TurfSport Products

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

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