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SPREAD BETTING WITH TIPS FOR WINNING

SPREAD BETTING:

Spread Betting is a type of betting where the pay-off is based solely on the accuracy of the wager. Here there is not one single win or lose scenario as the outcome of this bet will be determined on whether the end result is above or below the spread.

A bookmaker, Charles K McNeil, who had been a mathematics teacher in Connecticut devised and developed this system to favour the favourite and the underdog alike. He found that in all games, the favourite team would attract all the wagers and the underdog would attract none, which did not balance out the scores and hence the Spread Betting system was put in place.

Spread Betting is when bets are taken on the outcome of a game, a race or in the financial market. The underdog and the favourite both attract the same amount of wagers, as this betting is about the point’s outcome and not who wins or loses the game.

Here the punter can actually bet on the underdog. The bookmaker will predict on how much the underdog will lose by and the punter will then bet against if he or she thinks that is too high to too low. For example: The bookmaker advertises a spread of 4 – which means that he thinks the underdog will lose by 4 points. The punter then places a bet on the underdog of 8. Should the favourites win by a total score of 10 points then the punters takes his 8 points, adds them to the bookmakers 4 points and ends up with a score of 12 which deems him the winner in this case.

However in the same scenario, the bookmaker advertises a spread of 4 – which means that he thinks the underdog will lose by 4 points. The punter then places a bet on the underdog of 8. Should the favourites win by a total score of 13 points then the punters takes his 8 points, adds them to the bookmakers 4 points and ends up with a score of 12 which is now less than the favourites score and hence deems the bookmaker the winner.

Spread Betting favours both sides. There are no favourites here and bets can be hinged on many variables.