Cricket Spread Betting
Cricket is arguably the sport most ideally suited to sports spread betting and offers various cricket markets relating to aspects of both team and individual player performance.
Spread betting has a long history in America and was exported to the UK in the 1980's as a form of gambling on the outcome of any event where the more accurate the gamble, the more is won and the less accurate the more is lost. Spread betting differs from conventional betting in that the amount you can win or lose is dependent on the margin of your winning or losing bet. A bet is made against a 'spread' (or index), on whether the outcome will be above or below the spread. The amount won or lost depends on the level of the index at the end of the event. The spread represents the index firms' margin.
These days spread betting is a choice of punting that many previously unwilling to try it are taking up. If you fancy a spread bet but have never quite understood it remember this: spread betting is the nearest thing in gambling to Bruce Forsyth's Play Your Cards Right. You the punter face one question and the answer is: higher or lower? The more frequently you are right the more you win the more often you're wrong the more you lose. For sheer excitement it sure beats the straight win or lose scenario of fixed-odds betting.
Sports spread betting provides you with the ultimate betting thrill and challenges your skill, judgement and knowledge of sport. The spread betting bookmaker will make predictions on various aspects of sporting events. You then bet against whether that prediction has been pitched too high or too low.
The predictions are presented in the form of two prices. This is known as the ‘spread’ and you bet low (also known as a ‘Sell’) at the first named price and if you wish to bet high (also known as a ‘Buy’) you would do so at the second price.
For example, if someone asked you to guess their age, you might say somewhere between 35 and 38 years old’. If you were betting on this prediction you would bet low at 35 years or bet high at 38 years.
Buy - Means you are betting that the higher value of a quote will be exceeded.
Sell - Means you are betting that the lower value of a quote will not be reached.
Spread - This is the difference between the Buy and Sell prices.
What you win or lose depends on the stake size you choose and how much you are right or wrong. Sporting Index might predict that the 1st goal in a match between Arsenal and Manchester United will be scored in the 36th minute and consequently set a spread of 35 - 37 minutes.
One client who believes there is bound to be an early goal goes LOW at 35 minutes while another who thinks that both defences will be at their best goes HIGH at 37 minutes. If the 1st goal is scored in the 25th minute, the client who went LOW at 35 minutes wins 10 times his stake (35 minutes take away 25 minutes = 10) while the client who went HIGH at 37 minutes loses 12 times his stake.
Before you embark upon spread betting make sure you understand the principals behind it. Do not be fooled by the high rewards that you can win with spread betting as the risks are also high too. Be aware that winning at spread betting is about controlling the risks at a steady rate
Spread Betting Firms
Sporting Index
Launched in 1992 Sporting Index is recognized as the market leader in its field having captured approximately 70% of the UK sports spread betting market
Bet hilo
Powered by Sporting Index Bethilo was launched in January 2003. The site’s user-friendly navigation aims to dispel the myth that spread betting is complicated. It allows punters to bet with smaller stakes starting from just 1p. Using the unique ‘Betting Calculator’ punters can decide how much they wish to risk and see every possible outcome before even placing a bet. Clients can deposit as little as £10 and opening an account takes just a few minutes.
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