Southend v Chelsea on the spreads

[effy67]

Sporting Index have marked up Chelsea supremacy as 2.3-2.5 i.e. you can buy Chelsea supremacy at 2.5 or sell at 2.3.

e.g. if you buy Chelsea supremacy at £200 a goal and Chelsea win 4-0 you win £300 if it is a 0-0 draw you lose £500.

So would you be a buyer or a seller?

Much as I dream of a win the upside seems to have more potential than the downside.

What say you?

 

[Uncle Leo]

I was chatting to our (Ladbrokes) Head of Sports and Football Trading about the game earlier this week. He is a big Chelsea fan but also a very wise head when it comes to betting (well you'd hope so!).

He reckoned that nearer to kick off 2.7 or 2.8 will become available and if it is, his advice was sell, sell, sell.

 

[effy67]

He obviously has n't seen much of us recently then. Seriously though just think the upside has more potential than the downside but doubt if I'll touch the game.

 

[Uncle Leo]

He obviously has n't seen much of us recently then. Seriously though just think the upside has more potential than the downside but doubt if I'll touch the game.

I said pretty much that. The conversation went roughly like this:

Me - But we're rubbish
Patrick - So are we
Me - But come on. You're Premier League at least. We're proper rubbish
Patrick - We struggled against West Brom. We're rubbish

And so on...

 

[RobM]

Sporting Index have marked up Chelsea supremacy as 2.3-2.5 i.e. you can buy Chelsea supremacy at 2.5 or sell at 2.3.

e.g. if you buy Chelsea supremacy at £200 a goal and Chelsea win 4-0 you win £300 if it is a 0-0 draw you lose £500.

So would you be a buyer or a seller?

Much as I dream of a win the upside seems to have more potential than the downside.

What say you?

I say - I haven't a clue what that means!

 

[effy67]

even after my attemp at an eloquent explanation!!

 

[RobM]

sell what? 2.5 goals? puzzled.

 

[BrettieAngell]

even after my attemp at an eloquent explanation!!

I just read it again and it still doesn't make any sense!

 

[effy67]

To be honest I sometimes wish I did n't know myself. I'll try again you sell at the lower number and buy at the higher, now obviously there can't be 2.3 or 2.5 goals scored but if you think there will be 3 goals or more you buy if you think 2 or less you sell.

Now if we decide to ''invest'' £100 a goal then theoretically 0.1 of a goal = £10 so 0.3 = £30 and 0.5 =£50.

We have decided that unfortunately Chelsea will win by 3 goals so we buy Chelsea supremacy at the higher total of 2.5 for £100 a goal. Now let's just suppose we are clever dicks and are right that Chelsea do indeed win by 3 goals then our friendly spread maker will calculate the 3 goals supremacy as:-

£100 (that we bet) x 3 (number of goals Chelski won by) = £300

Take away the 2.5 goal spread or £100 x 2.5 i.e 250

Therefore £300 - £250 = £50

This £50 is our profit so we can go and get bladdered and wipe out the disappointment of losing.

One final point we buy at the higher price and sell at the lower price as this gives the spread maker his margin when it comes to setting the spread.

Now Rob this should now be as clear as mud!!

 

[RobM]

OK I understand the "buy" part but "sell"? Sell what? I haven't "bought" anything yet!

 

[Uncle Leo]

OK I understand the "buy" part but "sell"? Sell what? I haven't "bought" anything yet!

In spread betting, 'selling' and 'buying' basically mean 'going low' or 'going high' respectively.