Spread Betting Markets Guide

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Total Corners

Market Overview

Betting on corner kicks in a game is hugely popular among many spread betting enthusiasts. Let us explain why...

Corners markets maintain an interest throughout the game regardless of the score and are considered by some a fairer reflection of the quality of the game. Therefore a wager on Corners is often viewed as safer bet, than total goals and supremacy markets. This is because when betting on goals and supremacies a ‘fair’ result can be swayed by missed chances, controversial refereeing decisions and defensive errors.

As a general rule lots of corners may occur in more entertaining games with plenty of open play and attacking out wide. Fiercely contested games or games when one team applies great pressure may also be more likely to have lots of corners. Tighter games and those with less adventurous sides may be expected to have less play that could lead to corner kicks.

Total Corners

As an example in a Champions League group game between Celtic and Barcelona the Total Corners is priced at 9.8 to 10.3 corners in the match (see image 1). The option is given to sell if you think there will be a low number of corners, and to buy if you think there will be a high number of corners.

Total Corners at an Opening Price of 9.8-10.3 – Celtic Vs Barcelona

As with the total goals market the total corners market will move every time there is a corner kick taken. So for each corner you would lose money if you sold and win money if you bought, this would be from the lowest possible scenario. As with total goals a break even point, at which, if passed would mean sellers would move into an overall loss, and buyers would move into an overall profit. The middle of the opening price (in this case around 10 corners) is the breakeven point.

Buying

If you thought this match might have a high number of corners you would buy for let’s suppose £5 per corner at 10.3 (as shown in image 2). To show a possible win and loss if there were as many as 14 corners you would win £18.50 (£5 x 3.7) whereas if there were as few as 8 corners you would lose £11.50 (£5 x 2.3).

Buy Total Corners at 10.3 – Celtic Vs Barcelona

Selling

If you thought this game might have a low number of corners you would sell for let’s suppose £5 per corner (as shown in image 3). Again to show a possible win and loss if there were as few as 5 corners you would win £24 (£5 x 4.8) whereas if there were as many as 12 corners you would lose £11 (£5 x 2.2).

Sell Total Corners at 9.8 – Celtic Vs Barcelona

Image 4 shows all of the payouts in the Total Corners market for Celtic Vs Barcelona when buying or selling at £5.

The Range of Payouts when Buying and Selling Total Corners – Celtic Vs Barcelona

Stop Loss

In the total corners market the stop loss will apply 10 corners either side of the opening price. So for example if this price was 11.5-12 corners then range would be between 2 corners (to protect buyers at 12) and 21.5 corners (to protect sellers at 11.5).

Image 5 shows the stop loss capping the maximum win, and the total risk, if buying total corners in an Arsenal Vs Tottenham Premier League match. With a £5 stake this means both the win and risk are at £50 which would happen 10 corners away from the opening price of 11.5-12 corners.

Total Corners - Maximum Win and Maximum Loss when Buying Total Corners - Arsenal Vs Tottenham

Multi Corners

A multi-corners spread bet is a variation on simply spread betting on the total corners and the market is based on multiplying the number of corners in the first half of the match with the number of corners in the second half. In a Europa League match between Tottenham and Maribor the multi-corners spread is priced at 25 - 28 (as shown image 6).

Multi-Corners at an Opening Price of 25-28 – Tottenham Vs Maribor

Buying

If you took the view that there were going to be lots of corners across both halves you would buy at 28 for let’s suppose £3 a point (as shown in Image 7).

Buy Multi-Corners at 28 – Tottenham Vs Maribor

Selling

If you took the opposing view that there would be less corners, or a weak half for corners, you would sell at 25 for let’s suppose £3 a point (as shown in image 8).

Sell Multi-Corners at 25 – Tottenham Vs Maribor

The risk with multi corners bet is that if one half has very few corners it forces down the settlement price even if the other half has lots of corners. The total corners market described above would give a fairer payout as corners count the same regardless of which half they are awarded in. The multi-corners market appeals as the range is wider meaning large profits are possible. This means there could be a total number of corners in the game well above the settlement price for total corners yet this could be well below the settlement price for multi-corners.

At one extreme if there are no corners in either the first or second half the settlement price would be zero (whatever happens in the other half it would still be multiplied by zero). In this case if you were to have bought at 28 for a £3 stake you would lose £84 (28 x £3 stake). However if you bought at 28 for £3 a point and the game turned out to have a lot of corners, for example 8 in the first half and 8 in the second half, the result would be a £108 profit. This is because the settlement price of 64 is 36 ahead of the opening price of 28 (36 x £3 = £108).

Image 9 shows the total profit and loss for the multi corners market described.

The Range of Payouts when Buying and Selling Multi-Corners – Tottenham Vs Maribor

Stop Loss

For multi corners a stop loss of 75 points will apply either side of the opening price. So in the example above if when selling at 25 any point reached over 100 would be discounted. The multi-corners market will very rarely have an opening price of 75, which means when buying the stop loss will not apply.

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Francois is one of Howtobet4free’s co-founders and has written many of Howtobet4free’s popular Betting Guides. Francois also helps run the @howtobet4free_ Twitter account

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