There are only two sports spread betting bookies in the UK, Spreadex and Sporting Index. So why should you choose one over the other.
Sporting Index New Client Welcome Offer
First thing's first, with Sporting Index they give you £50 to get started. This isn't like any of the other silly bonus offers that casinos or bingo sites give you. Where you have to bet 30 times your stake to claim it.
It's a straight up £50 in your account so you can learn the ropes. Obviously you can't withdraw it but any profits are yours to keep. You have 7 days to use it after opening your account and if you lose more than £50 you are liable for those losses which can exceed your deposits.
So why do Sporting Index do this?
Well, sports spread betting isn't for everyone. It's very high risk, you can lose more than your stake and end up owing your bookie money. That's why they are regulated by the FCA (see their regulator status here) as well as the UK Gambling commission.
The FCA are responsible or regulating the financial spread betting firms, where people bet on markets rather than sport and the concept has transitioned quite nicely into sports.
Basically with sports spread betting you are trading the outcome of an event rather than betting outright. This means you can buy and sell in play almost as though you were trading the markets.
Sports spread betting also means that your winning or losses are determined by how right or wrong you are.
I won't go into the ins and outs of exactly how sports spread betting works, but if you need a little help either check out all the great educational material on Sporting Index's website or watch their guide to sports spread betting below.
But are Sporting Index better than Spreadex?
Well that's really a matter of personal preference. Spreadex do offer financial trading, a casino, fixed odds betting, virtual sports and a few other bits and bobs.
Sporting Index more focus on sports spread betting, but do have a casino and virtual betting. So if you're a purist and like your bookies to do one thing and do it really well then Sporting Index is for you.
If on the other hand you like a bit of variety and to use one bookie for everything then Spreadex is for you.
But to be honest, if you know how to spread bet on sports you'll probably have an account with both Spreadex and Sporting Index.VISIT SPORTING INDEX
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