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:

4 Reasons Blackjack Remains the World's Favorite Casino Gambling Game
Blackjack Champ
The casino gambler has almost unlimited options at their disposal. Given that, why is blackjack the most popular game? When most of us think of casinos, we think of the classic European table game of blackjack. Sure, there are other popular options ...



Chalkbeat Colorado

Ballot measure to allow casino gambling at racetracks gets green light
The Denver Post
A measure proposing to legalize casino gambling at the Arapahoe Park racetrack in Aurora received the green light Monday from Colorado Secretary of State Scott Gessler to appear on the November ballot. Based on a random sample of the 136,800 ...
Initiative #135 would legalize casinos at racetracks: Yea or neigh?Westword (blog)

all 8 news articles »


News 12 New Jersey

Racetracks push for casino gambling in plan to bring new life to racing
News 12 New Jersey
State horse racing operators are pushing for casino gambling to come to the racetracks, giving gamblers more ways to place bets. (7/29/14). EAST RUTHERFORD - State horse racing operators are pushing for casino gambling to come to the racetracks, giving ...



NJ May Be Ready To Roll Dice On Casino Gambling Expansion
Law360 (subscription)
Law360, New York (July 30, 2014, 9:10 PM ET) -- As pressure mounts for New Jersey to expand casino gambling beyond Atlantic City, lawmakers are considering putting the issue to voters before the end of an unofficial five-year moratorium, but questions ...



State should hold its horses on casino gambling
Glens Falls Post-Star
Moody's Investment Services recently downgraded the gambling industry from “stable” to “negative.” Eleven of the 15 states that have casino gambling have shown year over year declines in revenues. Moody's predicts revenues reported by states will ...



Genting bets on New York casino gambling
MiamiHerald.com
Malaysian gaming giant Genting Group — stymied so far in its bid to bring casino gambling to Miami — is pushing hard in New York, where it is competing to win casino licenses under a 2013 law that cleared the way for full-fledged gambling in the state.

and more »


NBCNews.com

Editorial: Chasing the fool's gold of casino gambling
SILive.com
This Tuesday, Oct. 12, 2010 file photo shows the Trump Plaza Hotel Casino in Atlantic City, N.J. The owners of the Trump Plaza casino in Atlantic City say they expect to shut it down in mid-September. Trump Entertainment Resorts tells The Associated ...
Casino Expansion Proposal Riding On North-South Political DealNJ Spotlight
Opinion: Atlantic City casino shake-out could be devastating to troubled cityNJ.com
Atlantic City: Casinos, gambling and the economyDigiNews
New York Times -NorthJersey.com -Washington Post
all 265 news articles »


Boston Globe

Casino gambling, sick time, bottle bill and gas tax questions make ...
MassLive.com
BOSTON — Questions on casino gambling, mandatory sick leave, the bottle bill and a gas tax increase will all go before Massachusetts voters in November. Secretary of State William Galvin announced Thursday that the questions will go on the ballot in ...
4 Ballot Questions Before Mass. VotersNew England Public Radio
Mass. Announces Order Of Ballot QuestionsWAMC

all 50 news articles »


Longmeadow Town Manager Stephen Crane says repeal of casino gambling ...
MassLive.com
LONGMEADOW — Longmeadow Town Manager Stephen Crane, in response to a question on the matter, has offered his thoughts on the effect of the Massachusetts' Supreme Judicial Court's recent decision to allow state voters to decide the legality of ...



Dog racing, once doomed and propped up by casino gambling, comes to ...
al.com
MIAMI, Florida -- A mural-sized photograph at Flagler Dog Track celebrates the good old days, decades gone: Men and women in their finest clothes lean against the fence to catch a glimpse of the greyhounds, the stands emblazoned with red, white and ...


Google News


Advertisement



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

Copyright 2006 Luminati Inc. All rights reserved.