subject: Examples of Spread Betting Calculations from Nov 28 NFL Game [print this page] Examples of Spread Betting Calculations from Nov 28 NFL Game
Spread Betting is an extreme risk-reward betting platform where large profits are won and lost as compared to fixed-odds betting for even money. This high risk-reward format is used extensively in Europe as are the Betting Exchanges. The popularity of Spread Betting is slowly reaching the US but there are no outlets providing this betting format. The legal Sports Books in Nevada apparently have no inclination to provide this betting option along with fixed odds that they use everyday.
To further understand the numbers involved and how they are calculated, I have included example results from an NFL game played November 28. Since the Spread Betting board has many types of bets, I will focus on one of the basic bets compared to fixed-odds. Basically pick a team at minus or plus thepoint spread listed.
Washington at NY Giants spread bet was listed at SELL 5 ---- BUY 7. It is called a Supremacy bet. The definition is a prediction of the number of points one team as afavorite will beat the other team by as the underdog. In Las Vegas Books and online it is listed as a fixed number. The NYG were minus 7 points which also means Washington was plus 7 points. Spread Betting has 2 numbers ---- thus a spread of 2 numbers from 5 to 7 points in this example. These 2 numbers will usually stradle the fixed-odds spread or betting line that all books use --- line is 9 points then spread is sell 8 or buy 10.
Results from Washington at NY Giants on Nov 28 was NY Giants 31 to Washington 7.
A difference of 24 points. If you spread bet NY Giants at Buy 7 your payout on a $20 bet was 17 times your stake of $20 or $340 with a $320 profit. Always take the final score point difference and subtract your minus points with the favorite --- 31to 7 was thefinal score with difference of 24 minus the 7 points on NY Giants equals 17 times your original bet.
Conversely, if you bet Sell NY Giants at 5 you were betting on Washington. Your results were minus 19 times your $20 bet or a loss of $380. The 24 point differenceand the 5 points you received equals 19.
A straight bet by fixed-odds was either win $20 on NY Giants or lose $20 plus 10% vig on Washington. Remember, with fixed-odds you are going to win even money whether your team won by1 point or 30 points. Spread Betting pays you accordingly to how right your were in your selection or penalizes you for how wrong you were --- thus it is a high risk-reward system.
