Most bets usually take the form of ‘Yes’ or ‘No’; or ‘Win’ or ‘Lose’. However another type of betting still exists. This is called spread betting. The primary purpose of using spread betting is to minimize the risks arising from choosing a particular outcome.

In sports betting, spread betting works by wagering on the spread of the game outcome. Bookmakers use spread betting to balance the favorite outcome of a game against the unfavorable outcome. For instance if 2 teams are in a game, and one is favored to win, probably because of the number of quality players it has, and its home and fans support base. Instead of the booker to accept bets based on the outcome of win or lose, he will accept bets based on the spread of the win. Such as Team A will win by 5 points difference. In spread betting, anyone that bets in favor will be considered to have won the bet if Team A wins with anything more than 5 points. Although bookmakers know exactly how to place the odds, for win or lose, they must collect their commission.