Author: Graham Tower
Published: 12:15 26/07/2014
Spread betting has totally changed the way the punters watch sport and thanks to Sporting Index new account offer, it is possible to experience the thrill of spread betting with absolutely no risk.
The first visit to a spread betting site can be quite daunting with high risk warnings and terminology like buy and sell more akin the stock exchange than the sports bar. But spread betting is really quite simple, it’s just a game of Hi-Lo which you can play on your favourite sport.
The risk comes in knowing the more you are right about your hi-lo prediction, the more you will lose while on the other hand the big thrills come when you get it right and the more you are right the more you win. Take a sensible approach to avoid the risk of losing more than you can afford and enjoy an exciting betting experience that lasts right up until the action stops.
Sporting Index has a fantastic offer for new customers. Join up, contact customer services and you’ll receive a £100 trading credit. You can play with your free £100 for seven days and keep the profits you make.
There are no hidden catches but before you jump on this brilliant offer be aware you’ll be liable for any losses which exceed your £100 trading credit.
So, how do you invest your free £100 and ensure you don’t run up a loss? Let’s start by explaining the basics of spread betting. Choose your market and you will be offered the option to Buy or Sell. If you think the outcome will be lower than the Sell option, choose to sell. If you think the outcome will be higher than the Buy option, choose to buy. Enter a stake and for every unit you are right you will win one times your stake and for every unit you are wrong you’ll lose one times your stake.
Take the example of Total Corners in a football match, you may be offered to sell at 8 or buy at 10. If you think there’ll be more than 10 corners in the game you will buy - let’s say at £5. You will win £5 for every corner over 10 and risk losing £5 for every corner below 10. If there are 14 corners in the game, you win (14-10) 4 x £5 = £20. If there are only 7 corners in the game, you lose (10-7) 3 x £5 = £15.
You can see how spread betting keeps you in the action to the very end and you can make sure you don’t risk more than you can afford by working out your maximum exposure (the most you could lose) before committing to your bet. In the example above, the worst case scenario would be no goals which would cost (10-0) 10 x 5 = £50.
This type of market is considered to have low volatility and you can easily avoid unwanted losses by sticking to low risk markets. Just be careful to understand how each spread is calculated, for instance Total Goals will have a typical spread of 2.6 – 2.8, so to make it a worthwhile betting proposition the market is traded in tenths of a goal. Don’t go lumping on the Buy thinking your total risk is 2.8 times your stake, it will actually be 28 times the stake.
Spread betting websites will allow you to learn the ropes with a demo account, which is highly recommended for newcomers but you rarely find an offer that gives you the chance to win real cash with minimal to low risk, it’s up to you. It’s not certain how long Sporting Index will continue with this offer, so you should register now if want to receive £100 free to try sports spread betting.