Why It Pays To Shop Around

Whether you back or lay on Betfair, and regardless of whatever trading strategies or software you might use, I’m sure you always endeavour to bet at the best price available.

It makes no sense to do otherwise, and it is arguable that it is even more important when spread betting, and I’ll explain why.

Quite simply, it affects the outcome of your bet whether you win or lose, which isn’t the case when betting on the exchanges or using traditional fixed odds. In both of the latter, the better the price the bigger the win, but only IF you win. If your bet loses, then it matters not a jot what price you got on at, you’ve lost your stake.

When you spread bet however, not only is your profit improved in a winning bet, but your losses are reduced in a losing bet if you have found a price even a tick better than what might have been available elsewhere.

So, it pays to shop around, and with only 3 spread firms to check, it shouldn’t be too onerous a task really. What I’m saying is, if you spread bet, and you don’t have accounts with all of the companies, then it will undoubtedly cost you money in the long term.

Just a quick example, let’s say that Total Goals is your favoured bet. You will often find a difference of anything from 0.05 up to 0.2 difference between the price on this market between the firms, anything more would be an arb and would quickly disappear.

If you bet £10 a goal and the difference is say 0.1, then you are giving away £1 of your stake straightaway if a better price is available. If you bet to £100 stakes a point in that market, it’s a tenner.

Whether your bet wins or loses, you will be worse off if you haven’t taken best price, and if you do that 20 times a month for example, it could add up to quite a sum. Why leave it in the bookies coffers, when it should be in yours?

All makes sense I think you’ll agree, so get signed up to all of them if you want to maximise your spread betting profits.

Here are the links you need;

Sporting Index

Extrabet

Spreadex