Now here’s a site that provides you with fun whilst emptying your wallet. Spread betting in sport has existed for the past three decades and more. However, it is with the growth of the Internet and the inter-activity therein that has seen the upsurge in popularity with the general public. Along with the whole of the gambling industry. Spread betting though, and quite rightly, is regarded with considerable caution by many. The financial gains can be considerable; losses though, can easily reflect this. Bear in mind that spread betting derives from the money markets in the City of London, where billions are traded daily, not always profitably.
The Sporting Index site carries the appropriate warnings; ‘only bet with money you can afford to lose’! However, it is not this that strikes you most. The breadth of what you can bet on, not simply the result of any given contest, is far more revealing: Cricket; number of wides, innings runs, number of ducks (zero runs). Football; number of corners and multiples for each half, total of shirt numbers scoring. Rugby Union; time of first drop goal, first team to score 50 points. These are just examples that scratch the surface, the ‘opportunities’ go on and on. Essentially with spread betting you, the punter, has to decide whether to ‘buy’ or ‘sell’ the points spread offered. Within the site’s ‘How to Spread Bet’ tab you are extensively guided through the implications of ‘buying’ or ‘selling’ within the many markets offered. The uniqueness of the market is that both sides of the price come with winning and losing potential. You do though, have total control of the stake you place. Always think of the maximum multiples of the amount you are betting on the loss side of the equation. Beware if you are a novice.
Spread betting is not for the faint hearted and this is a professional gambling site. An account is required, your credit rating will be scrutinised before credit limits are issued.
Once an account holder, the site will interact with you. Innovative betting opportunities will be e-mailed, generally tied in with topical events across the globe.
Overall, I believe the site to be excellent for gamblers. For those who enter for the first time they will finally understand why when watching a sporting event in public you may have experienced the following; somebody punching the air when the tenth corner of the game is awarded (having bought corners @ 9). Or annoyances when the fifteenth wide of the game is given, despite the ball not going way down the leg side (having sold @14). Or, as with the forthcoming Dubai Classic golf event, when a player shoots an 89, the highest of the tournament, he receives a pat on the back from the gambler who pressed the ‘buy’ button on the ‘highest round score’ price; 82.5-83.
Bet with care, for as stated you’ve got to have enough money to lose. It can be a roller coaster ride. Give www.sportingindex.com a chance though. Browse the site, read the information, then try it out. Good luck.
© Peter Boxall 2006