Spread Betting - Tips and Strategies

I have already stated, in the first part of my explanation of spread betting, that this is a high risk, high reward and high loss way to bet. So, if you are going to bet this way then you need a clear strategy to follow in order to make this mode of betting profitable.

We need top be clear about what we are going to do if we are to maximize any profits and minimize any losses. These are some options open to the spread bettor:

The Fixed Stop Loss
As the name suggests we will fix a point at which our losses are stopped. We therefore know at the outset of the bet what our potential losses are for that bet. If you fix a stop loss point at the start of a bet then the bookmaker may not give you as good terms as a bet without stop loss. This is because if things really go against you the bookmaker will be making a lot of money out of you! You may therfore be prepared to bet without the stop loss in place and phone or use the internet to close your position when your stop loss is triggered. The disadvantages of doing this are huge! you may not be able to make that call quick enough or you may lose connection at the vital time. Also, events may move so quickly that you cannot close out when you want to. I recommend that if you spread bet that you always employ a stop loss. If you dont you can find that you will be cleaned out before you kow it.

The Moving Stop Loss
This is similar to a fixed stop loss except you track the spread until the stop loss is triggered when events finally go against you.
For example, if you set a moving stop loss (SL) at 10 points below the spread the moving SL will keep moving up as things go your way until events turn the other way and come back ten points to trigger your get out point. The SL moves up but never back. It gets triggered if things go against you from the start but moves up when events are in your favour. This way you 'lock in' profit.
You may not win the most money but you ensure that you make within ten points of the best outcome.

The Stop and Reverse
This is where you realise that things are not going your way close out your position and take out one that reflects the opposite view to your original. It like a cricket captain following the ball with his field placings. Not reccomended.

The Moving Stop and Reverse
Similar to the stop and reverse but employing the moving stop loss. Could be used in volatile situations such as a 4 - 4 draw in a football match. Again not recommended.

The Stradle
This strategy is employed when you feel that there is going to be a violent swing in one direction but you are not sure which way this will be. To do this you fix a stop loss on both the buy and sell (say ten points either way) so that when the swing occurs your SL is triggered one way but the move the other way more than compensates for this!

These are startegies that apply to both sports betting but may be more so the financial market spread bets. If you are brave enough to bet this way - good luck !

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