Spread Betting On Football Explained

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Newcastle Utd. vs Leeds Utd.
Total Goals


Newcastle Utd. vs Leeds Utd.
Win Index (Newcastle)


Newcastle Utd. vs Leeds Utd.
Goal Supremacy (Newcastle)


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Home » Soccer Betting » Spread Betting
Are you serious about making money from betting on soccer? If you answered
yes to that question, then you’re going to want to limit the number of mistakes
you make. There’s an article in our soccer betting guide that actually addresses
the common mistakes made by soccer bettors . This article is designed to help
people identify the errors they are making that will inevitably cost them money.
One of the mistakes we mention is ignoring the many alternative betting
opportunities that soccer presents.
We understand why so many people have a tendency to want to stick to the
simple wagers they are comfortable with. However, understanding the different
types of soccer wagers is one good way to improve your chances of identifying
better opportunities. By learning how to use the right type of wager in the
right situation, you’ll find it much easier to find value in the betting
markets.
In addition to using alternative wagers, you should also consider spread
betting on soccer. This is an entirely different way to gamble on soccer, and it
can be very profitable. There can be a great deal of risk involved, however,
which is why it’s vital to make sure you understand what you’re doing. That’s
why we’ve written this article. We explain what spread betting is as it relates
to soccer, provide some useful tips and advice, and discuss some recommended
strategies.
We want to make one thing very clear before we get started. Spread betting is
NOT the same as betting on the point spread . Also known as handicap betting, the
point spread is a very popular way to wager on sports. Looking at the United
States, in particular, people use this form of betting on American football,
basketball and ice hockey. Although their names are similar, they actually have
very little in common.
Let’s quickly explain how a point spread works, just so you’ll understand the
differences. With the point spread, you’re making a fixed odds wager on a game.
In this type of wager, the favorite is effectively deducted points (or goals in
the case of soccer) and the underdog is awarded points. These adjustments in the
points/goals are referred to as the spread. Here’s an example.
If you backed Hull City on this point spread, you’d win your wager as long as
one of the three outcomes occurred: they won, they drew or they lost by less
than 1 goal. This is because 1.5 goals are “added” to their score for the
purposes of the wager. If you backed Watford, you’d need them to win by at least
two goals. This is because 1.5 goals are “removed” from the score for the
purposes of the wager. When you win, you’re paid out based on the agreed odds
(1.91 in this case). When you lose, you are giving up your initial stake.
Spread betting DOESN’T involve fixed odds, and you don’t simply win or lose.
These are the key differences. With spread betting, there are no odds
involved at all. There’s no fixed stake or fixed payout either. Instead, wagers
are settled based on how accurate (or inaccurate) your predictions were. The
more right you were, the more you win. The more wrong you were, the more you
lose.
In some respects, spread betting is a little like betting the over/under. The
bookmaker sets a spread for a specific market, and you have to predict whether
the relevant total will be higher or lower than the spread. But instead of just
winning or losing your wager based on the outcome, how much you win or lose
depends on how much higher or lower the relevant total is.
We realize that this probably comes across as way more complicated than it
actually is. We’re going to use an example to make this easier to understand.
Here’s how a spread betting market might look for the total number of goals
scored in a soccer game.
As you can see, there are two options here. We can sell at 2.30, or we can
buy at 2.50. Do not confuse these numbers with odds, as they actually just
relate to the number of goals. We “sell” at 2.30 if we’re expecting there to be
LESS than 2.3 goals, and we “buy” at 2.50 if we’re expecting there to be MORE
than 2.5 goals. The difference between the two numbers is called the spread.
Sound familiar? You guessed it! That’s where this form of betting gets its name.
The amount of money we make or lose on our wagers is determined by a
combination of three things.
Let’s say that we’d chosen to buy at 2.50, for a $10 stake. If there were
more than 2.5 goals in the game, we’d win. Our payout would be calculated by
multiplying our stake by the difference between the number of goals scored and
the number of goals we bought at. So if there were three goals, for example,
we’d win $5. Three minus 2.5 is 0.5, which gives us $5 when we multiply that by
our $10 stake. If there were four goals, we’d win $15. Four minus 2.5 is 1.5,
which gives us $15 when we multiply that by our $10 stake.
If there were less than 2.5 goals in the game, we’d lose. Our losses would be
calculated in the same way. If there were no goals scored, for example, we’d
lose $25. 2.5 minus zero is 2.50, which is $25 when multiplied by our $10 stake.
If there was just one goal scored, we’d lose $15. 2.5 minus one is 1.5. Multiply
that by our $10 stake and we get $15.
The principle is pretty much the same when selling, but in reverse. If we
chose to sell at 2.30, we’d win if there were less than 2.3 goals scored and
we’d lose if there were more. The amount we’d win or lose would be calculated
using the same principle we just outlined.
As you can see, spread betting really isn’t that complex at all: not once you
understand the basic concept. You buy when you expect the relevant total to be
higher than quoted, and you sell when you expect it to be lower. How much money
you’ll win or lose is calculated by multiplying your initial stake by the
difference between the final total and the number you bought or sold at.
Where spread betting starts to get more complicated is with all the different
markets available. Not all of the markets are as straightforward as the total
goals market we just used in our example. Let’s take a deeper look at the
various markets that are available.
The bookmakers that offer sports spread betting usually have a huge range of
markets available for soccer games. We’ll start by listing some of the simpler
markets below.
Each of these markets works in the same way as the total goals market. The
bookmaker sets a spread, and you have to decide whether the final total will be
higher or lower. For total corners, you’re wagering on how many corners there
will be in a game. For total bookings, you’re wagering on how many bookings
there will be in a game. And so on.
In addition to these markets, there are some other over/under type markets
that are a little more complex. These include the following.
For total shirt numbers, you’re wagering on the aggregate total of the shirt
(jersey) numbers of all the players who start the match. This is what we would
consider to be a novelty market, and not one we recommend getting involved with.
Unless you have inside information about which players are going to start a
game, it basically comes down to an educated guess. This isn’t really a problem
for anyone just betting for fun, but it’s not a good way to make money in the
long run.
For total goal minutes, you’re wagering on the cumulative total number of
minutes on the clock when any goals are scored. For example, let’s say a game
featured three goals and they were scored on the 21st, 42nd and 65th minutes.
The total here would be 128 (21 + 42 + 65). Again, this is a novelty market in
our opinion. Some people believe they can make informed judgements here, but
we’re not really sure how.
Total team goal minutes and total player goal minutes work in the same was as
total goal minutes. They’re just based on the goal minutes for a specific team
or specific player.
There are lots of other markets for soccer games too. Most of these are even
more complicated, and many of them are just simply not worth experimenting with.
There are a few exceptions though. Here’s a list of the ones we recommend
learning about.
Win index markets are quoted per team. The exact rules vary from one
bookmaker to another, but these are usually points based markets where teams are
awarded points based on whether they win, lose or draw. For example, a bookmaker
may award 25 points for a win, 10 points for a draw, and 0 points for a loss.
Here’s how a win index market might look for the Newcastle United versus
Leeds United game we mentioned earlier.
This market is for Newcastle’s result in the game. We would buy at 19.50 if
we thought Newcastle were going to win, as that would earn them 25 points. If we
thought that they were going to lose or draw, we’d sell at 18.00
Goal supremacy is based on the winning margin of a game. Here’s an example.
Note that this refers to Newcastle goal supremacy specifically, so this
market is for how many goals Newcastle will win by. If we thought that they’d
win by more than one goal, we’d buy at 1.35. If we thought that they’d win by
only one goal, or that they’d lose or draw the game, we’d sell at 1.15. A
negative result is possible with this market. If Leeds won by two goals, for
example, then the result would be -2.
Goals x corners is one of the more unusual soccer spread betting markets. The
relevant total here is the number of goals scored multiplied by the number of
corners. So if there were two goals scored in a game, and ten corners, the final
total would be 20. We don’t generally pay too much attention to this market, but
every once in awhile we will place a wager here.
First goal minutes is based on the time of the first goal scored in a game.
If the first goal was scored in the 15th minute, for example, then the result
would be 15. If the first goal was scored in the 67th minute, the result would
be 67. At most bookmakers, no goal at all means the result is 90. Other
bookmakers have different rules though, so check to make sure.
Any bookmaker that offers soccer spread betting will provide a complete list
of all the different markets on their website. Typically, we don’t recommend
getting involved with any of the markets not outlined on our site, but it never
hurts to see what’s available. Who knows? You might discover a new, attractive
market that we have never come across before.
Spread betting on soccer is nowhere near as popular as fixed odds betting for
several reasons. One major reason is that people aren’t even aware of it.
Another is that some people think it’s more complicated than it actually is.
That’s understandable really, as it DOES appear quite complex until you
understand the basic concept.
There are also some notable disadvantages to spread betting when compared
with fixed odds betting. The following are especially significant.
Most people who place wagers on soccer are what we call recreational bettors.
We referred to these people in the introduction to this article. They’re the
ones who are only really interested in having fun, so they like to keep things
as simple as possible. With fixed odds they know exactly how much they stand to
win or lose for every wager that they place. The same cannot be said with spread
betting, which can make some people a little nervous.
There’s also the potential for huge losses, and when we say huge, we mean
HUGE. With some spread betting markets, it’s possible to lose the initial stake
many times over. When the unexpected happens, which is does very often; the
losses can be very substantial. This means a sizeable bankroll is required,
which is not an option for everyone. Even when it is an option, there are plenty
of people who simply don’t like being exposed to such high levels of risk.
The third disadvantage on our list won’t have a huge impact on everyone, but
it’s worth mentioning nonetheless. There are LOTS of options when it comes to
fixed odds betting, with hundreds of bookmakers and betting sites to choose
from. With spread betting, however, the options are more limited. There are only
a few spread betting firms that are genuinely reputable and trustworthy, and
most of them only operate in specific regions. In some parts of the world, there
are no decent options at all.
Now it’s time to discuss our fourth and final disadvantage, which can have a
significant impact on those who wager for high stakes or in high volume. Most
online bookmakers and betting sites offer bonuses and rewards to their
customers. This gives you the opportunity to add extra value to your bankroll
just by depositing and wagering as normal. The more you wager, the more valuable
the bonuses and rewards are likely to be. Spread betting firms, on the other
hand, don’t tend to be quite as generous with the bonuses and rewards that they
offer. It can be frustrating to miss out on this much value.
Anyone who is seriously thinking about spread betting on soccer should
definitely take these disadvantages into account. There are also some advantages
worth considering too. Just take a look at the list below.
Finally, it’s time to talk about some of the positives! The flipside to the
potential for big losses that we mentioned earlier is the fact that there’s also
the potential for big returns. As an example, let’s say we bought total goals in
a soccer game. Although it’s rare, high scoring games are always a possibility.
Six, seven or even more goals has the potential to give us a nice return on our
money, perhaps five times our initial stake or higher. If we only bet on the
over/under with a traditional bookmaker, then we’d have just won at the
appropriate odds. That would almost certainly have meant a lower payout.
Having more betting options is ALWAYS a good thing, and spread betting
definitely gives you that. There are all kinds of different markets as we
discussed earlier, and this makes it much easier to find good spots for placing
a wager.
Identifying value in fixed odds soccer betting markets can be extremely
difficult. The bookmakers are very good at setting their odds at just the right
levels, so that it’s not at all clear where the value lies. While the same
general principle applies to spread betting, there still seems to be more
opportunities to easily spot value. This is probably because the people who set
the spreads are more likely to take positions based on their own opinions, which
means you’ll often see spreads that are significantly different than the rest of
the market. If you have a strong opinion yourself, you may be able to take
advantage of these off-market spreads.
Being able to close positions early is one of the biggest advantages of all.
This is actually possible with fixed odds betting these days, thanks to the
“cash out” feature that most bookmakers offer, but it usually comes at a cost.
The amount of any cash out offer you receive for an existing wager will
typically have a big margin built in. With spread betting, closing a position
early isn’t nearly as expensive.
Essentially, all it means is settling a wager early. For example, let’s say
we bought total goals at 2.10 for a game. Just 20 minutes into the game, and two
goals have already been scored. Yikes, this makes us a little nervous. The total
goals spread will now move, as it’s adjusted during a game based on what
happens. With two goals scored after 20 minutes, it would probably be at
something like 3.60 – 3.80. We could close our position and make a profit of 1.5
times our initial stake. The 1.5 is the difference between the price we bought
at and the current price to sell.
Doing this would protect us against no more goals being scored. We’re
basically taking a safe option to ensure a profit. We can use similar tactics to
cut our losses. Let’s say we had sold total goals in this game rather than
bought them, at 1.90. The two early goals would mean that we’re already
guaranteed to lose, but we could lose A LOT if several more goals were to be
scored. We could instead close our position and take a loss of 2.9 times our
initial stake. The 2.9 is the difference between the price we sold at and the
current price to buy.
It’s not always right to close a position early of course, but it’s nice to
have the option. If our outlook changes after watching part of a game, we can
close our initial position and then enter another one if we want. The scenario
we just went over is a prime example of when taking this approach would be
beneficial. If it’s relatively early on in the game and the odds have already
moved substantially, then it makes sense to cut our losses to avoid a
devastating loss. It can also make sense to take some guaranteed profit when
it’s available, rather than risk that profit for the chance of making even more.
The final advantage on our list is very enticing for soccer bettors who win
money consistently. Bookmakers and betting sites don’t like customers who win,
for obvious reasons, so they’ll often limit the amounts that these customers can
stake. In some instances, their accounts may be closed permanently. This means
it can be difficult for winning bettors to place their wagers. They can always
move on to a new bookmaker of course, but there are only so many trustworthy
bookmakers to go to.
Those who choose spread betting will very rarely run into a situation where
their accounts will be limited or closed. The bookmakers who offer spread
betting make their profits based on the s
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