Sports Arbitrage Discussion Forum - What is spread betting.

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What is spread betting. (Read 3132 times)

BigBoy YaBB Newbies Posts: 2 Reputation: 0	What is spread betting. « on: May 12^th, 2008, 9:38pm » Excuse my ignorance, I have read the Entire Newbeies Section; Some Other Sections; SAG and some other sites. Never come across spread beatting before. Can some one please explain or send me to a link. Thanks guys and gals, First post from Aussie x pat Kiwi
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Seripoth
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Re: What is pread betting.
« Reply #1 - on: May 13^th, 2008, 5:16am »

Basically the more right you are the more you win, the more wrong the more you lose. Everything is broken down to a "spread" and you bet in units, say Pieterson to score over/under 50 runs in the forthcoming matched against New Zealand. Say you bet him to score over 50 runs/£1 per unit. If Pieterson scores 150 you will win 100 quid if he gets out for a duck you will lose 50 quid. Never actually done it myself so it might be a bit different to that but its basically a very dangerous way to gamble as you can lose large amounts rather than a predetermined amount and and lot of people with gambling problems end up in deep shit.

"Well, I'd love to stay and chat, but you're a total bitch."

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Jontheman
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Re: What is pread betting.
« Reply #2 - on: May 13^th, 2008, 6:45am »

And may I counter-argue that it can be a very useful money-making tool if you know what you're doing. Wink

Actually Seripoth's correct (although he omits the spread that gives the betting its name. In his example the spread might be 45-55 so you win £95 if he gets 150 (you're 95 over the spread) but lose £55 if he gets 0 - with balanced action on both sides this gives the bookie their profit margin). You need truly ferocious discipline (far more than fixed odds betting where your loss is limited) not to get yourself into trouble, and very very big trouble at that.....

If you're a newbie stay well away as there are ways to use it in arbitrage type situations but mistakes can be truly devastating.

"It is a decadence to become a gambler, when you've been a great arber." Nikos, 2009

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BigBoy YaBB Newbies Posts: 2 Reputation: 0	Re: What is pread betting. « Reply #3 - on: May 13^th, 2008, 7:46am » Like the differeance between shares and options in the fin markets. I think I will stick to fixed odds Arbitrage. I gun in untrained have hands realitivily safe. Nitrogliserine.... well need I say more. Thanks guys.
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Kr0m
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Re: What is pread betting.
« Reply #4 - on: Mar 1^st, 2010, 3:46pm »

I would like to know why Pinny calls spread to asian handicap in soccer markets, as it seems it has nothing to do with spread betting as described before. Maybe the meaning of the word 'spread' makes my comment stupid, but I am Spanish and I can't speak perfect English Wink

I think I am a little bit confused with the term 'spread'...

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Jontheman
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Re: What is spread betting.
« Reply #5 - on: Mar 2^nd, 2010, 3:32am »

Not surprising Krum. The term is used to mean slightly different things.

The "spread" in the way Pinny used it is the bookies profit margin - if they used odds of 2 on each side of an even bet they would make no money. This can be smaller (1.95-1.95 on a typical Pinny handicap margin) or larger (1.85-1.85 on a typical shit Euro site).

In the UK this term is more often used to refer to the type of bet in this thread, where the more right you are the more you win and the more wrong you are the more you lose. You might bet on the total points in a Basketball match at O160 for £5/point. If it hits 170 you win 10x£5=£50. Obviously your loss is not fixed (if they only score 90 points you take a massive loss) so it is a dangerous form of betting.

The term "spread" comes from the same profit margin the book needs - rather than offer a fixed total of 160 the bookie might offer 157-163. Therefore on the over bet you must get over 163 to start making money and under 157 if you're on the under. If it hits 160 everybody loses! Because the spread is within the handicap offered rather than within the odds (there aren't any odds as such) it became known as a spread bet. Just another way that the English language has evolved in its random illo gical manner....

"It is a decadence to become a gambler, when you've been a great arber." Nikos, 2009

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Kr0m Junior Member Posts: 87 Reputation: 0	Re: What is spread betting. « Reply #6 - on: Mar 2^nd, 2010, 6:54pm » Thanks, Jontheman, for the good explanation
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