HOW DOES IT WORK?
Sports spread betting is effectively a way of betting higher or lower than a predicted number of things happening in a sports event.
For example in football you would bet above or below a number of goals being scored in a game.
Or in cricket you would bet above or below a number of runs being scored in a match.
This means that if you call it correctly and beat the ‘spread’ comfortably you can end up with some healthy profits.
But – and this is the important thing to remember – if you get it wrong and the bet goes against you, you can end up losing more than you first put down on the bet.
This video from UK sports spread betting firm Spreadex offers a great visual explanation of how this form of betting works: