The Spread Bet Option integrates with all the existing functionality of the TurfSport Betting Engine.
This functionality includes:
- Defining the price as a Hi or Lo (buy or sell) score for a given outcome.
- Real-time profitability per market as the price changes.
- Stop Loss or Minimum and Maximum makeup per market.
- The ability for a punter to close out a bet. If the original bet is high then you close at the low quote. If the original bet is low then you close at the high quote.
- Markets may be suspended until play resumes.
- Tax reports are generated and uploaded via an FTP site to the regulators.
For each spread market you are able to manage the following in real time:
- Lo price
- Hi price
- Average bet - Average position of the price when the bet was taken
- Open Stake - Exposed stake (after the lockin amount)
- Positive is high exposure
- Negative is lo exposure
- Liability - Amount to be won or lost on the Open stake if the final result is the midpoint of the spread.
- Lockin stake - the stake per unit common to both Lo and Hi spreads.
- Lockin amount - the profit/Loss as a result of the lockin stake
- Total of closed bets
- Profit/Loss