My first Spread Bet was an NFL game some 7 or 8 years ago. I really liked the Chargers (- 3) at home against the Redskins. I already placed a $100 bet on my standard online Sports Book (minus $110 to win $100). I decided to place $25 on the Chargers at minus 3 points. I knew the Skins were sluggish on offense and the Chargers were great on defense after 3 weeks into the NFL season. With Spread Betting, to place a bet, you ‘BUY’ the favorite or ‘SELL’ the underdog.
The online spread betting board was listed at Chargers/Redskins — SELL 1 — BUY 3. This means take the favorite at BUY 3 or SELL favorite at 1 which is betting Redskins at plus 1 point.
The Chargers won handily with great defense. The final score was 24 to 3 with the Skins offense being sluggish again. Now with my regular Sports Books I won $100 but with my Spread Bet of $25 I won $500. Pretty cool! The spread difference was 21 points ( 24 minus 3 = 21). My account had a cap maximum of 20 points. This cap allows a maximum of 20 times your money stake to be added to or subtracted from your account balance. This was an option I accepted to minimize risk. This was much more exciting than a straight up bet for even money minus the vig.
Where was the risk on this bet? If the Redskins won 24 to 3, I would have lost $500. But I knew that was not likely given each teams strengths and weakness. Washington wasn’t about to travel east coast to west coast and play a superior San Diego team and win by 20 points — no way. How many times do you see a superior team win by these scores —- 21 to 3, 24 to 10, 27 to 17 etc….
I felt my risk side was not that risky. Say the Redskins did manage to win by 3 to 7 points. If the Skins wins by 4 points and I am laying 3 points, then I lose 7 times my money bet ($25 x 7 = $175 loss). I felt the upside for the game had more potential than the downside. Old fashion handicapping skills still have the basis for any picks. I was rewarded for my expertise – more than I expected.
Examples of Spread Bet Calculations
Chargers by 3 points ——- 3 minus 3 = 0 (push)
Chargers by 7 points ——–7 minus 3 = 4 (win 4 X your bet)
Chargers by 13 points ——13 minus 3 = 10 (win 10 X your bet)
Chargers by 17 points —— 17 minus 3 = 14 (win 14 X your bet)
Redskins by 1 point ——- 3 plus 1 = 4 (win 4 X your bet)
Redskins by 4 points —— 3 plus 4 = 7 (win 7 X your bet)
Redskins by 10 points —–3 plus 10 = 13 (win 13 X your bet)
OVER/UNDER was 38 points
If you bet Over 38 —- you lost 11 X your bet. Total points was 27 (24 to 3)
If you bet Under 38 —- you won 11 X your bet. At $25 bet you win $275
This is just the tip of the iceberg when it comes to the many options available using Spread Betting. It can take weeks or months to comprehend this unique format. It is probably the most exciting, rewarding and sophisticated piece of betting software I have played compared to the other standard Sports Books. I would compare it to PROP bets during playoff games or the Super Bowl. But much more intricate and creative beyond anything else available. It does require more time, more research, better handicapping skills than regular betting. You will be totally amused by the creative input from this format and the overall software implementation. I think the secret is not to get too confused by looking at all the offers which are many but to focus on one or two options to pick. Each sport has its own unique betting options for each game.