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Basketball Spread Betting Explained

Spread betting is a form of financial betting that allows you to speculate on the outcome of an event without having to own the underlying asset. In basketball spread betting, you bet on the difference between the actual score of a game and the spread set by the bookmaker.

How Spread Betting Works

When you place a spread bet, you are betting on whether the actual score of a game will be higher or lower than the spread set by the bookmaker. The spread is typically a number of points, and you can bet either side of it.

For example, let's say the spread for a basketball game between the Lakers and the Celtics is -6.5 points. This means that the bookmaker believes that the Lakers will win by more than 6.5 points. If you bet on the Lakers to cover the spread, you are betting that they will win by more than 6.5 points. If you bet on the Celtics to cover the spread, you are betting that they will either win the game or lose by less than 6.5 points.

Calculating Your Profit or Loss

The amount of money you win or lose on a spread bet is determined by the difference between the actual score of the game and the spread. If you bet on the correct side of the spread, you will win a multiple of your stake equal to the difference between the actual score and the spread. If you bet on the incorrect side of the spread, you will lose a multiple of your stake equal to the difference between the actual score and the spread.

For example, let's say you bet £10 on the Lakers to cover the -6.5 point spread against the Celtics. If the Lakers win by 10 points, you will win £10 x (10 - (-6.5)) = £165. However, if the Lakers win by only 5 points, you will lose £10 x (5 - (-6.5)) = £115.

Factors to Consider When Spread Betting

There are a number of factors to consider when spread betting on basketball, including:

The form of the teams involved - The recent form of the teams involved can give you a good indication of their chances of winning or losing a game. The head-to-head record between the teams - The head-to-head record between the teams can give you an idea of how they match up against each other. The importance of the game - The importance of the game can also affect the outcome. For example, a team may be more motivated to win a playoff game than a regular season game. The spread set by the bookmaker - The spread set by the bookmaker can give you an idea of how the bookmaker thinks the game will go.

Tips for Successful Spread Betting

There are a number of tips you can follow to increase your chances of success when spread betting on basketball, including:

Do your research - The more you know about the teams involved, the better equipped you will be to make informed decisions. Set a budget and stick to it - It is important to set a budget and stick to it when spread betting. This will help you to avoid losing more money than you can afford. Bet small stakes until you are confident - It is a good idea to bet small stakes until you are confident in your ability to pick winners. Don't chase your losses - If you lose a spread bet, don't try to chase your losses by placing more bets. This is a sure-fire way to lose even more money.

Spread betting on basketball can be a fun and exciting way to make some extra money. However, it is important to remember that spread betting is a form of gambling and there is always the risk of losing money.