Spread betting on sports has become more popular in recent years. It gives bettors a chance to try something different from traditional fixed odds betting and gives them a chance to make more money as well. But as a safety measure, you should learn the basics of sports spread betting before you start because you could lose a lot of money.
Spread betting has successfully developed an attraction with its unique features of betting. Spread betting is a more advanced and complicated way to bet on sports online using a betting platform. In addition, it involves the future betting market’s price. Therefore, bettors need to forecast the nature of the bidding price, which can be either higher or lower than the bidding price.
Spread betting depends on the accuracy of the probability of an event happening rather than the outcome. Various spread betting sites on the internet are active in the UK and offer exclusive welcome bonuses.
There are two types of spread betting; financial spread betting is widespread among people interested in finance, banking & investment department as they have to predict the future outcomes of financial betting markets.
Another type is Sports Spread Betting, exclusively designed for sports bettors who enjoy horse racing betting or football betting. This article will discuss spread betting sites in detail and their working process, along with the top 10 best spread betting sites in the UK.
Best Sports Spread Betting Sites
Spreadex
100% Cashback Up To £300
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[-] Less Info Spreadex is one of the best platforms for online spread betting. If you open a new spread betting account, you can get £25 in free bets as welcome bonuses. However, if you are looking for something a little extra and different with various trading options, then Spreadex is the best site.
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Please Gamble Responsibly.Place a £10 World Cup winner outright bet before your chosen team has played a match and get a free £10 fixed odds bet, free £10 spread bet and 30 free spins as well as an extra free £10 fixed odds bet and 10 free spins each time your selection wins! (includes ET & Penalties) T&Cs apply. 18+. New customers onlyT&Cs Apply
Sporting Index
£100 FREE BET
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[-] Less Info Sporting Index has been around since 1992 and has rapidly grown to become an industry leader in the world of spread betting. New players get £75 as a free bet to bet with – and keep the winnings and various ongoing promotions.
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New clients get £100 (non-withdrawable) to bet with. Keep what you win. Any losses over £100 are your liability. Market restrictions & 7 day time limit apply. Account opening subject to suitability checks. Spread betting involves risk.Losses can exceed deposits.T&Cs Apply
What is Spread Betting?
Spread betting is a new complex type in which the betting firms/operator offers two bidding prices, the bid and ask. Bettors have to predict that the bidding price of the spread betting market will be higher than the asking price or lower than the bid price. The payoffs depend on the correct prediction about the market rather than the final result. The more accurate bettors are, the higher profit they will make through the spread betting, and the more incorrect their bet is, the more money they will lose.
Two types of spread betting are popular on online betting sites. Financial spread betting and sports spread betting.
Financial Spread Betting
Financial spread betting is generally famous among professionals interested in or working in finance and banking departments. These people have a piece of excellent knowledge of financial stats needed to predict financial markets’ future directions more accurately.
In financial market spread betting, you have to predict the stake price or its higher & lower stock price of any business or organisation based on your best knowledge. So, for example, if you have predicted that IBM’s stock price will go down from a specific price, and that event happens, you will be awarded winning money.
However, there is also a high risk of losing real cash rapidly due to the uncertainty of the stock market, which involves an increased risk of getting profile with losing money. Therefore, it’s better to understand all the interior features before investing in financial spread betting.
Spread Betting Sports
This is the most popular form of spread betting in which bettors bet on whether the result will be below (Sell) or above (Buy) the spread. The ‘spread’ is in the form of a specific range within the betting operator’s trust that the outcome of a market will fall.
For example, there is a football match between X vs Y, and the betting site offers a spread of 2.9 – 3.1 for this match. This means that the betting firm believes that the game will have three goals. Therefore, you ‘will buy’ if you think there will be more than three goals in this match.
Similarly, you would’ Sell’ if you believe fewer than 3 goals will be scored. It is a more active and complex type of betting than traditional sports betting. Sports spread betting can be used on a whole host of markets like baseball, boxing, golf, motor racing, darts, basketball, tennis, rugby, cricket and even greyhound racing.
How Does Spread Betting Work?
Spread betting works on a point system, where winning profits and losses are based on the point numbers players bet on under or over on the market event. Sports bettors have to place a selection on an already fixed spread range. It allows players to place a spread bet on winning as well as losing teams. It is more like stock trading, where you can buy trading at lower prices and sell at higher prices, which is where the name spreads comes from.
The primary and vital concept is that players must predict numbers from the range of whether they believe the asset will increase or decrease in value about its current market price.
Pros and Cons of Spread Betting
Spread betting is an exciting way to compete against other traders in the hope of making some money. It is, however, far more unpredictable than standard fixed odds betting and offers a much more substantial potential for both risk and reward than standard fixed odds betting.
Spread Betting Pros & Cons
Listed below are the pros and cons of spread betting.
PROs
- Mostly the profits are excluded from tax.
- You can make both long and short time investments.
- Almost all the spread betting brokers offer free treading. They will not take any commission
- You can trade with more amounts than you have in your account.
- Gain exposure to thousands of financial instruments
CONs
- There is more risk than traditional stock trading
- Potentially no limit on your losses.
Learn to Spread Bet on Sports
When it comes to spreading betting on sports events, there are many popular ways of placing a bet on the spread range. However, a relatively recent and novel way to bet on sports is based on the principle of the stock market, where people buy and sell events based on the opening and closing prices of the market.
This means that financial spread betting and sports spread betting broker players can bet on a winning team and open bet in any game. Generally, the market ranges from 0 to 100 and closes at various points in sports spread betting. You can participate in the market by buying or selling at a price set by the operators or bookies.
We can understand with an example. Assuming you want to place a spread bet on Argentina’s football World Cup winners, that current spread range price is 43.5 to 46.5. The outright index is constant and set on all spread betting sites 100-75-50-25-0.
The closing levels of the market for specific outcomes are:
- 100 points for a win
- 75 points for losing the semis
- 50 points for losing in the quarter-finals
- 25 points for losing in the last 16
- 0 points if they lose sooner than that.
Suppose any player believes Argentina will win and wants to bet £10 for every point. If Argentina wins, the market will close at 100 points so that the player will win 53.5( 100-46.5= 53.5) points, equal to £10 x 53.5 = £535.
If they lose in the semifinals, the market will be closed at 75, so players win 28.5 points, equal to £10 x 28.5= £285. If Argentina loses in the quarter-finals, the market will close at 50, so earning points are 3.5, equal to £10 x 3.5 = £35. So on.
If they lose before a round of 16, the market will close at 0, and you will lose £535. Now you notice that Argentina is losing early-stage matches, and the price will go down. However, if you still believe you can win, you may buy more and average down or cut your losses early. The right and best things about sports spread betting are that it is more flexible.
What Markets Can You Trade When Spread Betting?
Spread betting operators allow you access to thousands of financial markets. Spread betting is limited to sports events and will enable you to participate in various industry stocks.
People can spread bets on stocks, energies, indices, rigid metal, agriculture currencies, Cryptocurrencies, etc. and can gain by forecasting future value in increasing or decreasing nature. These are the most popular asset classes that anyone can trade at a spread betting site and make a massive profit by predicting opening and closing prices.
Spread Bets vs CFDs
Spread betting and CFD trading can help you make money in the same way that investing in stocks, currencies, and commodities can. Both home-based traders and financial professionals enjoy placing both types of wagers.
It is the way that these products are taxed that is the main difference between spread betting and CFDs. It is critical to remember that CGT (Capital Gains Tax) applies not to spread betting but to CFDs. Spread betting is also only available in the UK and Ireland. CFDs, on the other hand, can be traded all over the world.
Conclusion
Online spread betting is a unique, fun way to place bets on various sports events. Bettors bet on a pre-fixed spread range of events. Gamblers must predict whether the next number will be greater or lesser than the current stake. However, spread betting is not suitable for everyone. Those interested and having experience in the finance and banking departments can participate in spread betting.
It does offer several advantages over traditional betting or investment institutions. Most new players and traders lose money when they first start, so tread cautiously. Before investing time and money, it’s better to understand the risk involved with a spread betting company and read all related documents carefully regarding the process and outcomes.
