Finishing Position Spread Betting Market
Another popular market is 'Finishing Position'. This time you're predicting whether a player will finish better or worse than the score suggested by the bookmaker. Here's an example:
In this example the maximum
'make up' is 60 as there are only 60 entrants to this tournament; on most
others you'll find that the maximum makeup is 70 which will include all
players who miss the cut. So, if you sell a player who misses the cut badly
and finished 150th, you'll only be liable for the maximum make up of 70.
Leaderboard Index Spread Betting Market
The Leaderboard Index is an alternative to placing a fixed-price bet on a player in the outright market, however the returns typically go down to 8th or 10th position and there isn't so much of a gap between 1st and 2nd place. Here's an example:
The price quoted for each player is the bookies prediction of their final points haul based on the scoring system above. If you think a player will do better than the quote then you should buy; if you think the player will do worse than the quote then you should sell. In the example above, the maximum makeup is 60. So, if McIlroy is your man then you'd buy at 12 - meaning any finish from 6th or upwards would give you a profit. A £10 buy on this market would reap a profit of £190 if Rory came third; however if he finished 9th or worse then you'd lose £120.
Player Index/Reduced Field Spread Betting Markets
There are often a selection of players placed together for betting purposes where they'll effectively play out their own mini-tournament from a spread betting perspective. There's often some real value in these markets if you look close enough. The example below is a 'Top Challenger' market which works in a similar fashion to the leaderboard index:
