This question is usually being asked by gamblers both novice and experts. However, in order to understand the best kind of spreadbet it would be great if you would understand the basics first. If this is the first time for you to hear the word spread bet then here is a definition for you. Spread bet is actually a bet based on any type of wagers where the winner is determined based on the actual outcome of the event being bet on. The spread bet is more focused on the accuracy of the outcome rather than relying only on the win or lose outcome. The reason why it is called a spread is because of the fact that the bet is based on a range of outcomes. Since the bet is “spread” based on range of possible outcomes aside from win or lose outcome bettors will only win based on the accuracy or how close the bet is to the range of the outcome. Spread bets have two types the sports and the financial bets.
Sports Spread bet – sports spread bet is focused on popular sports like basketball and football among others. Instead of betting on the team and who will win the bettors will actually bet on the difference of the score. The first spread bet in sports became popular in the year 1980 and was actually done by the bettor betting on the difference of the scores between the two competing teams. It is usually a question of whether the score difference is lesser or greater than the value specified by the dealer. It is of course much more complicated than that since you also have to take note of the underdog and the favorite. At the start of the bet the bettor will have to choose on whether to bet on the underdog or to bet on the favorite. Now if the bettor will bet on the underdog and executes a spread bet it means that the bettor will win if the score of the underdog when added to the specified spread by the dealer will be more than the score of the favorite. For example the dealer stated that the spread is 5 and the final score for the underdog is 20 and the final score for the favorite is 22 then the underdog better wins since five added to 20 is 25 which is more than the favorite’s score of 22.
Now this is different if the bettor bets on the favorite because this time the favorite’s score is deducted to the spread value and if the favorite’s score is still higher than that of the underdog then the bettor wins.
The other type of Spread bet is the financial spread bet, the difference between the sports and the financial spread bet is the fact that financial spread bet is dependent in the movement of the financial market. So you are basically betting on the financial market, a good example is that you are betting on the value of the stocks in the near future.
So spread betting may look like a difficult gambling process but you will soon get the hang of it. Now to answer which one is the best kind of spread bet? Well actually it all depends on where you are good at. If you are the number crunching type then the financial spread bet is for you however if you are the opposite and happy to be doing simple arithmetic then sports spread bet is for you.
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