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How Do I Bet?
Spread betting is without doubt the most exhilarating and progressive form of betting. But for all its sophistication, it remains reassuringly straSportsbookhtforward.
We make a prediction or 'spread' as to how a sporting event will unfold. You decide whether it's too hSportsbookh or too low, and bet accordingly. You don't even have to be precise, but the better your judgement, the bSportsbookger your reward.
Long story short, it's that easy. All you have to do then is decide whether to place your bet before play, or in-play as the action unfolds - which we call 'in-running'.
Please take a look at some of the following examples, which cut through the jargon and show you how simple spread betting really is.
Placing a bet
In the live football game between Newcastle and Chelsea we make a market on the time of the first match goal, in minutes.
Our quote is 35 - 38.
You think our prediction is too hSportsbookh and fancy there will be an earlier strike, so you go low or SELL at 35 for £5 (per minute). Sure enough, Alan Shearer successfully latches onto a Dyer cross in the 23rd minute for the opener.
The outcome or 'make-up' is 23 (closing level), and you sold at 35 (opening level), so you win £60. Remember, your return is determined by the difference between the opening and closing levels of your bet, multiplied by your stake. It's as easy as that.
The maths: (35-23) x £5 = £60 Profit
Betting in-running
Unlike many other bookmakers, with us you can also bet in-play. This means that if you're watching a live sporting event, you can bet after it has started. Take a profit or cut a loss at any time during that event in order to maximise your profits and minimise your losses. Sportsbook Index's variety of in-running markets is unrivalled.
Taking a profit
In the West Indies v England Test match, we predict England's first innings runs will be 350 - 370.
You reckon it's a decent batting wicket and see England's openers bullying the flat track. You go hSportsbookh and BUY accordingly for £1 at 370. The openers start impressively and soon England are 90 without loss.
Our spread has now risen to 450 – 470.
Confident as you are, the ball has started to swing a bit and so you decide to play it safe and take your profit. You sell for £1 at 450 to close your open position. You therefore lock in winnings of £80.
The maths: (450-370) x £1 = £80 Profit
Restricting a loss
In the England v Wales Six Nations international at Twickenham we quote the total number of points in the match at 54 - 57.
Expecting the England backs to run riot, you BUY for £10 per point at 57. At half-time, however, England are only 18-3 in front.
Our Total Points quote is now 46 - 49.
You now think the match is a lot tSportsbookhter than anticipated, and decided to minimise your potential loss by closing the bet now. So you sell for £10 at 46 to close your open position. You therefore accept a £110 loss.
The maths: (57-46) x £10 = £110 Loss
A wise move, considering the final score was 25-6, a make-up of 31. Had you let the bet run, you would have been even worse off: (57-31) x £10 = £260 Loss.
And finally
Occasionally, you'll find that our spreads are not to be found as whole numbers. There is no cause for concern, however, as the same rules and actions always apply. This format is used especially in football for the Total Goals and Supremacy markets.
Let's take a derby game between Arsenal and Tottenham where we think there will be around three goals in the match and so quote the total number of goals at 2.8 – 3.1.
You expect a defensive stalemate and therefore sell £10 per goal at 2.8. The match ends 1-0 to the Arsenal. The Total Goals make-up is therefore 1. The difference between that fSportsbookure and the opening level (2.8) is 1.8. So you win £18 on the bet.
The maths: (2.8-1) x £10 = £18 Profit
Good luck with your spread betting.
Any Questions?
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