Spreadex also offer a number of ‘Fixed Odds’ spreads to
complement their comprehensive spread betting coverage. These allow you to
effectively place a fixed odds bet on a number of markets.
‘Fixed Odds’ spreads settle either at 100 if the named team
or player wins the event or at 0 if they don’t. The price is a two-way spread
which allows you to either bet for or against an event happening.
For example, in football, we might quote Chelsea as 47-54 to
beat Arsenal. If Chelsea win the game, the market makes up at 100, if they draw
or lose the game it makes up at 0. If you buy at 54 it is slightly
better than backing Chelsea at 5/6 to win the game as you are risking 54 points to win 46.
‘Fixed Odds’ spread betting is also a great way to get
against a team – by selling Chelsea at 47 you then have the draw and a victory
for Arsenal running for you. If the match finished 1-1 then the result makes up
at 0, meaning you would win 47 times your stake.
We also offer ‘Fixed Odds’ spreads on other sports such as
horse racing, cricket, tennis, rugby etc. The advantage of betting with a
‘Fixed Odds’ spread bet is you know your maximum profit or loss situation at
the outset as it is ‘fixed’ rather than variable as with most spread bets.