My first Spread Bet was an NFL game some 7 or 8 years ago. I really liked the Chargers (- 3) at home against the Redskins. I already placed a $100 bet on my standard online Sports Book (minus $110 to win $100). I decided to place $25 on the Chargers at minus 3 points. I knew the Skins were sluggish on offense and the Chargers were great on defense after 3 weeks into the NFL season. With Spread Betting, to place a bet, you ‘BUY’ the favorite or ‘SELL’ the underdog.
The online spread betting board was listed at Chargers/Redskins — SELL 1 — BUY 3. This means take the favorite at BUY 3 or SELL favorite at 1 which is betting Redskins at plus 1 point.
The Chargers won handily with great defense. The final score was 24 to 3 with the Skins offense being sluggish again. Now with my regular Sports Books I won $100 but with my Spread Bet of $25 I won $500. Pretty cool! gclub The spread difference was 21 points ( 24 minus 3 = 21). My account had a cap maximum of 20 points. This cap allows a maximum of 20 times your money stake to be added to or subtracted from your account balance. This was an option I accepted to minimize risk. This was much more exciting than a straight up bet for even money minus the vig.
Where was the risk on this bet? If the Redskins won 24 to 3, I would have lost $500. But I knew that was not likely given each teams strengths and weakness. Washington wasn’t about to travel east coast to west coast and play a superior San Diego team and win by 20 points — no way. How many times do you see a superior team win by these scores —- 21 to 3, 24 to 10, 27 to 17 etc….
I felt my risk side was not that risky. Say the Redskins did manage to win by 3 to 7 points. If the Skins wins by 4 points and I am laying 3 points, then I lose 7 times my money bet ($25 x 7 = $175 loss). I felt the upside for the game had more potential than the downside. Old fashion handicapping skills still have the basis for any picks. I was rewarded for my expertise – more than I expected.