Division wrote:Block93 wrote:I have got lucky this season with spreads...
I haven't done any spread betting. What (conservative) bankroll management strategy would you recommend for this?
I think the wisest decision is to buy the particular spread, rather than sell, as the sell can be open ended, the buy not so.
For example, let's say you have a spread on bookings in an average game - Arsenal v Leicester for example.
The spread will be around 37-42. A yellow card is 10 points, a red 25. So they are expecting 4 bookings. (Man U v Liverpool might be 67-72)
You bet £10 a point. If you 'sell' (ie you think there will be fewer bookings than 4), and there are no bookings, ie 0 points, then you will win 37x£10, ie £370.
The problem arises if you sell, and then there are fisticuffs, reds and all sorts, and you get to a points count of say, 120. You have sold the bet, and suddenly you are paying out 120 minus 37, which is 83x£10, ie £830.
By buying bookings, the very maximum downside is 42x your bet.
Be careful with spreads, and maybe start off betting £1 a point. Watching a game on TV when you have in-running spreads going makes even Swansea v Burnley an avid watch, trust me!! Keep your iPhone handy and logged in to the index!!