Guys, with Spread betting coming soon at SYNbet, I wanted to give all of you who don't know how it works a small insight...it is so intriguing that we believe many of you simply won't be able to resist it
How does sports spread betting differ from traditional fixed-odds betting?
With sports spread betting you are betting on the outcome of an event but the pay-out is based on the accuracy of the wager, rather than a simple 'win or lose' scenario, which is offered in fixed-odds sports betting. A spread is a range of outcomes, and a spread bet is whether the result will be above or below the spread.
In fixed-odds your potential winnings (and the amount you may lose) is fixed and known at the time the bet is struck. In spread betting, the amount you may win or lose will vary according to how right or wrong you are compared to our prediction. So unlike fixed-odds, the more right you are the more you win (and the more wrong the more you can lose).
How can I win or lose money?
Spread betting can be very rewarding and produce large returns on small stakes. Basically the more you're right, the more you win. However, the opposite can also be true - so the more you're wrong, the more you potentially lose. The profit or loss is determined by the difference between the final result and the price you originally bought or sold at.
What are the benefits of spread betting?
Spread betting brings more exhilaration to sport than any other form of sports betting. Here are just a few reasons why:
1. The more you're right, the more you win (and vice versa).
The majority of sports spread bets offer the attraction of potential big wins (but also potential losses) based on a multiple of your stake. No other form of sports betting comes close to offering this level of excitement.
2. It's not as risky as you might think.
Spread betting has a stigma of being risky, however this is misplaced. Like all forms of betting, it's only as risky as you want it to be. By controlling the size of your stake, you are controlling how much risk you are willing to take on. It's exactly like one bettor having a $2,000 fixed-odds bet on a team to win versus one who has $20 - it's all down to what you feel comfortable with.
Additionally, a Stop Loss account is a good way of controlling the perceived risk of spread betting. With this type of account, every bet you place has a maximum win and loss limit applied but again, it correlates directly with the stake you choose. That's the important thing to remember, it all comes back to the stake size.