Football is one of the most popular sports among punters, who place wagers on a variety of different betting markets, be it pre-match bets or live bets. One of the fastest-growing markets in football betting is spread betting. Here, let’s try to understand What is spread betting in football?
What is spread betting in football?
In spread betting, rather than predicting the outcome of a football match, the punter tries to accurately gauge by how many `points´ or in terms of football, how many goals will be scored by a team or both the teams in a match. It can also be used as a type of handicap bet, to predict by how many goals a favorite team will win. Unlike fixed-odds betting, your winnings or losses are determined by multiplying your stake amount with the departure from the spread points given by the bookie.
Let’s try to understand this with an example in terms of spread betting in the Total Goals market.
In a spread bet, the bookie gives a spread of 3.8-4 for the Total Goals scored during the match. If you think that the number of goals will be more than 4, you can `buy´ goals, and place a wager of ₹100 for each goal. On the contrary, if you think that the game would be a low-scoring one, and less than 4 goals will be scored, you can `sell´ at ₹100 for each goal.
Suppose you have `bought´ the goals, and the total goals scored in the game are 7, you will win 3 times the multiple of your stake, i.e. ₹300. However, if only 2 goals are scored, you will lose ₹200.
What is spread betting in football? Spread bets can theoretically give you unlimited profits if used wisely and with proper research. Similarly, the losses too can be steep. One should get a proper understanding of the concept before indulging in spread bets.