Sports Spreadbetting
An alternative to bookmakers are the spread betting companies, such as IG Index
Traditional spread betting companies will predict the outcome of a sporting event. Punters will either believe their prediction to be too high or too low and will buy or sell the market. The more correct the punter is, the more they can win, conversely the more incorrect, the more they will lose.
Be aware that losses can exceed the original stake unless precautionary stop losses are put in place.
The spread betting firms provide an exchange that allows people with different views to bet against each other without having to pay the traditional bookmakers spread. You do not know who you are betting against so total privacy is maintained.
All the spread betting companies will require a minimum sum of money to be deposited, called a NTR (notional trading requirement) before accepting a bet. Credit terms can be established with the companies.
IG Index are the originators of spread betting originally in the financial markets and have now expanded into sport spread betting. Other companies provide healthy competition such as Cantor Spreadfair and Sporting Index.
A wide range of bets is on offer, e.g. number of yellow cards shown in a soccer match, when will the next wicket fall in a cricket match and total fight minutes in a boxing match.