What is micro spread betting and how does it work?
As we said above, micro spread betting is a concept that marries together two different and very unique styles of betting. In order to fully explain the concept, we first need to break it down and look at the two key concepts as a whole.
Below, you can find an explanation of micro sport odds betting and spread betting. Following that, we will look at how the two concepts have been combined by online micro spread betting brokers. Of course, some concrete examples for everything will be provided for you along the way for an easier understanding.
Micro betting explained
First things first - what is micro betting? The shortest way to answer this is to describe it as the fusion of in-play and props betting. Micro wagers involve betting on outcomes that will be realized during a shorter period of a game. This means that, like props bets, the final result of the game doesn’t influence your bet.
Micro bets are always placed while the game is happening live. However, the key difference between micro betting and in-play betting, is that micro wagers will also be settled before the game ends. Let’s take a look at some examples below.
Micro betting examples:
During a timeout in an NBA game, a sportsbook might offer you markets on the next team or player to score a basket. Other markets could include what type of basket will be scored - a two or three-pointer.
In the NFL, you can bet on what will happen during the next drive or even the next play. Things such as pass completions, the QB getting sacked or a TD pass being thrown are the types of things that you can back here.
If you want to go for even shorter-term outcomes, you can bet on a field goal, free throw or penalty being scored or missed just before it is taken. Other popular markets include races, where you can get on the first team to score the next X number of points or goals.
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Spread betting explained
Now that we’ve dealt with the “micro” part, let’s take a look at the “spread” part of the term “online micro spread betting brokers”. Spread betting was originally a practice that was reserved solely for financial investment or online broker platforms. Now, similar markets are being offered by specialist spread betting sportsbooks.
With this type of betting, the broker will offer you a spread range. You can then either choose to “buy”, which means you think that the result will be higher than the spread. Or you can “sell”, which means that you are betting on the result being lower than the spread.
Unlike regular fixed odds betting, where you bet on a price and you either win the profit or lose your stake, spread betting works on a riskier model. Your payout, if you back the correct outcome, depends on how many points over the spread the final result is.
On the other hand, if you back the wrong outcome, and the points are significantly lower, then you can stand to lose more than your original stake. Again, let’s take a look at some examples below.
Spread betting examples:
Let’s say in an NFL game you are offered a spread of 3.8-4 total goals scored by both teams combined. If you “buy”, you are betting that there will be more than four goals in the game. If you “sell”, you are betting that there will be three or less.
If you selected the “buy” option with a $10 stake, and there were seven goals scored in the game, your returns would be $30 - $10 for each goal. However, if there were just two goals come the end of the game, you would lose $20, and not just your $10 stake. For the “sell” option it works the same, just the other way around.
So, how do micro spread betting brokers work?
Now that we have looked at the two separate concepts in detail, we can finally check out how they combine. Basically, how it works is pretty simple - you take spread bets and apply them to shorter sections of the game, just like what happens with micro betting.
For instance, rather than having a points total spread for the whole game, you could have it for one section. For instance, during half time in a basketball game, you might be offered a spread on how many points a team or player will put up in the next quarter. In football, you could be offered points spread on the next drive.
Finding the best micro betting brokers
The concept of online micro spread betting brokers is a relatively new one, and so they are not that widely available in the US. However, there are plenty of sportsbooks that offer micro betting markets. In fact, if you already have an online sportsbook account, you might already have access to micro bets.
DraftKings is a great micro betting app, thanks to its innovative “Flash Props” markets. When using FanDuel or BetMGM, you simply have to look for the “live props” or “points race” markets. Dedicated brokers are on the very near horizon but, for now, you can check out the best sportsbooks for micro betting right here at CaptainGambling.
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Online micro spread betting broker - The verdict
Micro spread betting is a very exciting and intriguing concept, but it isn’t one for the beginner bettor. While it has the potential to give you larger payouts, you can lose more than your stake, which is very risky. Make sure to do your research and start slowly if you want to give it a try. More importantly, only use licensed and reputable providers as recommended by our experts at CaptainGambling.
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Online micro spread betting brokers FAQ
🇺🇸 Is micro spread betting legal in the US?
The situation in the US regarding sports betting online, in general, can be quite complicated, as it is done on a state-by-state basis. For a breakdown of what is and isn’t legal in each state, we recommend visiting CaptainGambling.com. Here, you can find accurate information that is updated regularly.
❓ Are there any brokers that offer micro spread betting?
If any sites offer this service, you will be able to find them here on our website. Failing that, we will always be able to point you towards the closest legal alternative in your state.
🏈 How does micro spread betting work?
At first, it might appear to be quite a complex concept. However, it is essentially just the marriage of two distinct betting styles. You can find a full explanation in this article here at Captaingambling.com.
