Search
Select the dictionary language
a type of gambling in which bettors place wagers on the outcome of an event based on a range of possible outcomes, with payouts determined by the accuracy of the bettor's prediction relative to the spread or range of outcomes set by the bookmaker
What is "spread betting"?
Spread betting is a form of betting where the bettor wagers on the outcome of an event, but instead of choosing a specific result, they bet on whether the actual outcome will be higher or lower than a set "spread" or range. For example, in sports, a bookmaker might set a spread for a game, such as a team to win by 5 to 10 points. The bettor can then bet on whether the team will win by more or fewer points than the spread. Spread betting allows for greater flexibility and can result in larger wins or losses, depending on how much the actual result differs from the spread.
