Sports Spread Betting Explained – Beginner-Friendly Guide
Are you a sports fan considering winning some money from a wager? In this case, you may want to have a look at one of the most popular types of bets in score-based games: sports spread betting.
There’s certainly the potential to win big with spread betting, but it’s important to understand how it works before you jump in. We created a simple, beginner-friendly guide to help you get started!
First of all…
You don’t need to worry about sports spread betting being too complicated. In fact, most of those who decide to give it a try find that it’s far easier than they expected. It’s a great place for any beginner to start and is one of the most common and popular types of wagers alongside the traditional fixed odds style of betting.
As a great beginner-friendly experience, it’s an excellent place for anyone to get started with sports wagers. That is why it’s well worth learning more about.
How Does Sports Spread Betting Work?
To put it simply, sports spread betting is a wager where you bet against the margin of victory. Gamblers need to bet on whether a specified event or outcome in a game will be above or below the spread which is specified by the bookmakers. The amount of profit or loss is determined by how much higher or lower the outcome is. Here are a few examples of sports spread bets:
- The number of field-goal tries there will be in a rugby game
- The time the first goal will be scored in a football match
- The total number of runs scored in a cricket match
As you can see, the types of bets that you can place a wager on in sports spread betting can often vary quite a bit, and across a range of sports. This gives you a lot of exciting opportunities whatever your preferences are.
It is also important to remember that there’s always going to be a favourite and an underdog. It’s up to you to make the right call on how the match will turn out, so make sure you consider your options carefully.
How Does It Differ From Traditional Sports Betting?
Do you wonder how spread betting differs from traditional betting? Let us show you the key differences between fixed-odds betting and sports spread betting explained in detail. Fixed-odds betting tends to be fairly straightforward. You place a bet with stated odds on the outcome of a match. The wager is all or nothing, determined by the results, and that’s generally all there is to it. The key difference between this and sports spread betting is that there is a lot more variety in the latter.
Another important factor to consider is that it isn’t just a standard, set win or lose scenario, but it offers a variable instead. The amount you win won’t just be a fixed price but will be based on how much you bet and how much you beat or lose to the spread.
What Sports Offer Spreads Betting?
As mentioned above, there are many sports to bet on, but football is undoubtedly one of the most popular in the UK for these kinds of wagers. Mostly due to the sheer versatility that games can provide for bets and its overall popularity in the country. Some of the more common games besides football that you might want to consider include:
- Horse racing
Whichever sport you choose is entirely up to you. Although if you’re more interested in playing for the money and the thrill of the wager itself, it might be best to go with the most diverse. A lot of sports gamblers in the UK will favour football, so the odds offered may be more competitive – and therefore worthwhile. If you’re new to this kind of gambling, there will be plenty of players to learn from, too.
Advice for Anyone Who Wants to Get Started in Sports Betting:
While it can be easy to grasp how these types of bets work, there’s still quite a lot that can go into sports spread betting. If you want to have the best shot at winning, it is worth taking a little time to get to know your options. Here are just a few tips:
Always do your research
If you want to get the best head start in point spread betting, before anything else we would recommend that you know the ins and outs of your chosen sport. There are many different types of bets available for a plethora of sports and while it may sound fairly simple, it can be all too easy to go into something without knowing all the rules first.
The same goes for teams that are participating. Find out what are their strong sides and their recent game statistics. This will help you figure out the most likely outcomes for a better chance to make the right call.
Don’t listen to what everyone else says
While following in the footsteps of other gamblers can be a good idea to increase your chances of a successful punt, it can also be important to remember to ignore the hype if you’re more serious about your endeavours.
While there will be a lot of news available on major sporting events, try to overlook the betting press and commentators, and instead research the match for yourself. If you ignore outside influences you could end up discovering something that not a lot of others know about, ensuring better odds and a higher payout on success.
Keep a record of your bets
Another great point to consider for any type of betting is that it can be wise to take notes of your wins and losses. One of the main reasons to keep a record of your previous decisions is that you can evaluate where you may have gone wrong or alternatively, see what you’ve been doing right.
The key points to remember from this guide are:
- Sports spread betting is well known for being a beginner-friendly type of wager
- It can often be quite different from traditional bets
- There are many sports that offer spread betting opportunities