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Section 4
This is an interesting type of bet in which the companies offer spreads on the outcome of tournaments, team performance, positions in leagues, how the favourites get on at a race meeting etc. They award points for the finishing positions.
The variety of tournaments in so many sports is enormous and performance index betting allows you to have a competition within a competition in some of them, as well as betting on the outcome. It would be impossible to show you all the examples from all sports, as the range of bets within spread betting keeps growing and growing, so the following are a few examples to give you the idea of how they work.
To begin with, it must be understood that while the different spread betting companies offer quotes and points on competitions, these do tend to differ from company to company. The best you can do is shop around.
TENNIS
Tournament index.
Eg. Wimbledon. ---- Companies might offer these points for the finishing positions.
1st place -- 100pts. Runner-up -- 75pts. Losing semi-finalists -- 50pts. Losing quarterfinalists -- 33pts. Players losing in the last 16 -- 20pts.
The companies then offer the quotes for the spread on each player in the tournament. They try to predict, on present and past form, how far a player is likely to go.
Eg. 1-- T. Henman -- 25--28
In this spread, the company have made a quote, believing T. Henman will not reach the quarter finals. If you wanted to place a bet on him thinking he will and that he might do even better than that, then you should ---- BUY at 28.
Let the unit stake be --- £10.
If Tim Henman loses in the final, then he will get 70 points, and you win.
So calculate your bet ------- 70 - 28 = 42pts x £10 = £420 profit.
On the other hand, if he lost in the last 16, he will only get 20 points, and you will lose.
So calculate your bet ------- 25 - 20 = 5pts x £10 = £50 loss.
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Eg. 2 -- P. Sampras -- 55-58. In this spread, the company thinks Pete Sampras will do well, and at least reach the semi-finals. If you think he is not playing as well as the spread betting company quotes, then you should SELL at 55.
Let unit stake be --- £5.
If P. Sampras wins the tournament, he will get 100 points, and you lose.
So calculate your bet -------- 100 - 55 = 45pts x £5 = £225 loss.
But imagine if he was beaten in the first round, then he will have 0 points, and you will win.
So calculate your bet -------- 55 - 0 = 55pts x £5 = £275 profit.
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Lots of tournament index bets on all sports are similar to the tennis example, such as how well or badly teams or players get on in the World cup, Golf opens and majors, FA Cup, League positions, Rugby competitions, the Superbowl,World Darts championship, Cricket cups and leagues. Basically anything where there is an eventual outcome in a competition, then a tournament index can be applied.
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Team performance.
Another type of performance index, besides the tournament index, is one in which you can judge the players performances as a team in a particular match.
Eg. -- England performance in one of the recent matches in EURO 2000.
Spread betting companies took into account averages in games for certain incidents that might happen throughout that game.
A quote might be offered -- England perf. --- 46 - 50.
The quote is based on a points system again, this time on certain aspects of the game. Points awarded as follows :- Yellow card = -5 pts. /Red card = -10 pts. /Goal = 20 pts. /Corner = 3 pts. /Clean sheet = 15 pts. /Score last goal = 10 pts.
So you can see there is quite a variety in what a company might include that a team could do in a match. Of course they will offer a quote on the other teams perfomance also, but that is a seperate bet.
If you think that England will play an attacking game, getting lots of corners and scoring a few goals, then you should BUY at 50. On the other hand, if you deem it to be a negative game, with lots of fouls and possible bookings for one or two English players, then you should SELL at 46.
The settling is the same, by totalling the points for your side -- the final make-up, and calculating the bet according to the spread. For instance --- if your bet was -- BUY at 50 @ £4 point unit stake, -- and in this match the score was 2 - 0 to England, they had 5 corners, but one player was booked. the bet would be settled as follows :-
2 goals = 40pts + 5 corners = 15pts +scored last goal = 10pts + clean sheet = 15pts and 1 booking = - 5pts
Total = 40 + 15 + 10 + 15 - 5 = 75 pts.
Therefore the bet = 75 - 50 = 25 pts x £4 unit stake = £100 profit.
If your bet originally was to SELL England, then you would have lost.
75 - 46 = 29 pts x £4 = £116 loss.
There are many types of team and individual performance bets available within competitions and they are advertised in newspapers and teletext.
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FOOTBALL
Hotshots.
This is an index bet where a group of players in a match are judged on how they perform. In EURO 2000,for example, strikers -- 2 from each side were selected by the spread companies, to form a team of Hotshots. i.e. the emphasis was on goals and who would score them.
In the England v Portugal game, the strikers -- Shearer, Owen, Sa Pinto and Figo were chosen as the team of Hotshots. For each goal scored by any one of them -- then 25pts were allowed. If any of them didn't take part in the game -- then 8 pts were allowed for this.
The spread might be 26 - 30 if the company assumes a low scoring game with only one of these four players getting on the score sheet once. If you did not believe any of them would score, then you should SELL. If you believed these four strikers would score plenty of goals between them, then you should BUY.
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HORSE RACING
Favourites
One of the performance indices offered in horse racing is the Favourites index. This is where points are awarded for how well they will do throughout on a days racing at a specific meeting.
Points awarded :- 1st --- 25pts. 2nd --- 10pts. 3rd --- 5pts. ( If a jt-fav or co-fav -- then the lowest racecard no. of the favs will count )
The company will assess the going, the amount of runners in each race, etc., and they will then quote a spread on their prediction of the fate of the favourites.
Imagine a six race meeting. The possible outcomes go from one extreme to the other ------------- If all 6 favs win then points total = 6 x 25 = 150 pts. Yet if all 6 favs finish out of the first three places then points total = 6 x 0 = 0
If the spread is -- 68 - 72, this offers a chance that 2 favs can win and 2 can be 2nd i.e. 25+25+10+10 = 70 pts, and there are other possible results for the spread to be correct.
If you are sure that the favourites will do very well at the meeting, then you should BUY at 72. If you think that the favourites will do badly, then you should SELL at 68.
The same principle applies to the settling of the bets.
We will look at this again later to show you an extension of this type of bet.
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GREYHOUNDS
Multi-mutts
This is a popular spread bet. The company will offer a quote on the aggregate total of multiplied forecast trap numbers at a greyhound meeting.
Eg. ----- The forecast ( 1st and 2nd ) in a race might be -- traps 6 - 2. If you multiply these trap nos. --- 6 x 2 = 12, then this becomes the make-up for that race. If the forecast had been 2 - 3, then the make-up for this is -- 2 x 3 = 6.
Now if you add the totals ---- 12 for the 1st race, 6 for the next, and so on for all the races at the meeting, then you will get an aggregate total. This is a different type of Totals bet, but a very interesting one. As in all spread betting, where possible, the companies update the spread quotes in-running during live events.
Companies offer a spread on the multi-mutts, as they do in totals betting. Always check the rules relevant to the type of bet you are doing.
Similar types of bet to this are multi-corners in football, and multi-tries in rugby.
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