How to tell a spot bet from a spread bet

In the Pakistan cricket corruption row, the phrase 'spot betting' crops up a lot. So what is it and how is it different to spread betting? Tim Bennett explains.

Recent sports headlines have been dominated by allegations made against members of the Pakistan cricket team. One phrase spot betting crops up a lot. So what is it and how is it different to "spread betting"?

Most novices think about betting on the outcome of an entire event. The final scoreor the total number of runs scored in a match by a particular batsman, perhaps. However, modern technology allows punters to bet on the minutest details as the game progresses. That might include, but is not limited to, whether a particular ball bowled will be a no ball or not, and the number of no-balls that will be bowled in an over or a game. I may also include how many runs a particular player or partnership will score in a single innings.

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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.