Sport Betting Spread
Sport betting spread is a specific type of bet mostly common in horse racing basketball and soccer (football). In this type of bet the gambler has to bet on whether the final score will be above or below the odds given by the bookmaker.
The sportsbooks have a team of statistics which determine the possible match or event score and according to that they set the odds for the bet. Usually the odds are the same or very close between the different bookmakers, however there is a possibility to bet in more than one sportsbook and perform arbitrage betting and make a nice profit on the way. It requires some preparation work and investigation.
Sport betting spread is popular in the UK and the USA where sport spread betting is popular and common both online and at the event itself (note for USA: due to late legislation it is not available online anymore – might be in the future).
Many choose the sport betting spread type of bet since it’s basically a 50-50 type of bet which can only win or lose for sure, nothing in the middle and only 2 options.
The spread type of bets is also available in the financial spread betting UK markets, where it is very popular.
If the final score in sport betting spread is draw (not above or below the spread) the gambler will get his money back for the bet. The odds for that are very low but it still works this way.
Arbitrage betting in sport betting spread is a very to perform sure bets (100% win guaranteed) where 2 different bookmakers offer completely different odds and while the gambler places his bets in the 2 different bookmakers there’s a winning guaranteed as well as a profit. The higher the bet amount the higher the profit obviously.