Spread Betting - An
Spread betting is
different from normal betting as it is not about winning and losing but
by how much the player/team wins or loses by. On this site on a weekly
basis we will advise trades on golf tournaments when we believe the
price is wrong. Please note though, with Spread betting the more you are
right the more you win, but equally the same applies the other way.
Therefore, as important as the tips themselves is the ability to
understand "money management". All trades will be advised to a certain
stake and this is done to absorb the volatility this concept has.
In golf, the firms normally price up certain types of markets on a
weekly basis, they are listed in detail below. Occasionally special bets
will be available on any number of situations, for example how the field
will perform on a certain famous hole like the 12th at Augusta.
All bets will have two options, you can either "sell" / "go low" or you
can "buy" / "go high". In most spread betting markets you sell if you
feel the player/team will do worse than the firms believe and buy when
you want to support them to do well. The firms realise though that most
punters want to support, i.e. would you rather cheer on goals in
football or runs in cricket, or want a 0-0 or a low runs score. As the
prices are set with the intention of accepting an equal amount on both
sides of the spread, the price will undoubtedly be set a little higher
than what the true price should be. If you traded on cricket runs at say
250-260 runs per inning, the most you could lose by buying is 260 if,
albeit nearly impossible, the team is out for zero. If you sell though
at 250, the team could score any number of runs. Spread firms
essentially make their money by taking the spread as their profit, (the
10 points in the example being their profit no matter what happens).
Therefore i am sure with this quick explanation you will realise that
most punters buy markets for both the support of action and the fact
they know how much they can lose. It is the firms' best interests though
to make sure that the majority of buyers do so at a poor price.
Spread Betting on Golf: The Markets
We have spoken above about selling to oppose and buying to support.
However, and this is where it gets complicated to the novice, in
Finishing Position markets only, you do the opposite. The reason is that
the Finishing Position is where the player finishes in the field so 1st
is 1 and so on upwards. Please note that in these bets the firms usually
put a ceiling of 70 on the highest position the player can finish so it
does not become too volatile. A player will normally be quoted from
around the late 20ís to the early 50ís (except Tiger, of course) and if
you think the player will contend you sell, if you think he will have a
poor week, you buy. If a player misses the cut he automatically makes up
(Finishes) at 70. This also applies to any disqualified or withdrawn
"tournament within a tournament" bets. In that, only 7 or 10 players are
quoted and the winner is the player who shoots the lowest score of those
quoted. 50 points is generally given to the winner, going down to 30, 20
and 10. The bottom 6 (in a 10 man field) score 0. Once again, you can
buy or sell, depending on how you think that player will perform. In 7
man fields only the top 3 score, receiving 50, 25 and 10.
Hole Match Bets.
The simplest to explain. The firms will give a price on how many strokes
one player is expected to finish above another. There is a ceiling of 25
strokes here with the only other important rule being that if one (or
both) players miss the cut, scores are doubled to give a four round
Hole Match Bets.
Similar to above in that it is 1 player against another, but as the
scores will not be that far apart generally, the scoring is changed to
10pts for the winner, and 3pts per stroke won by.
The firms will allocate a spread to a choice of 4 players. They will
score 25pts for being in the top 10, and get a further 25pts if they win
the tournament. There are scoring deviations to this over different
firms but this will be pointed out as and when we advise a trade.
This is a market like the index bets above, but includes the whole
field. At the start only well known players will be quoted but as lesser
known players come up the leaderboard they will be quoted between
rounds. Usually this market is updated between rounds but in the really
big events, like The Open, it can be traded as they play. Usually firms
pay down to 8th place.
That is the markets, but who are the firms. Unlike normal betting where
there are hundreds of bookmakers vying for your business. in Spread
Betting, there are only 4, three of which are in the UK:
Sporting Index /
also in Ireland there is
. If you are going to spread bet then it is almost necessary you have
accounts with all
18th May, 2004: Today, SportsSpread closed my account as i was "winning
too much". It is a compliment I suppose but this site always backs the
advices given on here and we can therefore no longer advise plays at
this bookmaker. It is of course not advisable to promote a firm that
will close down winning accounts so for these reasons we will no longer
advise any plays from them. (Andy)
What we aim to do at
Tour-Tips is to highlight bets on a weekly basis that we feel is value.
Spread betting is about having a knowledge of what you are betting on
but also requires a good understanding of the mechanics of spread
betting itself. Throughout the season we will research the prices on a
weekly basis not only advising trades before the event but picking up on
what we believe are over (and under) reactions to where a player is at
any given point between rounds. Therefore please look back regularly for
any updated bets, the home page will show if the spreads (or the
fixed/exchange bets for that matter) have been updated.
Hopefully the above is a good guide to those unsure of how Spread
Betting works and works as a refresher to those with a little knowledge.
If anyone is unsure of any bet advised or just wish to ask a general
question on the spreads feel free to email me on