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Spread Betting v Fixed Odds
I have been betting on sport since it became legal in 1994 and I started spread betting around 1998. Spread Betting is like Fixed Odds betting on steroids and I am surprised that the following seems so much smaller than its fixed odds cousin.
I play fixed odds as well but for me spread betting is what makes or breaks my weekend because the more right I am the more I win while on the flip side the more wrong I am the more I lose.
I love the adrenaline rush that comes with spread betting and the fact that the bet is seldom finished until the final whistle. With spread betting every point literally does count.
I have a few theories on why spread betting is less popular (not only a South African thing) than fixed odds but would be interested in hearing from other punters before I share these as I don’t want to prejudge the outcome.
If you are a fixed odds player only, what stops you from playing spreads?
If you are a spreads punter how do you compare it to fixed odds? Also did you play fixed odds before getting into spreads?
If you are finding your feet in spread betting what are your early thoughts? Also what is the reason that you are only starting to play now?
If you have tried spread betting and it wasn’t for you what was it that you didn't like?
If you have any questions regards the mechanics or strategy of spread betting feel free to ask them here, I will do my best to answer them.
Finally whether you are a spreads player or considering getting involved remember that it is very volatile and you need to know that the impossible worst case scenario really can happen and manage your stake accordingly – trust me I have been there
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Re: Spread Betting v Fixed Odds
Great topic for a thread Brent.
Very new and pretty green where Spreads are concerned and will add more of my thoughts in the next couple of days but for now....
Have to agree on the adrenalin rush even when playing to small stakes!
Was attracted to it mainly for the rugby, I do OK on the fixed odds handicaps usually just above 50% strike rate for a tournament based on my Sportspicks performance in last years S14 and CC but have often thought that I would have been better with spreads rather than taking 9/10. Ties in with your, "if I am more right I win more" train of thought.
Have already had a couple of decent results with rugby though took a reasonable hit for the first time yesterday with the Bulls but my biggest error so far was on footy. A couple of weeks ago I went high on bookings in the Brum v Liverpool game, my thinking was there could be some needle between the sides based on recent history and the fact Brum always get stuck in and Hodgson has added a couple of players to Liverpool who do not shy away from a tackle or two. A quote of 3.0 looked fair enough to me and in I went, posting accordingly on this forum. Southpaw came on and rightly pointed out that the ref had the record and repuation of being one of the most lenient in the league when it comes to flashing cards. So it proved, I got away with 2 bookings and no disaster but the way the ref, Halsey? nursed players through the game without troubling his pocket showed me that the "ref stats" should have been my first port of call. A scholboy type error on my side.
I would like to see more online local books offer Spreads but also some help for novices such as I. Simple stuff relating to stats readily accessible whether it be links to helpful online resources, posts on forums such as this where people pool knowledge and even just a beginners guide to learning the ropes. A sort of checklist I guess.
The ref stats for my footy spread mentioned before is (now) an obvious one to me but say for rugby I'm talking about stuff like, points scored / conceded home and away against top half and bottom of of the log. Average shirt number of try scorers per team etc... throw it all in with the usual stuff like overall form, team news and weather forecasts and you can make a solid case whether you do your money or not!
Cricket test series runs and wickets (excluding Pakistan) is another I have my eye on for the future, shame we have so few test series of say 4 matches or more these days.
Was that half a million win or place on Lucky Dan....?
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Re: Spread Betting v Fixed Odds
I'm with you Brent. About 90%, perhaps more, of my betting bank and betting activity is dedicated to spread betting.
In fact, I got involved way back when Neil Andrews used to run a breakfast show called Superbet, where spread-betting was heavily promoted. I forget the time-lines but it was probably way back in the mid 90's. In fact, updated spreads would be broadcast on a ticker-tape with most live sports events, and if I'm not mistaken, there was even a channel dedicated to broadcasting updated spreads. You should ask Neil about this some time Brent. The whole thing got canned at the time of Hansie-gate, when betting, and spread-betting got a bit of a bad name. At the time Supersport had a partnership with what is now called Atlantic Sportsbet, but I kinda remember them also being called SuperBet at the time - memory is a bit foggy, so I may be confusing them with the name of the programme, but that was the betting company that was promoted, and was seen to be the pioneer of spread betting locally at the time.
The idea of betting in-running, on all kinds of match events, got me hooked from the get go. Cricket was our favourite, and myself, my brother, and my dad ran a joint account where we phoned in our bets in-running on everything from batsman runs, innings runs, supremacy etc. Sportsbet / Superbet had a lot more markets back then e.g. in golf, they would have in-running markets on how many strokes the winner would win by, for F1 racing there were in-running markets on victory margin (in seconds) etc. Not many of these are offered anymore.
Like you said, I find it a lot more involving. The more correct you are, the more money you win. The converse is also true, of course. But I find that every single second of every match, matters. In soccer, for example, two of my favourite bets are total match goals, and total match corners. If you go high on total corners @ 10, for say R100, it means that for every corner in the match more than 10, you win R100. Even in a stale draw, you're completely hooked until the final whistle, waiting for just one more corner. In cricket, on a spread bet going high on total innings runs, every single run matters, and I find myself cheering for every single run from the tail-enders.
The downside is that if you get it wrong, it can be costly, but usually a stop-loss is offered, which means that your losses will always be limited to whatever the default stop loss is for the event. I've mentioned before, Sportsbet has the monopoly locally, and don't do a bad job at all. There traders understand a spreadbet. Be-tXchange offers a few limited markets, but their traders suck i.m.h.o (with spreads at least). I think there is a massive opportunity locally. Sportsbet hasn't upped their game in years, and their web-site has lots of room for improvement, particularly the ability to close out on line. Their software is outdated, and sometimes locks your available funds by calculating your exposure incorrectly. Fortunately, you can call in to over-ride this by the traders, but it shouldn't be necessary.
I think the lack of interest is mainly due to a lack of education from punters, or based on the false perception that it's a "complicated" bet. The reality is that it's completely the opposite. Even my late mom understood that it was simply deciding whether to "go high", or "go low" on whatever number the bookie set for an event in a match - be it total games in tennis, total points in rugby, total runs in cricket and lots, lots more. In fact, Brent, I think some blame should be laid at the foot of the bookies. Some basic education and promotion will see a huge take up.
Sporting Index, if anyone from your company is reading this, come to South Africa, pleeees - there's a huge captive market just waiting to be gobbled up 
"You'll miss 100 per cent of the shots you never take." - Wayne Gretzky
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Re: Spread Betting v Fixed Odds
Hi Brent
Some of my early thoughts
Q :If you are a fixed odds player only, what stops you from playing spreads?
A: 1.Knowledge and practice and balls
2.A bookie who will offer this, including in-running spreads available on-line.
3.I have experienced that some bookies advertise in-running fixed odds but do not implement once the game starts, and other bookies close the in-running 10 minutes before final whistle, and others suspend trade for a couple of minutes (eg 4 minutes) after a goal or try,
Q:If you are finding your feet in spread betting what are your early thoughts? Also what is the reason that you are only starting to play now?
A:1.Have not yet started spreads,need to allocate capital and a separate bank for this
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Re: Spread Betting v Fixed Odds
Hi Brent
I have been betting on Fixed odds for about 9 years now, and only in the last year started getting involved in spreads. I definitely feel there are many reasons for this trend, but for me the main reason is 3 fold.
1) As has been said earlier, the information on Spreads and excatly how they work is very limited, and it took me ages before i received suitable answers to my 'many' questions before i started feeling comfortable enough to get involved. (Pity this website and forum was'nt around 6 years ago?!! haa)
2) I also think a lot of people don't have the bank-roll as yet to be able to bet what they feel is worthwhile, because you have to provide the full amount for the 'worst case' scenario. i.e; If you want to play R100 a unit on rugby shirts, you need to have atleast R4000 available to be locked in for that bet. (40 unit stopp loss)
3) I also don't think the bookies have been great in creating a suitable market for this, as though the Rugby spreads are getting more varied and attracting more punters, there is still a very limited to zero offering on Tennis spreads as well as other sports i enjoy. Most specifically around tennis, as it is very rare to find an outright bet that is worth a bet (other than the 4 grand slams), as most games are so heavily in favour of the favourites, it just doesn't make sense to bet on them, or for that matter against them. BUT, if you could bet on games supremacy (like you can overseas), and other spreads, would be a lot more on offer to bet on.
Just some of my thoughts.
Cheers Muzza15
First with the head, and then with the heart!!
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Re: Spread Betting v Fixed Odds
Some great responses there guys thanks and essentially they very much echo my thoughts.
Spreads in SA vs. Overseas
I think one of the problems we have in SA is the spreads players are fixed odds bookmakers who do spreads on the side. If they are under pressure on a given day the spreads are the first to suffer.
Overseas you have the Sporting Index and Sportsspreads focusing purely on spread betting - as Syba says that would be ideal here. You don't see the Ladbrokes and William Hill trying to do spread betting as well.
Interestingly enough Sportsspreads did come out here with a white label backed by Phumulela but they packed it in after a couple of years.
I think spreads requires specialist staff and probably a higher grade of staff member than fixed odds. The cost of doing it right probably puts alot of bookmakers off.
I have actually written to Sporting Index before asking of they have considered this market but they never responded.
Education, Education, Education
Syba I am sure it is no coincidence you and I started betting spreads at the same time and I also learnt of it through Neils program which for some reason I recall as being called Superspreads. When multichoice pulled out that show actually evolved into Super Saturday the show which many people still associate Neil with.
I wonder what percentage of current spread players are still around from those days? I would suspect a pretty high percentage.
Back to the Sportsspreads example - they will probably argue that the market was too small but what did they do to try and educate the fixed odds punter with a view to getting him involved in spreads?
Muzza, Mackem and Fastden all touched on the fact that information on spread betting is scarce - I am convinced the customers are they just need to be educated.
Types of Spreads
Mackem I love test series spreads as I prefer not to have my fate decided by one ball or bad decision. As you say the test series these days are too short but I have a few good and bad stories to tell around the good old 5 test series. Syba I gave up individual innings run spreads as I always seemed to get stiffed - it does make it exciting though and it is great when for example you start making money and every bounday as a rand value attached to it.
Muzza agree tennis spreads would be a great way of creating interest especially on short priced matches.
Bankroll
A good point by Muzza as the cost of getting into spreads is high. Fastden having a seperate bankroll is ideal and I would suggest to anyone that they wait until they have enough of a bankroll.
Having a bankroll is crucial when you start taking it seriously.
To sum up I think a combination of costs and the perceived size of our market are keeping major spread players out but with the correct advertising and education I am confident our market could support at least one full time spread betting company.
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Re: Spread Betting v Fixed Odds
I’m very new to spread betting myself, but I have similar thought on the topic as Muzza has. He mentioned Spread betting on Tennis, I would love spread betting on good sports such as Golf. What Tennis is for you, Golf is for me man. Something like that would be a great indeed.
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Re: Spread Betting v Fixed Odds
Ddoug you do get golf spreads but locally only on the majors and Betxchange your Best Bet.
Markets I enjoy are the indexes and finishing positions but you can also get 72 hole match plays and the like.
One afternoon with me Catsmug and you would be a spreads punter for life!
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