A game of Rugby Union between Australia and England. The total points market is 44 – 47. This means that if you like the game will be a high scoring game and both teams will score over 47, you buy at 47. If the final total for the game was 57 points, then it would be correct, and you win ten times your bet. In this example, your participation is $ 10 per item, and $ 10 x 10 equals a profit of $ 100.
However, if the game just 37 total points, which would be a mistake in the order of ten points, losing $ 100 (the difference between purchase price and the current score 47). The difference between the buy and sell prices is how the bookmaker makes his money. Let’s see a cricket match between Australia and England. Australia is batting first, and the quote reads 220-230 for careers in Australia. If you believe that Australia will make more than 230 races, buy.
If you believe that Australia will make less than 220 runs, you sell. Australia will make 290 runs after a brilliant stroke by Matthew Hayden. If you had purchased racing Australia, it would be correct in 60 runs (290-230). You could collect 60 times the bet. However, if Australia is trouble scoring runs, and makes just 170, they are wrong by 60 runs (230-170), thus losing 60 times your stake or $ 600 if you are using $ 10 as a unit.