Spread Betting on Cricket

Possibly of all sports, the one which lends itself best to spread betting is Test cricket. Much of the excitement sports spread betting delivers comes from the volatility it offers in terms of how many units above or below the spread a market makes up. While football might be the most popular sport on which to place a spread bet, a high scoring football match might only have five or six goals. A high scoring cricket match however is likely to have 1,500 or more runs which means potentially huge upside (and downside of course)!

Nearly all Test cricket spread betting markets are traded in-running throughout the duration of the Test. The most popular markets are:

Sport Betting

* Team runs: (a quote is set for the number of runs a team is expected to score in an innings and the client is challenged as to whether they think it'll be higher or lower than the market

* Batsman runs: will a batsman score more or less runs than the market quoted

* Session runs: buy or sell depending on whether you believe a team will score more or less runs than the quoted market in a session

* First wicket runs: how many runs will a team score before the first wicket goes down - will it be more or less than the market quote? This market is repeated for second, third, fourth wickets etc

* 25 Index: Team that wins Test scores 25 points, if the match is a draw a tie or abandoned both teams awarded 10 points. The losing team gets zero points. Buy or sell depending on how you think the teams will perform.

Spread betting on cricket works exactly as it does spread betting on all other sports. A market is made, say for example on Andrew Strauss first innings runs 42-47. This means the market maker thinks Strauss will score between 42 and 47 runs.

* If you think Strauss will score more than 47 runs you might 'buy' or 'go high' at the top end of the quote (47). You will need to determine your unit stake as to what every run is worth (say £1 a run). For every run more than the quote Strauss scores you win your unit stake. So if he scores 92 you win 45 units (or £45).

For every run less than 47 he scores however you will lose a unit or £1. So if he only makes a paltry 12 you would lose 35 units (or £35).

* You may however think he'll score less than 42 runs, in which case you may wish to 'sell' or 'go low' at the low end of the quote (42), again lets say your stake is £1 a unit. Providing Strauss scores less than 42 you will make money, if for example he makes 32 you'd make 10 units or £10 (10 units less than the point at which you 'sold').

If however Strauss goes on to hit 55 runs, you would lose the difference between the level at which you sold and the number of runs Strauss scored (55 runs scored minus 42 point at which market was sold) so 13 units or £13.

Spread betting is a leveraged product and can result in losses that exceed your initial deposit. Spread betting may not be suitable for everyone, so please ensure that you fully understand the risks involved

Spread Betting on Cricket

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