Sporting Index Review – Spread Betting

Another old hand, Sporting Index were the first company to offer spread betting to sporting pundits. You can bet with confidence here knowing that you are one of thousands of regularly returning customers.

They are the biggest sports spread betting company in the world, and are Financial Services Authority regulated. They’ve built up a good team over the years which means that the telephones are continually manned, however, their email responses could be a bit more prompt.

Unlike many other forms of trading, you are betting against Sporting Index who are basically bookies. This means that they are constantly shifting the odds in the same way traditional bookies do. This does happen a lot on various market platforms, however its good to know this info especially if you decide to move or up your position during a match. If the match is going the way you want it to, the bookies will be watching the match too, and will be adjusting their odds accordingly to minimize their losses.

Most sports and leagues, World, Euro and UK are in evidence, including the horses and greyhounds. Its an expansive site with many options including bets from 1 pence, and a ‘play for fun’ feature, just the ticket to get newbies learning. Being an online platform, there is no software to download, so you can bet using your Mac without any compatibility issues. Their betting interface (below) is ‘to the point’ – select your sport, select your league, select your game, lay your bet. Once you have selected your ‘game’ then if you are not sure of how the bet works, an explanation is generally provided on the more obscure bets, and for standards such as horses, there is a ‘How to Spread Bet Demo’.

The sample page below shows how a Big Brother bet works, and shows the spread for each punt, but like financial spread-betting it is up to you to figure out what your potential profit and loss could be, and therefore what your risk level for the stake would be. (Big Brother it should be noted, is not a sport, and although it may be full of nags, it’s inclusion on the entertainment tab in the sports section is incorrect – someone should tell them!)

Their Training Academy Videos are quite informative, although they could be a bit more hands on with practical visual explanations instead of what is a bit of a ‘talking head cartoon show’. They also have virtual spread betting games which is an easy introduction to sports spread betting, allowing you to put virtual bets on, although a proper demo account would have been better, but then again if you are serious about learning to spread bet on sports, it would be wise to start with low stakes anyway.

Two types of account are available – Stop Loss, and for the more adventurous a No Stop Loss Account. If you are new to the game of spread-betting, its advisable to play a Stop Loss account, and Sporting Index are probably the best place to start, especially considering you can place a bet for as little as five pence. With the additional ability to ‘Bet on the move’ with their mobile software technology, credit opportunity, and their welcome bonuses, its no surprise that Sporting Index are the ‘Google’ of Sporting Spread Betting brokers.

Sportingindex Sporting Spread-Betting Platform

Sportingindex Sporting Spread-Betting Platform

Sign Up at Sporting Index here

The Facts

How To Open An Account

Minimum Deposit

  • Potential margin loss needs to be covered.

Minimum Bet

  • 5 pence

Promotions

Deposit / Withdrawal

  • Debit cards, UK registered credit card, cheque, Moneybookers, NETELLER, bank transfer
  • There is a 1.5% charge for payments by credit card.

Trading Platform Logon

Betting Tutorials

  • Flash Videos

Support

  • Email, telephone

Operating System Requirements

  • None, web-based

Demo Account

  • No, but there is an interactive virtual bet placer

Sign Up at Sportingindex here