Horse Spread Betting Explained

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I did briefly touch on spread betting on horses in a previous article, so as promised, I am going to elaborate on it in this article.
I have noticed that spread betting is becoming a more popular way for punters to bet on horse racing, as if it’s done correctly it can enable you to really rack up large amounts of cash in a relatively short amount of time.
As with all gambling however, the risks are still there. If you’re new to horse racing or a bit of a novice punter, you should be aware that spread betting on horse racing is a little complex, and due to the nature of how it is structured, although you can win big it can also cause you to lose a drastic amount of money if you are not careful.
This makes it absolutely essential that you must be sure that you clearly understand the methods of spread betting on horse racing.
Spread Betting On Horses Is Growing In Popularity
Spread betting is a concept that is traditionally more popular with sports that have the potential for big winning margins, so American football, rugby, cricket and darts immediately spring to mind.
Its also used by people who want to bet on the financial markets and so they bet on whether a stock will rise, fall and by how much.
I’m not actually convinced by spread betting on horses myslef, as I find that the risk is just too high, yet many people successfully achieve great results with it. For many, it’s a more intriguing and enjoyable way to take calculated risks but everyone has to be aware that the risks are also pretty high, and this is what dissuades many people from trying it.
How Do You Go About Spread Betting On Horses?
The first type of spread betting on horse racing is based on what is known as the favourite’s index. Each favourite is awarded a certain amount of points. A hot favourite (for example at a price of 6/5) would likely get the maximum amount of points (which is 25), whereas a 9/1 favourite in the Grand National would only attract say eight points for the index.
Of course, what the bookies are doing here is protecting themselves, as the payout at 9/1 is going to be appreciably more that the 6/5, hence the reduction in the number of points.
So with the allocation of points, a spread is created and essentially what punters will do is buy if they feel the horse will win, or sell if they think it won’t.
A real twist from traditional betting is that you can bet on the jockeys. The way jockey betting works is pretty much the exact same way as the favourite’s index, with the only difference being that you are betting against a quote of how great a race (or more than one) a jockey will have.
Predicting Winning Distances Will Pocket Cash Too
Similarly, the winning distance index is played in essentially the same way but with a slight difference, as points are awarded based how much you think a horse will win by. These are broken down into short head, head, neck, half a length, ? length, a length and then multiple lengths (two, five, ten etc).
Typically the going of a racecourse affects what the spread and points allocation will be for distance betting, and this is where the bookies can really earn their corn. Poor judgment of how the conditions are going to affect a race could cost the bookies thousands, so they have to get it right.
In my opinion, spread betting on horses involves too much work. That is not to say that I am lazy, quite the contrary, but there are multiple factors and several key things that have to be considered properly even before you consider looking at what to back.
I do prefer a more simplistic approach and perhaps this is why I have done well, as I have kept it simple.
I’m also a firm believed in effective money management, and unlike traditional betting, or even betting on the Tote, you do not know how much you stand to lose with spread betting, until the race is over and then its possibly too late. That to me is a major drawback.
There are punters who do very, very well at this form of betting but call me old fashioned, I just prefer the more traditional approach, and certainly for all beginners out there, I advise that you do the same.
Cliff Thurston is the owner of Grosvenor Racing Club, a successful horse racing tipster service. For more information and free horse racing tips for 21 days, please visit: http://www.grosvenor-racing-club.co.uk
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One of the interesting factors of spread betting is that it allows you to place bets on just about any sport from football to horse racing and at the same time you can place bets on the ever changing stock market.
People have an option on where do they wish to dip in the world of online betting. It could be in a real casino or an online gaming site. In fact there are hundred of sites also offering free training sessions and tips for players new to the world of spread betting.
However once you are well versed with the basics of the game there are limitless venues where you can venture in this world. However like any other form of gambling, this too can be highly negative in yields and thus one should play only moderately, according to the financial resources you have.
Spread betting evolves from the basic qualities of gambling, placing money on the outcome and win or lose depending on that outcome. The uncertainty of winning or losing is the very reason for the addictive nature of this game. While in other forms of gambling win or loss depends on the outcome of one game, in spread gambling you may potentially win no matter what the final score. The actual numeric outcome of the game or market has no effect on you win or lose. You will win or lose as long as you bet correctly in the higher or lower margin of the outcome.
Much like other forms of betting, spread too has some bets, which are more popular then others. Some of the most wide spread betting occurs in Europe, where the well spread soccer circuit provides exciting games amply throughout the year. However with so many sports and competitions to bet on, it is hard to pin point any one form as the most popular focus. Besides games spread betting is particularly active on the financial market as well.
People spread bet on the financial markets in hopes of increasing their income or making up for the losses.
Information about betting could be found out by a number of ways. If you are decided on betting, find out as much as you can and know more as nothing here works better then an informed choice. Spending some time with someone experienced in the world of spread betting can be beneficial as you get to know the ins and outs of the game better.
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