How to enjoy the footy and make some money

Ever wondered how you could profit from your love of the beautiful game? Well, sports betting works a lot like spread betting. Tim Bennett explains how you could score.

Football season has kicked off again in Europe. And that means lots of opportunities for spread betters.

The principles behind most sports bets are the same as financial spread bets in many respects. When you contact a broker (well-known names in this field are sportingindex.com and spreadex.com) you will be quoted a bid to offer spread (a price at which they are willing to let you buy or sell) and you will need to decide the size of the bet you are prepared to make.

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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.