Spread Betting Definition
A form of betting in which the bettor wins or loses money according to the margin by which the value of a particular outcome varies from the spread of expected values quoted by the bookmaker. ‘One of the attractions of spread betting is the ability to ‘go short’ - betting on a share going down.’. Most sporting events have a perceived favorite, so applying a spread to the game is the bookmakers’ way of creating an even playing field. This is most often seen when betting on the NFL.
Also found in: Wikipedia.spread betting
n (Gambling, except Cards) a form of gambling in which stakes are placed not on the results of contests but on the number of points scored, etc. Winnings and losses are calculated according to the accuracy or inaccuracy of the prediction
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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