1. What is Sports Spread Betting?
We make predictions on various aspects of sporting or topical events. You then decide whether that prediction has been pitched too high or too low.
You will notice that our predictions are presented in the form of two prices. This range is known as the 'spread' and you bet low (also known as a 'Sell') at the first named price and if you wish to bet high (also known as a 'Buy') you would do so at the second price.
For example, if someone asked you to guess their age, you might say 'somewhere between 35 and 38 years old'. In the same way, when we make a prediction, we allow a range. If you were betting on this prediction you would bet low at 35 years or bet high at 38 years.
2. What are the benefits of spread betting?
Spread betting brings more excitement to live sport than any other form of sports betting:
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Your involvement lasts all the way through to the last minute.
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The more you're right, the more you win and vice versa.
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You can back a team or individual to perform well or badly.
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You can oppose favourites without nominating who will beat them.
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Bets can be closed or new ones opened at any time during live events.
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You can create your own bets using our
'multiples' feature.
3. How can I learn how to spread bet?
Apart from reading the betting explanations within this website, you can learn about spread betting without risking any money by:
- Clicking here to view our spread betting training ground - 'How to Spread Bet'.
- Clicking here to open up a 'Play for Fun' Sporting Index account. This will enable you to bet with tokens to develop your spread betting knowledge and skills.
- Clicking here to try our great spread betting games for fun.
4. How can I win or lose money?
What you win or lose depends on the stake size you choose and how right or wrong you are. Sporting Index might predict that the 1st goal in a match between Chelsea and Manchester United will be scored in the 36th minute and consequently set a spread of 35 - 37 minutes.
One client who believes there is bound to be an early goal goes LOW at 35 minutes while another who thinks that both defences will be at their best goes HIGH at 37 minutes. If the 1st goal is scored in the 25th minute, the client who went LOW at 35 minutes wins 10 times his stake (35 minutes take away 25 minutes = 10) while the client who went HIGH at 37 minutes loses 12 times his stake.
5. Isn't spread betting risky?
Spread betting can be very rewarding and produce large returns on small stakes. Basically the more you're right, the more you win. However, the opposite may also be true. The more you're wrong, the more you potentially lose. The profit or loss is determined by the difference between the final result and the level at which the bet was originally made, multiplied by the stake that you nominated. In some volatile markets, such as cricket runs, your profit or loss can escalate very rapidly.
For this reason, careful control is vital and we recommend four basic guidelines:
- Always work out what the realistic worst case scenario of the bet could be and relate it to the amount that you are prepared to stake. Also remember to check whether there is a maximum result that the bet can make-up.
- Where possible, keep a careful eye on the event on which you have placed the bet, and be prepared to cut a loss if the bet is going against you.
- Recognise that some sports betting markets are more volatile than others (i.e. the final result could be a long way off from the original quote).
- Always remember that you may lose more than your original stake.
With our Stop Loss account you can benefit from a cap on the amount that can be lost. It is important that you familiarise yourself with the stop loss rules; they can limit your winnings, limit the size of the bet if it was to expose you to excessive risk, or in some instances cause a bet to be refused.
6. Can I bet once an event has started?
On of the exciting elements that spread betting offers is the fact that you don't have to wait until the end of an event to take a profit, cut a loss or place further bets on fluctuating prices or new markets. Betting in-running during a live game is a test of your skill and judgement, as we are constantly updating our predictions as the event unfolds.
7. Is there any incentive for opening an account with Sporting Index?
Yes. Sporting Index offer all new clients a free bet on a choice of sports. For more details and the full terms and conditions of this offer, please click here.
8. Is there any incentive for introducing a friend to Sporting Index?
Yes. Any client who introduces a friend to Sporting Index will be eligible to a promotional bet on a choice of sports. For more details and the full terms and conditions of this offer, please click here.
9. What are the different ways of depositing funds with Sporting Index?
Clients can deposit funds into their account in a number of ways. The main methods of payment are cheque, debit card (Maestro, Visa & Solo) credit card (Visa & Mastercard) and with a secure online funds transfer (NETELLER & moneybookers). Clients should be aware that there is a 1.5% charge for payments by credit card and a £25 charge for a CHAPS bank transfer.
10. How do I receive my winnings?
Sporting Index will settle credit accounts weekly (or fortnightly in the case of Stop Loss accounts) and payment will be made by either cheque and/or debit card. Deposit account holders can request for money to be paid by either method.
If the account is debit card managed it is important to note the following:
- In the case of a credit account, the sum debited or credited will be sufficient to return the account balance to zero.
- In the case of a deposit account, the sum debited or credited will be sufficient to return the credit balance of the account to its initial paid-up deposit (or any subsequent level mutually agreed and confirmed by Sporting Index in writing).
It is very important that all clients who have elected to manage their accounts by Maestro/Visa/Solo to advise Sporting Index promptly of any change in detail of their Maestro/Visa/Solo card.
11. Will I get confirmation of my bets?
Yes, when a bet is placed a bet confirmation box will appear showing the bet reference number. Online bets should not be considered to have been placed unless a bet reference number is received. If in doubt, customers should review their open bets listed on their account in the Account History section.
12. What if I discover a discrepancy in my Account History?
While we make every effort to ensure that all trades are booked correctly, there may be occasions when you wish to query an entry on your statement. If you believe a trade has been recorded incorrectly on your account, or you have any questions relating to your statement, you can call our Customer Services Team on freephone 08000 96 96 07 (UK customers only). Irish customers should call 1800 55 66 76 and customers calling from any other country should telephone +44 20 7840 4050.
Please note a query should be made within 14 days of any notification of the details of a trade and no query with regard to purported missing trades will be entertained unless the client can provide reasonably accurate details of the time and date of the trade in question.
13. Is Sporting Index open for business 24 hours a day?
Clients can place bets on their accounts 24 hours a day via the telephone, the website and Bet on the Move.
14. What is your complaints procedure?
All queries regarding accounts should either be made in writing or communicated to:
Sporting Index
Gateway House
Milverton Street
London SE11 4AP
Freephone: 08000 96 96 07
Email: enquiries@sportingindex.com
Any query should be made within 14 days of receipt of bet settlement. No query with regard to purported missing bets will be entertained unless the client can provide reasonably accurate details of the time and date of the purported bet.
Complaints that cannot be settled may be referred to:
The Financial Ombudsman Service
South Quay Plaza
183 Marsh Wall
London
E14 9SR
Tel: 0845 080 1800
15. How can I stop Sporting Index emails going into my spam folder?
To prevent you receiving unwanted spam email, some Internet Service Providers (ISPs) block messages from senders whose email addresses are not in the recipient's Address Book or on their Safe Senders list.
To ensure your Sporting Index messages reach you in the future please add promotions@sportingindex.com to your Address Book or Safe Senders List. We have provided instructions on how to do this for the most commonly used ISPs:
Hotmail / MSN mail
1. Sign in and click 'Mail' on the left side of the page
2. Click on 'Options' in the top right of your screen
3. Click on 'Safe and blocked senders' under 'Junk e-mail'
4. Click on 'Safe senders'
5. Type in the 'sender or domain to mark as safe' box, and then click 'Add to list'.
Gmail
To add an email address to your contact list:
1. From your Gmail inbox, open the Sporting Index email you have received
2. Click on the blue down arrow next to the Reply button at the top of the email
3. Select 'Add Promotions to Contact list'
Yahoo mail
To instruct Yahoo to filter it to your Inbox:
1. Open your Yahoo mailbox
2. Click Options (top right)
3. Click Filters
4. Next, click Add Filter
5. In the top row, labelled From header:, make sure 'contains' is selected in the pull-down menu
6. Click in the text box next to that pull-down menu, and then enter the address promotions@sportingindex.com
7. At the bottom, where it says 'Move the message to', select Inbox from the pull-down menu
8. Click the Add Filter button again
AOL mail
To add our email address to your Address Book or Custom Sender List:
*AOL 9.0:
1. Click the 'Spam Controls' link (lower right area of your inbox)
2. When the 'Mail & Spam Controls' box appears, click 'Custom sender list'
3. Choose 'allow email from' option
4. Add the domain sportingindex.com
5. Click 'Add', then 'Save'
*AOL 7 & 8:
1. Go to Keyword Mail Controls
2. Select the screen name you are using to receive email
3. Click 'Customize Mail Controls For This Screen Name'
4a. For AOL version 7.0: In the section for 'exclusion and inclusion parameters', include the following domain: * @sportingindex.com
4b. For AOL version 8.0: Select 'Allow email from all AOL members, email addresses and domains'
5. Click on 'Next' until the 'Save' button shows up at the bottom
6. Click 'Save'
Outlook 2003
To make sure you can see emails as they were intended to be seen (including images), add our email address to your address book and safe senders list.
To add our email address to your address book:
1. Right click on the email subject line
2. Click on 'Junk E-mail'
3. Choose 'Add Sender To Safe Senders List'