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Which Bookies Do Spread Betting?

Which Bookies Do Spread Betting?

Exploring the world of spread betting reveals that, although your options are narrower than with fixed-odds sports bets, there are still some top-tier platforms to consider. bookie This article delves into the various avenues for spread betting and explains the mechanics behind it.

Unlike fixed-odds betting, spread betting requires predicting outcomes within a given market range.

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Beginners Guide To Spread Betting

The ‘spread’ defines an expected range for market outcomes. For instance, if the spread for a football match's Total Goals market is 2.9 – 3.1, it suggests an average expectation of 3 goals. Bets are placed on either the BUY or the SELL side of the spread.

The ‘Spread’

In the previous example, anticipating more than 3 goals in the match would lead you to BUY.

The ‘BUY’ Price

Conversely, predicting fewer than 3 goals means you might want to SELL.

The ‘SELL ‘ Price

In fixed-odds betting, your potential gains and losses are predefined. Spread betting, however, adjusts profit or loss based on how the actual outcome aligns with the spread.


Potential Profits & Losses

Take the Total Goals market: a BUY bet wins more with every additional goal scored beyond 3 but loses more when fewer goals are scored.

Similarly, a SELL bet increases profit with fewer goals and leads to higher losses when more goals are scored.

Spread betting's allure lies in its high-stakes nature, offering the chance for significant returns but equally substantial losses if predictions are far off.

Let's clarify with an example spread bet scenario.


How To Place A Spread Bet

Spread betting spans numerous sports and markets, from Wimbledon Tennis to The Masters Golf, offering diverse betting opportunities.

Focusing on our example of the Total Goals market with a 2.9-3.1 spread, and using a stake of £10 per point, let's explore further. betting on the World Cup .

Calculating potential spread betting outcomes requires this straightforward formula:

For a Total Goals market, the 'Settled Price' equates to the actual goal count, while the 'Buy Price' is your entry point.

(Settled Price – Buy Price) x Stake

For instance, a match ending 0-0 settles at 0. A £10 BUY bet at 3.1 results in:

This outcome represents the highest possible loss, as 0 is the floor.

(0 – 3.1) x £10 = £31 Loss

Should the final score be 5-2, with a Settled Price of 7, the result would be:

The more goals exceed the Buy Price, the greater your gain.

(7 – 3.1) x £10 = £39 Profit

As you can see, if you place a BUY bet:

  • Fewer goals than the Buy Price lead to heftier losses.
  • Alternatively, you can opt for a SELL bet.

SELL Example

For SELL bets, calculate returns with this formula:

Imagine placing a £10 SELL bet at 2.9, with a match ending 0-0 yielding:

(Buy Price – Settled Price) x Stake

With a 5-2 result, the outcome would be:

(2.9 – 0) x £10 = £29 Profit

In this instance, profit grows with fewer goals and losses increase with more than 3 goals.

(2.9 – 7) x £10 = £41 Loss

Manual calculation skills are handy, yet verifying with a Spread Betting Calculator can be wise. Many are available online, such as the free tool from SpreadEx available here .


Spread Betting Calculator

Alternatively, try the spread betting calculator below.

Do Spreads Incur Commission?

Differing from betting exchanges, spread betting doesn't directly charge commission, but sites earn from both Buying and Selling positions.

In a 2.9 – 3.1 Total Goals spread, both Buy and Sell bettors lose £1 when 3 goals occur with a £10 stake.

As a bettor, aim for a tight spread with minimal variance between BUY & SELL prices. Wider spreads can hinder long-term profits.

In the UK, spread betting splits into sports and financial trades. Each carries unique opportunities.

Some bettors are drawn to spread betting due to: Spread-Bet.co.uk by Justin Grossbard for the latter.


Advantages of Spread Betting

Potential for High Returns – Profits soar when the settled value greatly surpasses or falls short of the initial price.

  • Precision Rewards – Accuracy in spread betting pays well, appealing to sports fans who delve into research.
  • Less Drastic Early Losses – Unlike fixed-odds, spread bets often stay in play until an event's conclusion.
  • Understanding spread betting risks is vital before placing bets.

Disadvantages of Spread Betting

Possibility of Large Losses – Similar to big wins, there's a risk of sizable losses, only known post-event.

  • These guidelines offer strategies for successful spread betting, aiming to reduce potential downsides.

Spread Betting Tips For Beginners

By knowing your worst-case scenario, you gauge the maximum loss and can avoid excessive risks.

1.Calculate the worst-case scenario

In our earlier BUY bet example with a max £31 loss, being financially prepared for this mitigates future issues. SELL bets carry greater uncertainties as you incur more losses beyond 3 goals, with no limits.

Many spread betting platforms like

2. Start with small stakes

offer minimum bets of just 1p on select markets. Start small while familiarizing yourself with spread betting's mechanics and market volatility.SportingIndex and SpreadEx Volatility varies—some markets bear higher chances of drastically diverging from the spread, inviting substantial gains or losses.

3. Choose the right markets

Beginners should favor less volatile markets in spread betting's early stages.

Not every spread bet will succeed. If significant losses loom, consider cashing out to protect your bankroll.

4. Consider cashing out

A proactive plan is wise—define your max tolerable loss and cash out if necessary. This strategy minimizes further risks.

Spread betting's popularity stems from the impact of sports knowledge. Deep insight informs better selections and profit chances.

5. Do your research

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