We’ve all been there: sat in front of the TV watching the latest
sporting event that is about to send you to sleep, knowing that seeing
how quickly your paint was drying would be more exciting. That doesn’t
have to be the case, though, as you can bring a game to life by doing a
bit of
sports
spread betting. This will help to make dull events more
interesting and turn great sporting occasions into exhilarating events
you cannot take your eyes off!
One event that certainly won’t be dull is the Ryder Cup, but by
conducting some
sports
spread bets on the result of the classic golfing encounter
you can ensure that your eyes are glued to every shot. Golf is just one
of a number of activities you can bet on, with markets across many
sports from football and tennis to darts and snooker, allowing you to
choose the sport you have the most knowledge about and are therefore
best placed to bet on.
To make a spread bet first you need to register on one of the websites
of
spread
betting companies. Then it is essential that you get your
head around spread betting, as it differs immensely from fixed-odds
gambling and if you’re not fully aware of the pitfalls you could lose a
serious amount of cash. This is because unlike fixed-odds betting, in
spread betting you can lose more than your stake.
This is due to the conditions of the bet you make. You’ll be presented
with a spread, which is essentially a bookmaker’s prediction regarding
a sporting event. For the Ryder Cup, one market is the amount of points
that either Europe or the USA will win by. The spread given is from 0.8
to 1.4, so if you think the winning margin will be higher you can bet
accordingly.
If you think Europe will romp to victory at the Celtic Manor in Wales,
then you would buy at 1.4. If you were indeed right, then the money you
would win depends on your stake and the number of points Colin
Montgomerie’s team win by. If you buy £10 at 1.4 and Lee Westwood and
co win by three points, you’d stand to win £16. If it was really
one-sided and Europe were comprehensive in their victory, winning by
ten points, you’d win £86, showing that how much you win is dependent
on how right you are.
In the above example you’d be cheering on Europe even when the result
was inevitable, knowing that the larger the winning margin, the more
money you’d win. It’s also worth bearing in mind how much money you’d
stand to lose if the worst-case scenario happened and America retained
the Ryder Cup with ease.
It is really easy to get into spread betting and the monetary rewards
can be high. As with any betting you can of course win and lose money,
but the main difference with spread betting is that you can lose more
than your stake. Therefore it may be worth betting on markets in which
you can limit your risk, or if you’re really confident then trust your
judgement.
Spread betting can result in losses that exceed your original deposit.
Remember to bet responsibly.
