spread betting.....SPREADEX

Bustino

I’ve yet to meet anyone who made spread betting pay be very careful.

i know that to be honest.....i needed another account.....they do fixed betting as well

bustino.
I know a guy who may have a holy grail for spread betting, drop Gaze733 a pm on here, he may be able to help you out

why are ewe getting involved when you dont know the scenarios?

^ The inevitable typo - when dealing with these kind of numbers 


'If you have Bought Shenk at 41 - and he Wins - Then you Win [b]39 Points X your Stake ... which you say is '2 Units'

The spread firms back then always boasted the didn’t close accounts or restrict bets providing the funds were there

SCHENK

John Deere Classic  -  FPs (Max 70)
06/07/2023

BUY $2.00 @ 41

Cash Out susp

Onlooker that is my receipt the 80-40-20-10
market is different and from my recollection schenk was 20 -23 in that market........my understang is if i finish 40th or better i win .......the worst sceanario he missses the cut and i lose 60.......if he wins i win 80

https://www.spreadex.com/sports/en-GB/spread-betting/golf/john-deere-classic/finishing-positions-max-70/spr/p2788262

Bustino - I think you may have made a mistake here. You have bought his finishing position, therefore, you want him to do badly. If he wins you will lose (41-1)=40 x $2 = $80.

If he finishes 70th you will win (70-41)=29 x $2 = $58.

For clarification - Whatever the Market.

I am sorry - But you are an absolute Mile out with your assumption ... "my understanding is if i finish 40th or better i win" 

You are confusing the Market MAKE-UP Prices as being the  Actual Finishing Places  - You WISH 

Spreadex would be out of business in Seconds were that the case. 


The '40' in the - 80-40-20-10 line is [b]NOT the Player's Finishing Positions ... Not by a country mile.

80-40-20-10 are the 'MAKE-UP PRICES allotted to the Finishing Positions - THUS ..

1st Place = Make-Up Price of 80
2nd Place = Make-Up Price of 40

You have BOUGHT at 41 ... So if SHENK WINS the Tournament - You WIN 39 Points  - (80 - Minus the 41 you bought at)

If Shenk Finishes 2nd - You LOSE  1 Point - Because ...

You BOUGHT at 41 - but ONLY 40 is awarded to 2nd Place - so 41 - MINUS 40 = MINUS 1.

Shenk finishes 'out of the (Market)  Frame' - and you LOSE 41 Points/Stakes

That is how it works in the 'TORNAMENT WINNER' Market - THE Biggest Market by far.


Somehow - It looks like you have bet into a 'First Places only' Market' - As there are Only 4 MAKE-UP Prices quoted - as opposed to the normal/usual 8 Places in the Main Market.

It looks like this/your Market may also be LOCKED once the Tournament starts - unless you can furnish a (Live) LINK to it, please. ... otherwise - 'batting blind'

Thankfully your Stake is only $2

Thank you......im more confused then when i posted first.....i will post my profit/loss monday regards bet.....its hany have an xtra account but they are tardy to put up fixed prices......i miss my wh account lol

Good morning onlooker

Nothing tricky about that bet yet still closed for been right.

I never even realised spread betting was around the last time Bolton had a good season

jimnast

only been to Bolton once, i went with my late brother probably around 25 year ago or more, we went to see spurs playing a cup match one evening.

in the away end the view was that bad you couldn't see the whole pitch, had a spread bet sold Bolton performance, Teddy scored after 5, thought here we go Ronnie finally score spurs 1 Bolton 5

A familiar story stu

Yep mate - I know people who were truly ruined by spread betting, much worse than I was.

i Think SEER is spot on my cash out is minus 60......Still confused thought i was backing him to finish better then 41st....this ac being consigned to history lol

Way back in 1998, I had one if the first two books published on Spread Betting. I had been following financial spread betting since mid 1980's when it emerged and then sports s[read betting since early 1990's.

As many other posters have said, the spread traders are very smart and, in many ways, that has been why spread betting has never really rivaled traditional odds. Quite simply, most spreads are so close to where a reasonable judge would put them there is usually no advantage in playing.

But there are a couple of things to note:

1/ In my book, there is a formula to convert spreads to traditional odds - it is complex but worth doing as a check whether a spread is accurate. Trouble is, my book is long out of print save for second hand sites! And I am not putting the formula on here because it is too long to type out.

2/ If there is any value on spreads, it usually lies on the Sell side because most spread punters hate the more uncertain nature of the sell liability. For example, if you sell the winning margins at a six-race meeting on a 15-17 length spread, the make up could be anything and so a sell at 15 feels more risky than a buy at 17. With a buy at 17, the most you could lose in if all six races are won by a nose - so you would lose all but 17 times your stake. Now, think about it if you have done a sell at 15 - you don't know what the maximum distances could be.

In my view, it is incredibly hard to make it pay with spread betting but here is one tip that has worked for me from time to time. Let's use winning distances again. Suppose you buy at 17 and the first two races are won by 6 lengths and 8 lengths. The fresh spread will be pushed up and it will be likely that you could then sell higher than you bought. Now, selling out at that point means you suffer the 'margin' of the bookie twice (once at the buy and once at the sell) but nobody ever got poor taking a profit and the times, for example, winning distances even out to close to the original spread are numerous. So, whatever the bet, if you have ever bought or sold and early on things go very much in your favour, either cut out or at least cover your stake.

To end, the above example is just an example. Please do not start posting from instances where cutting out early would have cost a punter huge amounts - like buying Brian Lara's runs in cricket when he hit over 400, something a well known spread bettor was said to have done. Good luck to anyone who hits it big like that but the majority need to relaise that, overall, the reversion to the mean is common place.

Despite spread betting nearly ruining me, I had a few markets that I could win consistently on - when they got shut down allowing me only a couple of quid profit it was game over for me.

The difference between markets was laughable - I'd get 'trader restricted' to a couple of quid on x market, go onto something like a football market and I could have 10's of thousands...

Find an edge they will shut it.

Coincidentally the inventor of spread betting Jonathan sparke died last week surprisingly the first index firm was coral index backed by joe coral ,coral index couldn’t make it pay so city index was formed in 1983.

Remember, years ago, you could Lay NON runners on Bet fair if you were in the know. And there was no non runner money back years ago. So punters lost their money. It was like finding money in the street.