Spread Betting Information

Julio2 · Listed Class Joined: 09 Feb 2006 Posts: 38

Hi guys,
I've just recently opened a Sporting Index account and am just familiarising myself with all the markets etc they have.

I was wondering if anyone knows of any good books or websites with info on Spread Betting.

I'm particularly interested in getting the equivalent price in fixed odds betting. I've figured out that a 6/4 11/5 6/4 match would be -0.1 _ 0.1 on a spread supremacy but after that I'm not really sure where to go!

Dammo Qwirky · Stallion Joined: 29 Oct 2004 Posts: 5882

Without going into it too much I would say tread very carefully with Sporting and check yer statements closely.

Regarding really useful websites other than ones explaining wot spreads are etc, they are woefully short on the ground. As are spread companies! Only a handful, wish there were more!

Obv u r fairly close to the mark, when teams are closely matched the spread will centre around zero, and vary accordingly to the strength of stronger team. U will find that a fixed odds price will not always relate directly to a spread price, but its a fairly good benchmark figure to work from.
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Julio2 · Listed Class Joined: 09 Feb 2006 Posts: 38

Cheers,
I do pretty well on fixed odds betting but from time to time I've seen spreads which I've felt were off the mark so decided I'd open up an account and have a few smaller stakes before taking them to the cleaners! Fingers Crossed

What I really need is a method behind my stakes. It's easy with fixed odds because your potential profit and loss is known.

However say I want to buy total corners at 10 for a tenner, my liability is 100 but the chance of there being no corner in a game is about 500/1, similarly there being exactly 1 is probably 200/1 etc. then if it ends up being 11 I only win a tenner for my 100 liability so compared to fixed odds it's like backing a 1/10 shot!

I assume the theory behind is it as I've stated above that if you work out the probability of Exactly 0, 1, 2.... 10 and that is less than the probability of 11, 12, 13, 14...... then you should be buying.

Dammo Qwirky · Stallion Joined: 29 Oct 2004 Posts: 5882

spreads dont exactly equate like that cos wot they do is work out an expected result and give people the opportunity to buy and sell in equal measure. they want an equal amount of people buying and selling to balance their books. the spread moves according to volume of bets. if more people are buying than selling the spread will move up (to discourage people and get money the other way) nd vice versa.
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Julio2 · Listed Class Joined: 09 Feb 2006 Posts: 38

Thanks for the reply,
I've had a pretty good weekend with it and am figuring it's not really comparable to fixed odds betting.

I'm just wondering about how to compare the different markets.

Tonight I fancied goals in the Bordeaux v Marseille match but instead of buying goals at 2.3 I sold the 2nd goal time at 62.

Would it be right to say that this proved better value as it was a 2-2 draw with the second goal in the 27th minute!

On the goals time I risked 27 times my stake (90-63) and won 36 times my stake. But on total goals I'd have risked 2.3 times my stake and won only 1.7 times my stake.
Is it right to say that I got better value of 36/27 compared to 1.7/2.3?

Do you still bet with spreads?

We could share some tips etc if you like, as a few lads I know are just getting into it too, I'll direct them to this forum!

Dammo Qwirky · Stallion Joined: 29 Oct 2004 Posts: 5882

hi julio

i think its prob fair to say u ended up with better value altho u cant really compare like for like as they are different volatility markets and as such u would be betting with different stakes.

i use spreads as my main form of betting as u do better the more right u r, and as the gf will testify im never wrong! doesnt quite hold true in spread betting but i do very well out of it. im often asked by people to gamble money for them, but never really too sure about doing it. would be good to see a bit more discussion on spread betting so ill try to do my bit.
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spook · Listed Class Joined: 19 Feb 2007 Posts: 26

julio, you need to get yourself a IG account , really you should hav all 4 if your going to give it a go, IGs site runs a lot faster than sportings and they change their quotes a lot quicker, spreadex just copy sportins quotes but there site runs ok, its written in sportings rules "you may have an account but under no circumstances must you win anythin" Their a joke when it comes to suspending betting in running, think you can only bet if the ball is in the centre of the park, IG again win hands down on this. as for other advice\ selling is the key, dont be afraid to sell a position again in running as the quotes are aimed at the buyers and be careful x 10.
Dammo, think sporting have caught on to me trying to pick up arbs when i spot them as they now refuse me £20 a point on the bookings(normal bookings non arb stake is £5 ) had a few where sporting were the firm who had to pay me, I hav to keep asking, then they change the quote . Agree with more use of the spread pages , good luck Julio, enjoy that feeling when you on the right side of a position , nothing like it in fixed odds.

Dammo Qwirky · Stallion Joined: 29 Oct 2004 Posts: 5882

sportin pretty much dictate the market in terms of prices, its a shame that every aspect of them is just so abysmal and pathetic. website runs slower than a fat bird.

ig are a much better company with a vastly superior interface.
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Julio2 · Listed Class Joined: 09 Feb 2006 Posts: 38

Cheers for the advice spook.

I guess it's just like fixed odds that the more accounts you have the better value you'll get. One of my friends has an IG account and says it's v good.

A lot of what I've done so far has been selling goal times. Particularly in French games, which are generally low scoring you can get some good value.

spook · Listed Class Joined: 19 Feb 2007 Posts: 26

il have a look, i tend to study the spannish bookings but its a bit volatile in running and good value bets to nothing dont come along very often , thats where the control has to step in so that you dont have a play for the wrong reasons , all of a sudden your sitting on a position you dont want just because youve had a bet for fun. ig is by far the best site tho, A lot of the best bets will be your own intuition about what you think is going to happen, then make a mental note of what make up you think it will be and then have a look at the quote , Good luck and let us know how ya get on.

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