Introduction to Spread Betting
Sporting Index is a well established UK based spread betting company founded in 1992. Starting off with just five members of staff and a nominal amount of clients, Sporting Index has grown into the market leader for UK spread betting claiming an estimated 70% plus of the market share. They have a rating of Great on Trust Pilot and were voted as number one trusted gambling provider for Sports Spread and Fixed Odds Betting. As market leaders they are also market innovators, offering the first online sports spread betting website of it's kind back in 2001. Moving forward to present day and Sporting Index have an estimated 300 plus employees and office headquarters in London, with additional offices in Wigan. They offer sports, political, showbiz spread betting markets but have also branched out to offer online gaming in the form of their casino, live casino and games platforms. Spread betting is different to ordinary betting techniques, read on to find out more or existing Profit Accumulator members can find a full video guide on the Sporting Index new account offer and an overview of spread betting here.
What is Spread Betting?
Spread betting gives customers the opportunity to bet for or against a prediction, by going higher or lower. For example, Sporting Index might list a prediction that the Total Goals in the Germany v Brazil World Cup game would be 2.7-2.9. If you thought that there would be more goals than that, you would "Buy", which means to go high. If you thought there would be fewer goals than that, you would "Sell", which means to go low.
So, for the sake of this example, let's say that you decided to "Buy" Total Goals with a £10 stake on this game at 2.9, the available price to buy on Sporting Index. As it turned out, there were 8 goals scored in that match.
In order to work out how much you won, we take your starting price away from the final result:
8 - 2.9 = 5.1
Since your stake was £10, you would win £51 as 5.1 x 10 = 51.
On the other hand, if you had "Sold" Total Goals at 2.7, you would have made a loss.
You take your starting price away from the final result to calculate the loss:
8 - 2.7 = 5.3
Since your stake was £10, you would lose £53 as 5.3 x 10 = 53.
That's just a quick example of how a spread bet works.
Sporting Index Signup Offer
Sporting Index have a new account promotion offering new customers £100 (non-withdrawable) to bet with. Please heed the warning on the Sporting Index website stating that "Sports spread betting can result in losses that exceed your initial deposit or credit limit". Please heed this warning and approach spread betting with caution.
To access the Sporting Index £100 offer:
- Select the link here which will take you directly through to the Sporting Index new account promotional page
- Fill in your personal details and create your account
- You do not need to deposit any money at this stage
- Once your account has been created the £100 bonus will be credited to your account by 17:00 the following day
- After setting up your account you may receive a phone call from Sporting Index which is used to verify your account and to verify that you are who you say you are.
- Once your account is set up and your bonus is credited bet on selections of your choice
- You must use your promotional bonus with 7 days of crediting or your bonus will expire.
As mentioned earlier, spread betting is very different from normal, everyday betting. The £100 you are credited by Sporting Index will cover any potential losses up to that value that you could make. Any losses over and above this £100 will become your liability it is therefore very important to realise that you are aware of the possibility that in certain scenarios that you could lose a value greater than the promotional bonus credited.
Alternative Ways To Profit
Sure, you may get lucky with your free £100 from Sporting Index but you may also not make a penny from it. Spread betting is also a very tricky betting technique to try and understand on your own. Profit Accumulator and matched betting provides you with full instructions and ways that you can lock in profit from this signup offer. Read on to find out more about matched betting and also how you can join us.
What is Matched Betting?
Matched Betting is a way of taking advantage of the hundreds of free bet offers dished out by bookies. Although it has betting in the name there is no real gambling involved as, unlike normal betting, we cover all possible outcomes of an event. This means regardless of the result we can make profit and turn those free bets into real cash!
How To Start Matched Betting
Whilst you can matched bet by yourself the time it takes to find bets and offers is time-consuming and can be confusing. This is where Profit Accumulator comes in. We have step by step instructions and video tutorials to guide you through each of these offers so that you can maximise your profits. Still struggling? Then you can use our industry-leading forum to ask our team of matched betting experts for advice and we also have phone/email support 7 days of the week.
Keen to Get Involved?
The great news is you don’t need to be a sports fan or betting fanatic to sign up and use Profit Accumulator. Many of our members are not sports fans and had never placed a bet in their lives but that doesn’t stop them from making some tax-free cash.
For more info on what matched betting is, check out these articles: