What is spread betting?
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Spread betting is the alternative to fixed odds betting (5/1 etc) and allows you to put your sporting knowledge into a bet where the more right you are the more you WIN. Instead of quoting a single price a spread bet sets a ‘spread’ on a market which you can either ‘buy’ or ‘sell’. I hope you’re with me but if not just think of it like this you’re 9 years old and 10 green bottles are standing on a wall. Your pal Tom says “How many bottles do you think I can knock over?” You reply saying you reckon he could knock over 5 and for every one over 5 that he knocks over you’ll give him 10p and for every one under 5 he gives you 10p. Another friend, Harry, turns up and says to you both that he thinks Tom won’t get 5. Harry goes on to say that for every bottle under 5 that doesn’t get knocked off he will be paid 30p a bottle by Tom and in turn for every bottle over 5 he knocks off he’ll give him 30p. They all agree. Tom knocks off 7 bottles and therefore gets 20p from you (Dick!) and 60p (2x30p