Horse racing journalist and handicapper who covered the Kentucky Derby, Preakness, Belmont and Breeders’ Cup for the Las Vegas Review-Journal.
HORSE BETTING GUIDE · BET TYPES
Reviewed by the Horse.bet Team
What is spread betting in horse racing? — explained: Spread betting is a form of wagering with more in common with derivatives trading than with the traditional parimutuel and fixed-odds systems used in horse racing.
Spread betting is a form of wagering with more in common with derivatives trading than with the traditional parimutuel and fixed-odds systems used in horse racing.
Also known as exchange wagering, spread-betting providers offer horseplayers the ability to back their opinions on whether an individual market will head higher or take a tumble.
As Investopedia.com explains, “Unlike fixed-odds betting , it does not require a specific event to happen. You can actually close the bet at any time and take home the profits or limit the losses.”
In other words, it resembles stock market trading in that you can invest in a horse before a race, but then “sell” before it is run in order to lock in profits. Put another way, you could invest in a daily double and decide to sell at a much higher price after selecting a winner in the first leg. Or you could part with only part of the investment to hedge against an unfavorable outcome in the second leg. Either way, you have either guaranteed a profit or at least limited a potential loss.
Numerous providers offer spread betting in Europe, but it is only available in the U.S. to residents of New Jersey, where Betfair’s exchange has been authorized for those who prefer it to parimutuel or fixed-odds betting. More and more betting exchanges have announced their arrival in the US market, including Prophet Exchange, that offer service in NJ and in OH from 2023.
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Significant terms
Available to new customers only. Make a qualifying deposit of £5* or more and claim the offer within 30 days of registering your account to qualify for 300% of that amount in Bet Credits, up to a maximum of £30* in Bet Credits. Once released, your Bet Credits will be held in your account balance and are non-withdrawable. To release your Bet Credits for use, you must place qualifying bets to the value of your qualifying deposit (capped at £10*) and they must settle within 30 days of claiming the offer. Only qualifying bets placed and settled after claiming the offer will count towards this requirement. PayPal, paysafecard and all other prepaid credit and debit cards, where available, cannot be used for either your qualifying deposit or any subsequent withdrawal of returns from Bet Credits stakes unless we have successfully verified an accepted form of your Identity Documents and you have entered a Postal Verification Code (PVC), or we have successfully verified two accepted forms of your Identity Documents. See condition 2 of full Terms and Conditions for details. Bets placed must meet certain conditions to count towards the release of your Bet Credits: Must contain at least one selection at odds of 1/5 (1.20) or greater. Only the largest cumulative stake on an individual selection within a market/fixture combination (either pre-match or In-Play) will count towards the settled bets requirement. Cashed Out, Instant Games, Gaming, Free Bets, void bets, In-Play bets which are settled as a push or Fantasy Sports entries will not count. Your Bet Credits are non-withdrawable, and Bet Credits stakes are not included in any returns. Any returns from Bet Credits placed will be added to your Withdrawable Balance. Bet Credits cannot be used on certain products, offers/promotions and bet types. See full Terms and Conditions for details. Your Bet Credits will expire 7 days after they are added to your Bet Credits balance.
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