Spread Betting is not
complicated. Like driving a car, many people decide that it is too
difficult without even giving it a try. In fact, once the simple
concept has been grasped, it's easy to understand.
there's always a but, without taking the time to understand a few
basic ground-rules - juggling with chain saws would be safer to
long-term health, but once mastered a whole new range of
opportunities are presented to make some serious money.
Step this way for an easy introduction to what is
without doubt a fabulous way to enjoy a bet on a sporting event, and
then have a completely free no-risk practice session courtesy of
those jolly nice chaps at Sporting Index.
OK then, so how does it work?
The Spread Betting Firm (bookie) makes a prediction on a
particular aspect of a sporting event, such as how many goals will
be scored in a game of football.
We simply decide whether their prediction is too high or too low.
If we think that they are spot on, we don’t bet. It’s that
Remember Bruce Forsyth’s, ‘Play Your Cards Right’? The
basic concept is exactly the same. "Higher Higher! Lower!
Lower! The amount we win or lose depends on how right or wrong we
With this basic understanding, spread betting is easy to
understand. Keep in mind that image of Bruce Forsyth gesturing to
the audience on whether a contestant should go higher or lower. They
could say, “Sporting Index reckon England will score 250 runs”,
‘what do you reckon? “higher or lower?”
In cricket the bookie will usually predict a spread of runs
scored rather than a specific figure, such as 230 - 250 runs but our
job is exactly the same with only two things to consider.
Are they right? If we agree England will score 230 -250 runs then
we don't bet. Are they wrong? If we think the bookie is wrong, and
there will be either more than 250 or less than 230 runs then we
decide which one to punt on.
Every time the bookie makes a prediction they are asking us the
question… "higher or lower", and that is how simple
spread betting can be.