, you believe that NZ Warriors are set for an ordinary year, so you sell at the spread of 31 - 33. This means, that you are betting, that the Warriors will score less than 31 points over the course of the season.

Starting off, it can be quite confusing getting your head around the concept. (I know, because it took me some time to understand fully and to grasp what was going on, and how I could make money from this type of betting.)

This article has been just a very short overview of spread betting. If you are interested in the concept, and would like further information, go to www.puntingace.com and we have links to firms that deal in exactly this.

Spread betting is certainly not for everyone, and if you are not 100% confident in understanding the spread betting market, then I would seriously suggest that you stay out of it, until you gain more knowledge. You certainly can make a lot of money from successful spread betting, but the opposite is also true, you can lose a lot of money, if it all goes pear shape.

Australians Matt Elliott and Jess Kirley of http://www.puntingace.com , have been investing together professionally on sports for over 3 years now. They take a very mathematical approach to their betting, and liken it more trading a commosity like stocks than actual gambling. They continue to lead the industry with innovative approaches to sports betting and their reputation among their peers is a testinmony to that. Visit http://www.puntingace.com to discover how you too can turn your hobby of betting into a profitable endeavour.


MORE RESOURCES:

Kentucky casino supporters are increasingly mum
The Courier-Journal
While no candidate for Kentucky governor is actively campaigning against a constitutional amendment on casino gambling, the issue appears to be waning, even among its supporters. Champions of casino gambling aren't saying much, although the issue is ...



New Jersey Law Journal

As Casino Gambling Busts, Atlantic City Firms Play On
New Jersey Law Journal
The planned shuttering of three casinos over Labor Day weekend or soon after—Revel, Showboat and Trump Plaza—would seem to have dealt a cruel hand to the legal industry in Atlantic City, N.J. But, nearly four decades after gambling was legalized in ...
The rise and fall of Atlantic CityCNBC
Beleaguered Atlantic City gets vote of support from business leadersNewsworks.org
Uncertainty for Workers Losing Jobs at Atlantic City CasinosNew York Times
Philly.com -GamingTodaySlotsToday
all 270 news articles »


Boston Globe

Christian right, political left unite in opposing casinos
Boston Globe
Politics famously makes strange bedfellows, but this odd coupling is as strange as it gets: On the issue of casino gambling, the liberal left and the Christian right share common ground, united in hoping to keep the gambling industry out of Massachusetts.



New York Times

The Crowded Market for Casino Gambling
New York Times
More than half the population in the Northeast now lives within 25 miles of a casino featuring video lotteries, table games or slot machines, up from about 10 percent a decade ago. As the market grows crowded, many older casinos are declining or going ...
As Casino Business Softens, Atlantic City Promoting Its Non-Gambling ...CBS Local
Closing of Revel Casino Deals Another Blow to Atlantic CityWall Street Journal
Lawmakers to consider changing laws to allow casinos outside of Atlantic CityNews 12 New Jersey
NJ.com -Businessweek
all 480 news articles »


SFGate

Baltimore's casino reality [Editorial]
Baltimore Sun
Chad Barnhill is the Senior Vice President and General Manager of Horseshoe Casino Baltimore He gives a tour of the $442-million casino. (Kevin Richardson/Baltimore Sun video). 12:29 p.m. EDT, August 26, 2014. Tonight, Baltimore becomes a casino ...
With the Horseshoe casino, Baltimore adds to the urban gambling jackpotWashington Post
Horseshoe Casino Opening TonightWBAL Radio
Horseshoe Casino Baltimore now open in MarylandWJLA
State Journal
all 197 news articles »


Casino gambling: Any hope has faded
Foster's Daily Democrat
During a recent editorial board meeting, Gov. Maggie Hassan pooh-poohed the notion that the casino industry is in decline and therefore it is a bad bet for New Hampshire to expand casino gambling. The governor brushed aside our challenge by saying she ...

and more »


New Jersey Law Journal

Poll finds majority of New Jersey residents still oppose casino gambling ...
Press of Atlantic City
A majority of state residents continue to oppose expanding casino gambling outside of Atlantic City, according to a new poll, although residents are essentially split on adding casinos to the Meadowlands or Monmouth Park.
Garden State majority opposed to casinos outside Atlantic CityNJ TODAY
New Jersey residents unsure on casinos outside Atlantic City gambling meccaWABC-TV
Poll: N.J. residents split on gambling outside Atlantic CityPhilly.com
Burlington County Times
all 138 news articles »


LegalUSPokerSites.com

Progressive Slots Network Links New Jersey and Nevada Casino Gambling
LegalUSPokerSites.com
The states of Nevada and New Jersey launched the beginnings of a multi-state progressive jackpot network this week. The two states introduced of a cooperative progressive slots network, linking Las Vegas with Atlantic City slots. The multi-state ...



Investing in Casino Gambling
Wealth Daily
Anyone who has spent any amount of time at a casino — whether a brick-and-mortar locality or an online gaming site — knows that the odds always favor the house. After all, gaming companies wouldn't be in business for long if they didn't retain an ...

and more »


Casino gambling in Myrtle Beach unlikely, SC politicians say
The State
MYRTLE BEACH — Every few years, you can bet on hearing the renewed debate about casinos possibly coming to the Grand Strand. Those who support casinos say that the facilities would boost tourism to those who are looking to gamble while opponents ...

and more »

Google News


Advertisement



Section Site Map - Submit News - Feedback - Comments - Advertise with Us

Copyright © 2006 Luminati Inc. All rights reserved.