Masterclass: How to place a spread bet on football

MRF_Masterclass

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ONE question I’m often asked is “how do you place a spread bet on football?” Until recently it was a question I couldn’t confidently answer so I turned to the experts to help me demystify the art of spread betting and with the help of Alex from Spreadex here’s a beginners guide to placing your first spread bet on football.

Let’s start by understanding what spread betting is. Essentially spread betting allows you to bet on your favourite markets like you do on fixed odds bets but the difference is that you can win more (or lose more) by being more right (or wrong).

Let me explain.

In a football match Spreadex may forecast that there will be 3 goals in a match (similar to a sportsbook offering Over / Under 2.5 goals). If you disagree Spreadex will give you the opportunity to bet on there being under or over 3 goals in a slightly different way than a regular sportsbook will. They’ll give you the chance to ‘SELL’ at 2.9 goals or to ‘BUY’ at 3.1.

Simply put, ‘selling’ at 2.9 means you think there’ll be less than 3 goals. ‘Buying’ at 3.1 means you think there will be more than 3 goals. The 2.9 – 3.1 range is known as ‘the spread’ from where the name of this genre of betting comes.

Let’s look at a few scenarios.

Betting over 3 goals

You think there will be more than 3 goals therefore you ‘buy’ at 3.1 for £20.

Outcome A – 5 goals are scored

You would win £38. Here’s how… You bought at 3.1 and 5 goals were scored, therefore the difference is 1.9 in your favour (5 – 3.1). You then multiply 1.9 by your stake (£20), giving you £38 in profit.

Outcome B – 2 goals are scored

You would lose £22. Here’s how… You bought at 3.1 and 2 goals were scored, therefore the difference is 1.1 against you (3.1 – 2). You then multiply 1.1 by your stake (£20), resulting in a £22 loss.

Outcome C – 3 goals are scored

Because the spread was set between 2.9 goals and 3.1 this means that this was Spreadex‘s expected outcome. However, you would lose only £2 ((3 – 3.1) x £20).

Betting under 3 goals

Alternatively, you may think there will be less than 3 goals so you ‘sell’ at 2.9 for £20.

Outcome A – 1 goal is scored

You would win £38. Here’s how… You sold at 2.9 and just 1 goal was scored, therefore the difference is 1.9 in your favour (2.9 – 1). You then multiply 1.9 by your stake (£20), giving you £38 in profit. You will also get your £20 stake back.

Outcome B – 4 goals are scored.

You would lose £22. Here’s how… You sold at 2.9 and 4 goals were scored, therefore the difference is 1.1 against you (4 – 2.9). You then multiply 1.1 by your stake (£20), resulting in a £22 loss.

Outcome C – 3 goals are scored

Because the spread was set between 2.9 goals and 3.1 this means that this was Spreadex‘s expected outcome. However, you would lose only £2 ((2.9 – 3) x £20).

Watch the video from Spreadex below which makes things even clearer.

Fancy giving spread betting a go yourself? You can claim up to £200 as a welcome bonus when you join Spreadex today. Just click on the button below to get started.

Join Spreadex today & claim £200

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