The sporting index calculator is used when players are looking to place spread bets. These spread bets can seem quite confusing at first, but with the help of OddsMonkey’s guides and calculators, we will ensure that players will get the hang of spread betting and use tools such as the sporting index calculator to make the most of their matched betting journey.
With spread betting being different to matched betting, it is one of the most interesting forms of wagering as the more right you are, the bigger the prices you could potentially see returned. Yet the more wrong you are, the bigger the potential loss could be. Here at OddsMonkey, we will look at everything that has to do with spread betting, including how it links to the Sporting Index calculator and how it links to matched betting.
What is Spread Betting
Spread betting is an advanced betting technique which involves betting on the movement of a market rather than an actual event. Similar to financial markets, spread betting markets allow players to buy or sell at certain points after the stake is placed. If the player thinks the range will be lower, they will sell, whereas if they think it will be higher than the range, then the player will buy. For example, one of the most common markets for spread betting is the ‘number of goals scored in a game’. If you sell on this market, then you are betting that there will be fewer goals scored than the spread, whereas if you buy, then you are predicting that there will be more goals than the spread.
It is important to note that spread betting is not available with online bookmakers. Instead, players must use a sports spread betting firm such as Sporting Index or SpreadEx.
Spread Betting Examples
If there is a football match with a spread of 2.75 and 2.95 for the ‘number of goals scored’, players can either buy or sell depending on if they believe there will be fewer or more goals. Obviously, there cannot be 2.75 goals in a game, yet these values are given to work out an average of the number of goals that the market believes will be scored, basically meaning the market believes that 3 goals will be scored. However, the more correct you are, the bigger the potential return. If we placed a £10 stake on there being no goals, we would receive £27.50 profit; however, if one goal is scored, then the profit will drop to £17.50.
If a player has placed a bet on there to be more than 3 goals, then there can be potential for increased profits, with 3 goals being scored, which will award £0.50 profit, but 5 goals will award £20.50 profit. On the other hand, if there are 0 goals, then there will be a £29.50 loss. For players who are interested in more info and terminology surrounding football, check out our football betting guide!
Some other examples of spread bets are ‘Time Of First Goal’, ‘Total Corners’, ‘Goalscorer Shirt Numbers’ and ‘Supremacy Markets’ which is a spread bet which predicts how dominant one team will be, with the spread typically being based on how many goals a team will beat another by.
How To Use The Sporting Index Calculator
In typical OddsMonkey fashion, we offer betting calculators that cover a whole different range of sports betting options. Our sporting index calculator is the perfect tool to use for players who are placing spread bets. By entering all of the valid information, such as the total goals and initial stake, players can then place the values of odds and commission in the Lay section, which will then instruct the player of the stake and liability needed. We have a guide on understanding liability for players who need clarification on the term too.
Finally, once inputting all of the relevant information into the sporting index calculator, there will be an extensive report on how much profit would be made depending on how many goals are scored, or the potential loss that the player could incur if the game does not go in a favourable way.
Who Can Use Sporting Index Calculator
The sporting index calculator is used for players who are placing spread bets, meaning this calculator will not be of any use for players who are not using this betting technique. Yet anyone who is spread betting is able to use it and will find it incredibly useful, with its ease of use, effectiveness and accuracy all being major benefits presented to users.
How Does The Sporting Index Calculator Link To Matched Betting
Spread betting is a completely different form of betting compared to most typical forms, yet with Sporting Index, they offer a sign up bonus which can vary in bonus amounts, meaning we can use the sporting index calculator to make the most of this offer, without the ability of making a loss. We also offer some other impressive guides, such as the William Hill free bet guide and the Bet 365 free bets guide.
For players who are getting started on their matched betting journey, we have an extensive matched betting blog which offers a bunch of handy advice and in depth breakdowns on the intricacies surrounding this strategy. Furthermore, we also have tools such as our matched betting calculator which can help players lock in profits through careful strategy and mathematics should they prefer this approach to the aforementioned spread betting technique.
