This market is all about spread betting on teams to do well or badly during Euro 2008. They don’t have to win or be the runner up for you to win your bet.
In this market points are awarded to the teams who end the event in the top positions.
For Euro 2008, Sporting Index award 100 points to the Winner, 75pts for the Runner-up, 50pts for Losing in the Semi-Final, 25pts to any team that loses in the Quarter Final and 0pts for not getting out of the Groups.
Therefore looking at today’s prices Portugal are 36 to 38pts*
This reflects the bookies opinion that they think Portugal are likely to lose in the Quarters or the Semis.
If you believed Portugal would do better than losing in the quarters, you might buy at 38 points for £5 per point.
If Portugal ended up being the Runner-up then Sporting Index would award them 75 points and you would have won 37 times your stake.
When Buying your profit / loss = (result – opening price) x your stake per point
= (75 points - 38 points) x your stake
= 37 points x £5 per point
= £185
Even if they lost in the semis and came forth you still would have made a profit. A squad losing in the Semis is awarded 50pts and if you bought at 38pts you would win 12 times your stake.
(50 - 38) x your stake
= 12 points x £5 per point
= £60
Of course Portugal could get knocked out in the quarters in which case you would lose.
= (25 points - 38 points) x your stake
= -13 points x £5 per point
= -£65
* Note prices / example taken from prices on 2 June 08, when the Portugal spread was 36 to 38pts.
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Euro 2008 Spread Betting update, 8 Jun 2008
It's going with the punters at the moment. After a handy display against the Turks on Saturday, Portugal have shot up 10 points. They have gone from a spread of 33-36 to 43-46.
The Czech Rep are also on the move up from 22-25 to 29-32.
Euro 2008 Spread Betting update, 23 May 2008
From Sporting Index 'Apparently Portuguese shirts are selling like hot cakes in the Manchester area. Wonder why? Portugal are also proving popular choices in our Euro 2008 Outright Index. Scolari's men are up two points to 33-36'
'Spread Betting on Euro 2008', Guide by D. Jones, last update: 1-Jul-08
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