The start of a major tournament is the best time to get into sports spread betting.
It allows punters greater flexibility when making long-term predictions for a competition, while also providing a thrilling in-play experience for every game.
Sports spread betting isn’t dissimilar to fixed odds betting. You are still betting on the same kinds of outcomes and markets. However, with spread betting you can back the strength of your own opinion and be rewarded the more right you are. At the same time, your losses can exceed your deposit.
What is a spread?
A ‘spread’ is essentially a prediction of what will happen in a specified market for a given sports event, expressed as a SELL-BUY range.
This means if you think the market, or outcome, will end up higher than said range, you would BUY. If you think it will end up lower than said range, then you would SELL.
Your stake is the amount you decide to bet, per point movement. Given the varying volatilities of each market, it is important to choose your stake carefully dependent on what you are spread betting on.
Let’s say you’re looking to bet on how far England will go in the Euros. Spreadex have Gareth Southgate’s side at 11/2 to win the competition, and 14/5 to make the final. Both binary choices, where you are either right or wrong.
With spread betting, however, things are not as cut and dry. For example, every team at the Euros has an Outright Index spread. The Outright Index sees 100 points awarded to the competition’s winner, 75 points to the runner-up, 50 points to the losing semi-finalists, 25 points to the losing quarter-finalists, and 10 points apiece for the losing last-16ers.
Immediately you can see how there is greater opportunity to make money, even if your chosen team does not end the competition as champions.
Spreadex is offering England at a spread of 36-39. That means they could lose in the semi-finals, and you would still make 11 times your initial stake (50 – 39). With a stake of £10, you would end up with £110.
If they win the whole competition spread betting is even more appealing. If you bought England at an Outright Index spread of 36-39, victory at Wembley on July 11th would leave you with 61 times your initial stake (100 – 39). In comparison, the aforementioned fixed odds price of 11/2 would earn you 5.5 times your opening bet.
In that instance, a £10 spread bet would leave you with winnings of £610, compared to £55 for the same-sized fixed odds bet.
However, if England pulled an England and crashed out in the last-16, you would lose 26 times your initial stake (10 – 36). That’s £260 at a £10 stake.
But what if you think England are overhyped? With spread betting you can also go the other way, and benefit from a team doing worse than expected.
If you sold an England Outright Index spread of 36-39, and they went out in the group stage, you would win 36 times your initial stake (36 – 0). At a £10 stake that’s £360.
Or, if they were knocked out in the last-16, that’s 26 times your original wager (36 – 10), or £260 when selling at £10.
And Spreadex’s Euro 2020 prices go beyond just where a team will finish. There’s Tournament Totals – like Goals, Yellows, Reds, Corners and Headed Goals – as well as Team Group Markets, Team Goal Markets, England Player Specials, Player Goal Markets, Assists Markets and more.
How about in-play markets? They operate on the same principal: the more right you are, the more money you can win.
One of the most popular, and illustrative, football spread betting markets is Total Goals. This is the prediction of the number of goals there will be in any given game.
For example, Spreadex is offering a Total Goals spread of 2.2-2.4 for England’s Euro 2020 opener against Croatia.
That means, if you think there will be fewer than 2.2 goals in a game, you would sell. But if you think there will be more than 2.4 goals in a game, you would buy. In real terms, that would translate to either 2 goals or fewer, or 3 goals or more.
The game then ends 3-1 to England, i.e. contained 4 goals. If you bought £10 at 2.4, you would win £16 ((4 – 2.4) x £10). But if you sold at 2.2, you would lose £18 ((2.2 – 4) x £10).
On the other hand, if the game ended up 1-0 to England, you would need to sell £10 at 2.2 to make £12 ((2.2 – 1) x £10). If you had bought at 2.4, meanwhile, you would lose £14 ((1 – 2.4) x £10).
Another headline spread betting market is Goal Supremacy. This is the difference between Team A’s goals and Team B’s total. If the market is set out as Team B/Team A, that implies Team B will score more than Team A. The reverse, Team A/Team B, would mean the bookie thinks Team A will score more goals.
For the England v Croatia game, Spreadex is offering an England/Croatia Goal Supremacy spread of 0.7-0.9. In real terms, if you think England will win by 1 goal or more, you would buy at 0.9. But if you think they will draw, or lose, you would sell at 0.7.
The game finishes 3-1 to England. If you had bought £10 at 0.9, you would make £11 (((3 – 1) – 0.9) x £10). On the other hand, if you had sold at £10 at 0.7, you would have lost £13 ((0.7 – (3 – 1) x £10).
But what would happen if England lost? Say the game finished 2-0 to Croatia. If you had bought £10 at 0.9, you would lose £29 (((2 – 0) – (0 – 0.9) x £10). Sell at 2.2, on the other hand, and you would win £27 ((2 – 0) + (0.7 – 0) x £10).
Spreadex also has in-play markets on Bookings, Corners, Total Goal Minutes, Shirt Numbers, Headed Goal Minutes, Penalty Goal Minutes, and pretty much any other aspect of the game you can think of!
Spread Betting Calculator
If you want to get a better idea of how spread betting works and what the potential returns could be check out our spread betting calculator below.
Get £25 in bets with Spreadex
Our partners Spreadex are giving all new customers who open an account up to £25 in bets. All you need to do to get the bets is:
- Visit the Spreadex website from our link.
- Create your new account.
- Deposit at least £25.
- Place a £25 bet with minimum odds of 1/2.
- First bet will be credited to your account on Monday once your bet has settled.
- Place a bet and support your team!
Terms: Qualifying £25 fixed odds bet must be at odds of 1/2 or greater. Qualifying bet cannot be placed in-play or cashed out early. First free bet will be credited upon settlement of qualifying bet. Free bets added to account on consecutive days. Smaller qualifying fixed odds single bet at minimum odds of 1/2 get different amounts of free bets. Free bets valid for 28 days. Free bet stake not included in any winnings. T&Cs apply.