Spread Betting Demystified: Simple Steps to Get Started

Spread betting (or Point Spread) in sports betting is a type of wager where the payout is related to the accuracy of the wager rather than a straightforward win-or-lose scenario, i.e., fixed-odds or pari-mutuel. In other words, you win or lose money based on whether or not the market moves as you wish. Players also look at several Sports Betting Sites in Singapore to observe this type of betting in practice.

Spread betting is often used in sports, the financial markets, and other similar events like political happenings, entertainment, media, etc.

I also have a write-up on my blog about parlay betting. You may check it out to learn more about the world of betting.

Spread Betting in Sports

Spread betting in sports is a form of betting where the bookmaker establishes a spread, or line, as the anticipated margin in goals or points between two teams. Spreads are the use of artificial handicaps (e.g., Asian handicap) to make a match even between oppositions. In fact, spreads are the bookmaker's forecast of the margin of victory or defeat in a game.

bettors bet on if the final outcome will be over or under a specified line.

Types of Spread Bets in Sports:

• Point Spread: You bet if a team will win or lose by a specific margin.
• Total Points: You bet if the total points scored in a game will be higher or lower than a specified amount.
• Futures Bet: In this form, you bet on future events, such as whose team will emerge as the champion.

Spreads can be used in most sports bets, such as football, basketball, tennis, baseball, golf, and Singapore horse racing.

Financial Spread Betting

In financial markets, price movements of financial instruments are bet on by traders without the ownership or taking a position in the underlying instrument. They, rather, bet on whether they believe the price will go up or down.

There are two kinds of prices of stock market dealing:

• Bid Price: the price at which you can buy a stock or commodity.
• Ask Price: the price at which you are able to sell a commodity or a share.

The difference between the two prices is considered as the spread.

If you believe the value of an asset will go up, you would buy it (open a long position). If you believe that the price will go down, you would sell it (open a short position). The key aspects to financial spread betting are leverage, making a profit out of rising and falling markets, the high number of markets on offer, and tax advantages (where applicable in Singapore).

How Does Spread Betting Work?

Spread betting involves bookmakers making the odds even between teams or players in a game. Bookmakers guess how large a lead in points one team will have when they win and use that as their line. You wager on the team you believe will defeat that line. Still lost? Let me give you an example.

What is so great about spread betting is that you can double up if you get it right. With poor choices, you will lose multiples of your stake.

Unlike even-money bets, whose payouts are a matter of one-to-one, your potential loss or gain in spread betting is not predetermined but rather is dependent on the accuracy of your prediction. While even-money bets offer flat payouts, spread betting offers mixed returns, potentially exaggerating losses as well as gains. With point spreads, your actual returns are dependent on how much the real result differs from the spread.

Your stake is the amount you bet per point change. As an example, a $10 bet on Total Goals wins or loses $10 per goal. That is why you must consider various spread betting markets seriously before placing a bet.

Example of Spread Betting Basics

The Spread: The spread is designed to level the competition between two teams or players of diverse skills. For example, assume Team A is favored to play against Team B. In this instance, a bookmaker would set the following spreads:

• Team A (-3) and Team B (+7).

Betting on the Favorite: When you bet on the favorite (Team A), they must win by more than the spread in order for your bet to be a winner. A -3 spread means Team A must win by 4 or greater points.

Betting on the Underdog: If you wager on the underdog (Team B), they must win the game outright or lose by less than the spread. A +7 spread is stating that Team B can lose no more than 6 points and your wager will be a winner.

Push in Spread Betting: If the spread is an integer and the favorite wins by precisely the same amount, then the bet is a "push" and all the stakes are refunded. If the spread is -3 and the favorite wins by the precise amount of 3 points, neither side wins nor loses.

Odds and Payouts: Typically, both sides of a spread bet offer similar odds, often near -110. This is where you must bet $110 to win $100.

Vigorish (the "vig"): The vigorish on sports betting is the proportion charged by the bookmaker as commission. This is why you must bet $110 to win $100—those extra $10 are given to the sportsbook.

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