Spread sheet betting is one of the toughest betting in the market. It can at one time win you huge sums of money but on the other hand which is common to many, it can render one bankrupt. With an example, this is how it works. Let’s take a game between Andy Murray and Roger Federer in Paris Master, bookies will give odds relative to 40-44 spreads. This means that if the game ends with 7-6 6-7 6-2 3-6 6-2, then the total sum will be taken and subtracted with the spread, which is given by 7+6+6+7+6+2+3+6+6+2 = 57 games. With a wage of £5, it will be (57-44) x £5 = £65 profit. However, if the game ends with score line of 6-0 6-0 6-0 the representation on the spread will be 6+0+6+0+6+0=18 and hence (18-44) x £5 = -£130.
(In-)Playing the markets
This is another great advantage of spread betting which keeps on mitigating risk takers. If for instance one bought this game when it was going for £5 at 40-44 games, the bookmakers will go ahead to increase the number of games as the game progresses wooing more clients to wage more. If it was 40-44 then it will move to 50-54.
Competition, transparency and the information gap
However, not many spread betting that are seen to give out markets on sports. This brings less competition and exploitation of bettors knocks in. margins usually come apparent enough and is very loose as compared to plethora of fixed odds bookmakers. Spread betting bettors will have different services as websites such as www.tennis-data.co.uk will gives a ten year odds for a specific bookie whereas Oddschecker.com will display 18 bookmakers with a single display from companies that offer spread betting.
Despite all the negativism about spread betting, there are instances when spread betting can be of great advantage and a way to make huge cash. About 80% of buys usually lie on the buy side in a side buy bias. For instance one can ask himself, do we have any amusement when one sell 2.2 goals in a football match?This has been taken as a great advantage to gamblers as they will become savvier despite betting firms having extra data, however, this is seen as an amazing way to acquiring the much needed knowledge. Under the same, many clients will routinely stake big on a particular bet. A punter should be on the lookout of markets that may seem often mispriced. These markets are usually the spread betting counterbalancing their millstone to the punters using an enormous shark.
All said, a punter who is new to the market would be advised to be very cautious when it comes to spread betting. They usually lure in new wagers who lack any knowledge of how it works and losses come hand in hand to these clients. On the other hand, basic knowledge on spread betting can be of great use and will definitely win one much.