Spread Betting On Horse Racing Explained
In a previous article I briefly touched on spread betting on horses. As promised, I will expand on this topic in this article.
Spread betting has become a popular way for punters of horse racing to place bets. If done properly, it can allow you to make a lot of money in a short time.
There are always risks with gambling. If you're new to horse racing or a bit of a novice punter, you should be aware that spread betting on horse racing is a little complex, and due to the nature of how it is structured, although you can win big it can also cause you to lose a drastic amount of money if you are not careful.
This makes it absolutely essential that you must be sure that you clearly understand the methods of spread betting on horse racing.
Spread betting on horses is becoming more popular
Spread betting is a popular concept in sports with high potential winning margins. This includes American football, American rugby, American cricket, and darts.
People who wish to place bets on financial markets also use it. They bet on whether or not a stock will rise or fall and how much.
I'm not actually convinced by spread betting on horses myslef, as I find that the risk is just too high, yet many people successfully achieve great results with it. daftar Poker88 Spread betting on horses is a fun and interesting way to take calculated risk. However, everyone must be aware of the fact that there are high risks, which discourages many from trying it.
How do you spread betting on horses?
The first type of spread betting on horse racing is based on what is known as the favourite's index. Each favourite gets a set amount of points. A hot favourite (for example at a price of 6/5) would likely get the maximum amount of points (which is 25), whereas a 9/1 favourite in the Grand National would only attract say eight points for the index.
The bookies are protecting themselves by reducing the number of points.
So with the allocation of points, a spread is created and essentially what punters will do is buy if they feel the horse will win, or sell if they think it won't.
You can also bet on jockeys, which is a new twist to traditional betting. The way jockey betting works is pretty much the exact same way as the favourite's index, with the only difference being that you are betting against a quote of how great a race (or more than one) a jockey will have.
Predicting Winning Distances Will Pocket Cash Too
Similarly, the winning distance index is played in essentially the same way but with a slight difference, as points are awarded based how much you think a horse will win by. These can be broken down into a short head, head and neck, half a long length, 3/4 length and multiple lengths (two to ten, five to ten, etc).
Typically the going of a racecourse affects what the spread and points allocation will be for distance betting, and this is where the bookies can really earn their corn. Poor judgment of how the conditions are going to affect a race could cost the bookies thousands, so they have to get it right.
Spread betting on horses is too laborious, in my opinion. That is not to say that I am lazy, quite the contrary, but there are multiple factors and several key things that have to be considered properly even before you consider looking at what to back.
I prefer a simpler approach, and maybe this is why I have done so well.
Spread betting is a way to manage your money. Unlike traditional betting or betting on the Tote you don't know how much you can lose until the race ends. Then it may be too late. That to me is a major drawback.
Although there are some punters who excel at this type of betting, you can call me old-fashioned. I prefer the traditional approach and I recommend it to all beginners.