Spread Product. The only company in Australia that offers this style of betting.
The more you’re right the more you win and vice versa.
Huge range of stats-based and player based betting markets.
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Spread betting is a form of wagering that pays a variable amount depending on the accuracy of your prediction compared to the bookmaker’s spread. This in contrast to a fixed odds bet that pays a set amount if a certain criterion is met.
With a traditional bookmaker most sports bets will have one of two outcomes: you either win at predetermined odds (e.g. 1.91), or you lose your stake. With any given wager you can’t lose more than your stake.
With spread betting, however, how much you win or lose depends on the margin by which your bet wins or loses. The payout equals the stake multiplied by the difference between the result and your chosen line or total. The bookmaker will temporary hold an amount greater than your stake (called the Withheld amount) from your account until the bet is concluded. This is to ensure there are sufficient funds in your account to settle the bet in the event of a heavy loss.
It is suggested that you stake approximately 10% of your usual fixed odds stake to account for the volatility in the markets