Spread bet

Main Entry:  spread bet
Part of Speech:  n
Definition:  a bet placed in a system where the bookmaker predicts a range of likely outcomes for an event or on aspects of an event with more winnings for the more accurate bet and more lost for a less accurate bet
Example:  A spread bet is made against a 'spread' (or index), on whether the outcome will be above or below the spread.
Usage:  spread betting n
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