Spread betting can seem a tricky subject, so allow Squawka and Sporting Index to walk you through the basics.
We had enough questions surrounding Sporting Index’s several appearances on the Squawka Talker to warrant an explainer, clearing up exactly what spread betting is and how you can get involved with regards to various markets.
With the help of Ed Fulton, with whom regular Squawka Talker listeners will be familiar, we’ve taken a look at matches taking place during the Premier League’s opening weekend and a couple of popular markets that serve as a great introduction to the wonderful world of spread betting.
How does football spread betting work? A Q&A with Sporting Index trader Ed Fulton
Q. Who are Sporting Index?
A. So, Sporting Index have been around for over 25 years and are the market leaders when it comes to sports spread betting. We were the first company to offer in-play betting, mobile sports betting in the UK, and the concept of cashing out.
Q. For newcomers to this style of betting, how would you sum up spread betting?
A. I don’t think there’s any doubt that spread betting is the most exciting form of betting there is. Rather than winning or losing a fixed amount like you do with normal bookmakers, with spread betting the size of your wins and losses increase or decrease in accordance with how right or wrong you are.
Q. So the more right you are, the more money you win?
A. Yes, but you also have to consider that the more wrong you are the more it will cost you. They say to ‘let your winners run and cut your losses short’. It’s good advice and gambling responsibly is what we preach – spread betting is more than enough fun without having to risk big sums of money.
Q. During the podcasts, you spoke about the Total Goals market. Could you take us through an example?
A. Of course. I always start these by alluding to the concept of Buying and Selling a price. Essentially, the ‘spread’ is the range within which we believe the result will fall. With the Total Goals market, the spread might be 2.9-3.1, which means that our traders think that there will be 3.0 goals in the game.
If you think there will be more than three goals, then you would ‘Buy’ and if you think there’ll be less then you ‘Sell’. If you Sell, the fewer goals there are the better, and if you Buy, the more goals there are the better.
Q. So while Fixed Odds is betting on whether or not something will happen, spread betting involves betting on whether the market result will be higher or lower than Sporting Index think it will be?
A. Yes, and then you get rewarded or penalised depending on how right or wrong you are. We’d always recommend that new clients use small stakes until they’re confident that they’ve got to grips with it all.
Let’s run a quick example: Total Goals in Arsenal v Man City this weekend is priced at 3.1-3.3.
So here, the Sell price is 3.1 and the Buy price is 3.3, meaning that we think there will be an average of 3.2 goals in this game. Now, let’s say you think there will be more than this and you Buy for £10 per goal at 3.3 – consider the following outcomes:
Let’s say it’s 3-2 to City, which makes five goals in total. Now, you bought at 3.3 and so your winnings are effectively your stake of £10 multiplied by how right you were; in this case, you would win 1.7 x £10, resulting in £17 profit.
In the second scenario, if Arsenal by some miracle win 2-0, the calculation results in a £13 loss.
It would be fair to say that your wins or losses are just the difference between the result and the price at which you Buy or Sell, multiplied by your stake. I understand that people assume spread betting is complicated, but whenever I’ve taken someone through this example the penny drops immediately. It’s all very simple, but as I say, always begin by using small stakes.
Q. OK, and how about the Player Goal Minutes market? A few questions have come in about this one.
A. Ah yes, a very popular market. OK, let’s look at Alexis Sanchez. His Goal Minutes for the game against Leicester are priced at 25-28. What this means is that we believe that the sum of all of his goal minutes will add up to somewhere in that range.
For example, if he scored two early goals in the eighth and 18th minutes then his Goal Minutes would add up to 26 and Sporting Index would have called it right. However, if he turns on the style in the second half and scores in the 50th and 80th minutes then his Goal Minutes will equal 130.
Q. So in that second half situation we would have wanted to Buy his Goal Minutes at 28? 130 – 28 = 102 and then we multiply that by our stake?
A. Absolutely, but if you’d have sold his Goal Minutes at 25 and the result was 130 then you’re going to lose 105 times your stake.
This is a volatile market and so you really want to be using very small stakes to begin with, even more so than Total Goals, which is a much more stable market. It’s important to note that if Sanchez does not score, the result for the market is ‘0’ and so if you think he might struggle to find the net, you may want to sell this market at ‘25’.
Q. Can you tell us a bit more about your offer?
A. Firstly, no deposit is required. We’re keen to give clients the chance to try out spread betting without having to commit to making a deposit. So when you join Sporting Index you will receive £50 Promotional Betting Cash straight into your account to bet with for seven days to try out spread betting. It’s non-withdrawable but any profit that you’ve made at the end of the seven days is yours to keep. Any losses of more than £50 after the seven days are your liability. Market restrictions apply, and account openings are subject to suitability checks. Spread betting does involve risk and losses can exceed deposits. As with all bookmakers, we insist that before you open an account with us you read the full terms and conditions.
A step-by-step guide to claiming Sporting Index’s new customer offer
1. Visit the Sporting Index website (here) and click the ‘JOIN NOW’ button in the top right
2. Enter your personal details (ensuring you pick “All” in the Product Type drop-down box)
3. Read the Risk Disclosure notice, so you are fully aware of the potential losses
4. Select your account details (including a password) and register
5. You will be issued an Account Number, make a note of it and click “GO TO SPORTING INDEX”
6. Log in using your Account Number and password.
7. When the promo cash pop-up appears, click on “BET NOW” to begin betting with your £50 promo cash!
You need to be 18 or over to gamble. Please gamble responsibly and BeGambleAware.org.
Good-to-know stats and team news for Man City v Arsenal…
Arsenal’s recent record against Manchester City is one new manager Unai Emery will be looking to reverse in the standout tie of the Premier League 2018/19 season’s opening weekend; they have lost their last three games against the reigning Premier League champions, conceding nine goals in the process and scoring just once themselves. What’s more, two of those defeats came at the Emirates, which will host Sunday’s 4 PM kick-off.
Over the last 10 seasons, Man City have won more opening-day Premier League games than any club, with eight, and have lost only one. Arsenal, meanwhile, have lost three and won four.
For optimism, Emery and fans of the north London club are best served by looking to Pierre-Emerick Aubameyang, who ended last season by scoring four times in his final three league games and is the quickest player in Arsenal history to score 10 Premier League goals. He did so in 13 top-flight appearances, and to put this in perspective, Mohamed Salah scored his first 10 of last season in the same number of games. The Gabonese Gunner comes into the game with four pre-season goals across five games.
Arsenal are one team that has delivered for the neutrals in their last two opening-day league games. Last year they beat Leicester 4-3 courtesy of a late Olivier Giroud goal. The season previous, they lost at home to Liverpool by the same scoreline.
Ahead of Arsenal vs Manchester City, there is also the team news to consider. Pep Guardiola holds his press conference on Friday, in which he is expected to tell the media that Kevin De Bruyne, along with first-teamers involved with England’s run to the semi-finals, are unlikely to feature. De Bruyne and last season’s second-top scorer, Raheem Sterling, only returned to training this week, but City currently have no players struggling with major fitness concerns.
Arsenal are without left-backs Nacho Monreal and Sead Kolasinac through injury, along with centre-back Laurent Koscielny. Midfielder Aaron Ramsey, meanwhile, is a doubt.
The post Explained: How to spread bet on the 2018/19 Premier League’s opening weekend appeared first on Squawka News.
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