Football is without a doubt the most popular sport around to have a spread bet on. The reason behind this is mainly the popularity of football and also the added excitement that is brought to a game when you have a spread bet on it.
Spread betting effectively rewards you for being right and the more right you are the more you will see rewarded to you in terms of profit. Take for example you think the game between Manchester United and Queens Park Rangers (Hypothetical example) will be high scoring. In this circumstance you will buy the total number of goals spread say at 2.5 for say ten pound. Now say the final whistle goes and the final score is 4-2 to Manchester United. Here you will have won £35 as each goal over 2.5 is worth £10 to you. Now say that the score was an astonishing 7-5 to Manchester United. You will have won £95. So your prediction of it being a high scoring game is worth more the more correct you were about that statement.
So as you can see from the previous example the more correct your feelings about a particular game turn out to be the more money goes into your profit. Now that is all well and good but how can you use this to make a killing from spread betting on football? The real key to achieving this is to realise the psychology of spread bettors.
The majority of spread bettors are thrill seekers; they love the feeling of a spread bet and like to play it out to the end. This is good we can use this. Now because most spread bettors are like this they are more likely to buy a spread than sell it. Why? Because what is more entertaining/exciting? Wanting a goal to go in or not wanting a goal to go in? Exactly.
So because of the psychology of the thrill seeking gambler we can deduce that most spread bettors will prefer to buy. Now how is this helpful? Well if more people are buying the spread than selling it what would you do as a spread betting company? You would raise the spread wouldn't you! Now what we are seeing is an artificially raised spread because of thrill seeking gamblers, not high spreads because of real sporting circumstances.
And it is through these artificially raised spreads that you can make a killing from spread betting.
Spread betting effectively rewards you for being right and the more right you are the more you will see rewarded to you in terms of profit. Take for example you think the game between Manchester United and Queens Park Rangers (Hypothetical example) will be high scoring. In this circumstance you will buy the total number of goals spread say at 2.5 for say ten pound. Now say the final whistle goes and the final score is 4-2 to Manchester United. Here you will have won £35 as each goal over 2.5 is worth £10 to you. Now say that the score was an astonishing 7-5 to Manchester United. You will have won £95. So your prediction of it being a high scoring game is worth more the more correct you were about that statement.
So as you can see from the previous example the more correct your feelings about a particular game turn out to be the more money goes into your profit. Now that is all well and good but how can you use this to make a killing from spread betting on football? The real key to achieving this is to realise the psychology of spread bettors.
The majority of spread bettors are thrill seekers; they love the feeling of a spread bet and like to play it out to the end. This is good we can use this. Now because most spread bettors are like this they are more likely to buy a spread than sell it. Why? Because what is more entertaining/exciting? Wanting a goal to go in or not wanting a goal to go in? Exactly.
So because of the psychology of the thrill seeking gambler we can deduce that most spread bettors will prefer to buy. Now how is this helpful? Well if more people are buying the spread than selling it what would you do as a spread betting company? You would raise the spread wouldn't you! Now what we are seeing is an artificially raised spread because of thrill seeking gamblers, not high spreads because of real sporting circumstances.
And it is through these artificially raised spreads that you can make a killing from spread betting.
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