In sports, almost every contest has a favorite and an underdog, most obviously when a historically strong team is playing a weaker team. The general purpose of spread betting is to create an active market for both sides of a binary wager, even if the outcome of an event may appear prima facie to be biased towards one side or the other. ![]() In the UK, financial spread betting is regulated by the Financial Conduct Authority rather than the Gambling Commission who regulate spread betting on sports. ![]() Financial spread betting (see below) can carry a high level of risk if there is no "stop". Spread betting has been a major growth market in the UK in recent years, with the number of gamblers heading towards one million. ![]() Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple "win or lose" outcome, such as fixed-odds (or money-line) betting or parimutuel betting.Ī point spread is a range of outcomes and the bet is whether the outcome will be above or below the spread. Type of wagering where the pay-off is based on the accuracy of the wager
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