Category Archives: NCAAB

The madness Behind Spread Betting and how Sports’ Fans have benefited from Betting

Many people have a great passion for sports. As such, a significant number of people have been using the Cover.com to obtain betting information. Cover.com provides the Match Madness odds and statistics. Despite betting being seen as a gambling activity, most individuals rely on it for a living. Moreover, some have even left their jobs to focus more on making bets. This has effectively led to the increase of betting companies expanding the global economy. Most people will want to bet on the strongest team to win. This poses problems to sports’ betting pages when the team wins. They are forced to slash a portion of the losing bets’ money to pay the victors. As such, the companies experience significant losses when there are many similar bets. To make things simpler, the businesses have invented new approaches for placing stakes, spread bets.

Spread Betting

Spread bets offer minimum margins for winners. It is said to have been covered when the favorite team wins. However, individuals who bet for the other group are named as the underdogs. They have two different ways of winning; either they earn when the runner-up wins or when the second best losses and the victory margin is not more than the spread. Additionally, when the favorite triumphs by the exact amount of the spread, the bets are negated. Every person gets their cash back. Negative numbers indicate the favorite teams, and positive numbers indicate the underdog team.

What are the tips for betting?

Do not bet blindly. The March Madness odds provides you with an opportunity to gamble for the team that you strongly feel will win. Sticking to betting for teams that you are aware of their strength is important. It will increase profits on your investment. Additionally, there is a need for flexibility in your approach. You have to look at all games independently. Conversely, match madness is dangerous. For instance, The Times approximated thirty thousand spread bets financial records opened in 2008 in the UK had developed 15% gambling problems in 2009. Moreover, the Cass Business School shows that only one in five bettors wins. This also corresponds to the ratio of other gamblers in the market. The spread betting companies also provide evidence of one in ten traders who make profits from the activities. They as well say that a high number of clienteles are suffering from the instability, which is supposed to be an advantage of spread betting.