Profit from sports spread betting
Spread bet on sports – and make money!
Learn how to profit from sports spread betting with our FREE GUIDE from a punter with 20 years of winning experience. Here’s part one – setting spread betting rules.
1. Set your spread betting rules
Spread betting – especially sports spread betting – has an image as a high-risk form of gambling. To start spread betting is tantamount to selling your wife (or husband) and kids into slavery in some people’s eyes. But, provided you set yourself some rules – and follow them – it’s no more dangerous than any other kind of gambling.
After all, you can do your brains in all forms of betting. But as long as you remain sober, in control and don’t gamble more than you can afford to lose, there’s no doubt that spread betting can be a richly rewarding way of betting on sport.
What’s good about spread betting?
Spread betting rewards accuracy. There’s nothing worse than being about to win a fixed-odds bet on a team winning 3-0 only for the leading side to score again. You predicted that a thrashing was on the cards; you were right, but you won’t win a penny.
That’s not the case with spread betting. The more right you are, the more money you’ll win.
Of course, if you’re wrong, you can lose spectacularly – and that’s why it’s important to set rules.
One of the key ones is to decide on a stop-loss amount – and stick to it. This is a point at which you automatically close your bet (known as “closing your position” in spread betting) – in other words, cutting your losses and running.
A reputable spread betting company like Sporting Index will offer you a stop-loss point as a matter of course – take them up on it.
It’s also worth setting out some rules about what you will and won’t bet on. In general, people who win money betting do so by specialising in one sport – or even one competition (Spanish La Liga football, for example).
Decide what you’re an expert in – and stick to it.