Spread betting is a method of placing a bet on something and using a spread on how you think the event, product etc will go. For example, if you are betting that a team will win by 10 points or more, then you will win x amount of money per every point that team goes over 10 if they win. If they win by less than 10, then you lose your money. Sounds simple, but it has both its rewards and its dangers.
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Advantages
Free from some taxes: The earnings aren't subject to the 5 percent taxes that are charged when someone buys stocks or bonds instead of just betting on how the stocks will go up or down. It is also free from you having to pay capital games taxes unless the tax rules are changed. Of course if you win money, you are still subject to the IRS for income taxes.
All cost included: Spread betting lets you pay everything at the same time including the fees for the bookmaker and any funding as you make your bets, not all at once and you always know much you would possibly lose. In regular betting, you have to pay as you go and it can cost you a lot more percentage wise than in spread betting.
Bets can be makes everywhere! It is something that a person can do no matter where they live or with whom they want to place the bet with, even if it is in a worldwide arena you can get involved in stocks, bonds, gold or whatever takes 10x10bet your fancy.
Disadvantages
Addiction is possible! It's a well-known fact that gambling can become addictive. Just look at Gambler's anonymous. Anyone that finds they are gambling more and more regularly should examine what they are doing and be careful. Analyst has shown that spread betting is even more dangerous, then regular betting. It's estimated that 15 percent of those who try spread betting could become addicted versus one percent in regular gambling.
Losing will cost you: Although in spread betting you only have to put up a part of the bet, but if you lose, you will still have to pay off the broker with the entire amount of the loss. It is indeed a great way to make money on stocks, etc without having to put down as much or pay some taxes or fees, but things don't always go as planned and if you don't do the proper research ahead of time, you could lose a very large sum of money.
All in all, spread betting is a style of betting when a person bets the odds on a positive or negative outcome of a situation. For example, a person bets that gold will rise in price to $350 or above. If it does, for every dollar over that better will win money. Otherwise, if it goes down, he loses for ever dollar under that. It can bring both rewards and pitfalls, so betters should do their homework and know what to expect before placing a bet.
Winning in betting on sports is not impossible, and there are even professional gamblers referred to as wise guys in the industry. What are their secrets to success? We summarized their patterns so you can imitate their success.
1. They are professionals; they don't ever let emotions get into their way. They never chase losses and are detached from watching sports as a fan. It is a rather difficult thing to do for most sports gamblers. This emotionless approach allows them to keep a good head on money management matters and make unbiased research and sound decisions.
2. They have an ample amount of experience at their disposal. This allows them to be extremely sensitive to price and odds, and their implications to the outcome of the game. Their timing is exquisite and only bet when price and probably are on their side. You need years of experience to acquire this knowledge.
3. They bet on straight bets more often than parlays and props. And the reason is pretty obvious. The one question you need to ask yourself when gambling is: are you here to have fun to earn money. Sitting, waiting, and making careful calculation is boring, but they consistently pay off. Wild bets on the other hand, are the fastest way to a depleted bankroll. There is another interesting betting pattern that intrigues me, and that's betting on home underdogs - home underdogs reportedly beat the stats in the long run.
4. They register many different betting accounts at different sportsbooks. Why do they do that? It allows them to shop lines for good price and free sportsbook bonuses []. It is arguably the most important thing in sports betting. If you just stick with one book, I definitely won't be seeing you for long. Another benefit is to avoid being branded as a wise guy. Sportsbooks hate professional gamblers and will limit your bankroll if you are exposed.
5. They check their performance regularly and cash out regularly. You would think that these are common sense, but majority of the gamblers don't, and won't bother to check with their sportsbook accounts and performance.
So there, go out, be bold, and use these tips and make a fortune!