Spread Betting Guide Page 3
Spread Betting Odds Explained
Obviously the size of the figures quoted by the spread betting firm for the total goals scored market will be dependant on the amount of goals that they feel will be scored in the match in question. Though you may feel it wouldn't make a difference if the total goals quoted was 2.4 - 2.7 or 2.5 - 2.8, in the end these figures will define the amount of money which you stand to win or lose at the end of the match. Though the figures above do mean the same overall (you sell if you think there will be less than 2 goals and you buy if you think there will be more than 2 goals) and in the end they don't affect whether you win or lose your bet, as they mean the same thing. However when you come to work out your winnings, or loss, these figures are used in the equation by the spread betting firm. The difference between the predicted amount and the actual amount is multiplied by your original stake, this will define the amount you stand to win or lose, at the end of the match.
Obviously if you were to sell the total amount of goals, (presuming there will be fewer goals scored than the number quoted) you could stand to lose an unlimited amount (say 8 goals were scored in the match after you went lower, you would lose about 8 times your stake.) However if you chose to go buy, and go higher, your losings are limited to 0 (a goal-less match). This could typically be a loss of about £60.
So if you backed 2.4 - 2.7 with a stake of £20, and there were 5 goals in the match, you would win £46. (5 - 2.7 x £20).
However if you backed at the other spead betting firm odds of 2.5 - 2.8 with a stake of £20 again, and again there were 5 goals in the match, you would win £44. (5 - 2.8 x £20).
Therefore you can see that the spread betting firm offering odds of 2.4 - 2.7 on the total goals market felt there was likely to be less than 2 goals compared to the other firm which offered the odds of 2.5 - 2.8.
When you buy and go higher, this is when the higher bound from the odds are used in the equation to work out your winnings. If you sell and go lower, the lower bound from the odds are used in the equation to work out your winnings.
For example if the odds were 2.3 - 2.6 and you stake £20 and you buy (go higher) and there were 3 goals, you would win £8. (3 - 2.6 x £20)
If you stake the same amount and you sell (go lower) and there were 2 goals, you would win £6. (2.3 - 2 x £20)
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