Simple Strategies For Spread Betting
Spread betting is far more complex and risky than traditional forms of online sports betting. This high risk – high reward style of betting appeals to many seasoned bettors as it offers the opportunity to win far more than you would with fixed odds bets. As such, it is important to have proper knowledge of the particular betting type before placing any significant wager. If done correctly, spread betting can be extremely profitable. We take a look at few spread betting strategies that can seriously improve your bankroll.
Always Bet on Knowledge
Most sports betting online sites offer spread betting in some form or another. The basic concept of spread betting revolves around totals and betting above or below the spread offered by the sports betting sites. With all forms of betting, understanding the sport is the first step. With spread betting, knowing the basics is not good enough. If you are going to be betting on each point above or below the spread, you need to have a keen idea of exactly how each game can turn out.
A good way to start is to predict the final score before the online sports betting site has even posted the spread. When the spread does come out, you can judge for yourself how far off your estimation is and the bet would be worth your while.
Calculate Your Losses First
It may seem a pessimistic way to view sports betting online, but since your losses are not capped, the first thing you should do before placing a bet is to calculate your potential losses. If you are point betting on a basketball game and there is potential for the score to go over or under by 30 points, consider what your losses could be at $2 per point bet versus $10 per point bet, which could set you back $300.
Consider the Stop-Loss Mechanism
If you ask any seasoned punter they will tell you that sports betting online is more of an art form than anything else. It takes time to feel the flow of the game. For anyone starting out, a good strategy is to implement a stop-loss. This is a mechanism where you can define a point in the bet in which you can cancel the entire bet and take the loss. This ensures that your losses are kept to a minim when things go wrong.
Pay Attention to Handicaps
When two teams are unevenly matched, an online sports betting site will give the underdog a virtual point advantage. Using spread betting in handicap circumstances makes it far easier to wager points on the underdog. In most cases, the favourites will squeeze through with a single point, if at all. This leaves plenty of opportunity for spread bettors to make huge profits.
Take a Small Profit at The Start
Online sports betting in Canada is a multi-million dollar industry. The bookmakers employ experts to set the odds and the spread. Finding a true opportunity can take time and patience. That being said, when you find the best odds, it is important to understand the full implications of the bet, the amount that can be won and the amount that can be lost. With in-play spread betting, it is always better to pull out with a small profit rather than risk a higher profit or a sign incant loss.
Spread betting is often considered the most intense form of online sports betting, mainly because of the risk involved. Whenever the risk is increased, the potential for profit is never far behind. If you are thinking of trying your hand at spread betting, a good strategy is to mentally prepare yourself beforehand. Remain focused, alert, zoned in and avoid potential distractions. As with all forms of betting, you should always prepare for the worst case scenario, even if you are confident in your skills.