Spread betting has finally hit Australian shores through new betting agency ‘Pointsbet’ and if you’re unfamiliar with how the system works, we are here to give you a brief rundown so you can start sweating meaningless games and junk time stats with the rest of us.
Spread betting is super exciting, it allows you to win more money depending on how right you are (or lose more if you are wrong) and the great thing about it is you can keep betting right up until the final whistle, so it turns those boring blowouts into edge of your seat thrillers.
Many people have a pre conceived notion that spread betting is super complicated and has a lot of risk attached to it, however, with time and some practice you’ll be able to wrap your head around it and it’s actually possible to limit your losses as you see fit.
So what is spread betting?
Basically, it’s a wager you place on an outcome in a sporting event where the more right you are, the more money you win, or vise versa. The outcome doesn’t have to be the result of the game, it can be absolutely anything ranging from the amount of stats a particular player has or even the time it takes for an event to take place.
Let’s say the Warriors are taking on the Cavaliers in the NBA tomorrow. Pointsbet thinks that the total amount of points in the game will be 230, so they will offer a ‘Spread’ of 228-231, now it’s your job to conclude whether there will be less than 228 total points in the game or more than 231. Following?
So, say you think it’s going to be an absolute shootout and they will clear the 231-point mark easily, you would place a bet on the over for a determined amount of units, for the purpose of this example let’s say $10.
If the game is indeed a shootout and the score line finishes with a total of 250 points, then you would win a total of $190. The 250 points scored is 19 more than the spread, and since you wagered $10, your return will be $10 x 19.
Alternatively, if you took the over for a bet of $10 but the score finished at only 220 points, you would lose $110, because 220 is 8 units less than the spread of 231.
Usually, if people get this far, they are suddenly turned off by the fact that you can lose more money than your initial stake. However, there are ways to
minimise and at times even put a cap on your losses, here’s how.
Say in the same basketball game, Pointsbet have set the time it takes for the first field goal, or made basket at 28-31 seconds. You think that it could be higher than this so you like the over, however, you’re only willing to risk $30.
Simply wager $1, because even if by some miraculous Will Smith ala Fresh Prince tip off shot lands a basket in the first second, the most you’ll lose is $30 because $1 x 30 (the amount you lost by) is $30.
It’ s a little bit harder to control your losses when you are betting on the under, because even though it’s not very likely, there’s still a chance that the two teams might not score for the first 3 minutes of the game, at which point your losses would already be at $150.
Hopefully this little introduction will help you on your way to becoming a spread betting pro. Remember, Pointsbet have a wide range of sports, each with more obscure markets than the last including AFL, NBA, NFL, MLB, Cricket, Cycling, Darts, and of course Soccer just to name a few.
Always Gamble Responsibly.
Sha Tin hosts a huge 11-race card on Sunday, June 16th, and we've picked out our four best bets on the card here! read more
AFL Round 13 will come to an end on Sunday when North Melbourne host Greater Western Sydney at Blundstone Arena. We preview the match and provide our best bet here! read more
Some of the world’s best soccer players have headed to Brazil to play their part in this year’s Copa America! We preview the tournament and provide our best betting tips here! read more
There are approximately 90 Group 1 level harness races in Australia and New Zealand each year; we've highlighted some of most high profile races on the annual racing calendar here. read more
Harness racing form can be daunting to punters that are new to the sport and form analysis for the trots is certainly different to that of the gallops or greyhounds. We've listed what we think the most important factors to consider are when studying the form for a trots race. read more
Barrier draws are crucial in racing and they are especially important in harness racing. We've explained why barriers are such a key part of harness racing form study and their importance to determining a horse's chances here. read more
There are many common terms used in harness racing that may not make sense to those new to the sport. Our harness racing glossary will help you understand what some of the key terminology means. read more
Only the six games in the AFL again this weekend due to the byes but still plenty of value on offer! We have a complete odds list of all six games courtesy of Sportsbet here read more
The first bye round of the 2019 AFL season is in the books and we are back to review all six games of Round 12 and take you through who we think deserved to poll the all important Brownlow votes here. read more
It's the first of the bye rounds as Round 12 of the 2019 AFL season kicks off with Richmond and Geelong on Friday night in arguably the match of the round. Here's the full Round 12 odds and betting lines thanks to Bet365. read more
It's getting tight at the top in our rolling 2019 Brownlow Medal Leaderboard with a couple of new faces emerging as contenders. Check out our Round 11 Brownlow votes predictions here! read more