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If you are looking to avoid the hassle of spreads than horse racing might be the most choice for you. Horse racing usually does not feature a spread or any equivalents. Instead, the horse who crosses the finish line first simply wins and individuals who bet on that horse will collect winnings. A straight bet like this is what’s called a “win” bet and requires the gambler to predict which horse will finish in first place.
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Call it the benefits of international wealth redistribution as a outcome of the slipping value of the greenback (a mouthful I know, but swallow that doughnut and follow along). In effect, Brazilians, Europeans and South Africans are subsidizing our domestic consumption. Nations that insist on ‘pegging’ their currencies to the dollar- China, India and korean casino, for instance- are bearing the brunt of U.S. financial coverage. We are exporting our inflation to them.