Since betting began, betting agencies have used all their imagination to enhance the range of betting opportunities for the punter.
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Nowadays we can bet, not only on the outcome of a sporting event, but also on many aspects of the event itself including the individual performances of the participants and the minute-by-minute progress of the game. These innovations have created the opportunity for the punter to exercise greater levels of skill and judgement in outwitting the bookmaker. None, however, have been as revolutionary and exciting as the introduction of spread betting.
Spread betting was invented by Charles K. McNeil in the 1940s. He was a mathematics teacher from Connecticut, who later became a bookmaker in Chicago. The idea took hold in the UK in the 1980s in the financial markets but, in recent times, it has entered the world of sports betting.
Spread betting is a popular innovation because, whereas in conventional betting a punter wagers that a team or individual will do well, spread betting enables punters, who really feel that they have a grasp of their sport, to bet that a team will perform either well or badly. Spread betting can also double the number of bets available on any particular event.
So, how does spread betting work? Before we explain spread betting is an extremely risky form of gambling, as will become clear, and, in accordance with our commitment to responsible betting, we advise that you obtain a complete grasp of the possible outcome of a bet before you place it.
The risk is difficult to assess and large amounts of money can be won or lost. Losses are dependent upon the amount of the stake and the margin of difference between prediction and outcome.
O.K., let’s suppose that Arsenal is playing Chelsea and that it is predicted that one of these teams will score in the 31st minute. A spread of 30-32 minutes will thus be created and punters may wager that this first goal will occur either before or after this spread.
Someone thinking their team will do better than the prediction will wager low and will bet at 30 minutes while another who believes the match will be hard fought would opt to bet high at 32 minutes. Should the match prove to be an tough battle and the first goal comes at 40 minutes, the punter who bet low will lose ten times his stake and the gambler who bet high will win eight times their stake.
Spread betting keeps you involved until the dying moments of a game and can be applied to other events in the game such as how many corners are taken. In cricket the number of runs can be predicted and there is the opportunity for this to be a changing figure as the game develops thus allowing new bets to occur as the game progresses.
From this example it can be seen that wins and losses are unpredictable but, perhaps, therein lies the excitement. Various spread betting accounts are available including a ‘stop win/loss’ account which means that each bet is subject to a maximum loss and win.
Shaun Parker has been involved with spread betting for several years now. For more information visit Free Betting Online.
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