In the world of Sports Spread Betting there are only two major players – Spreadex and Sporting Index – but which is best?
Here we compare the two big sports spread betting bookies. Don’t forget, if you have a view you can write a review of Spreadex (Read our Spreadex Sports Review…) or Sporting Index in the sports spread betting bookie review section or comment at the bottom of this article.
New account welcome bonuses
Both sports spread betting bookies offer pretty good welcome bonus offers for new accounts. However, they are both very different.
Sporting Index will simply credit your account with £50 so you can get to grips with the mechanics of spread betting on sports in a live environment. You can’t withdraw the £50, but any profits you make on the bets are yours to keep. Any losses over £50 you have to cover. It’s a good risk free way to start spread betting on horses, football or any other major sport. You can read more about this in the Sporting Index review.
Spreadex on the other hand make you work for your welcome bonus. After you open a new account and have placed a certain amount of bets you can choose to receive an XBOX, iPad or £200 worth of free bets.
If you an experienced financial spread betting punter, it’s probably worth going with Spreadex for the welcome bonus as they offer spread betting on financial markets too. You can trade both from the same account and it always helps to have a back up bookie and broker.
For sports spread betting beginners it would be more sensible to go for Sporting Index give you the free money to bet with. Obviously it can be used to hedge another bet, or just bet on an outsider with long odds. You can also test it on a few different markets like spread betting on cricket, tennis, darts etc. not just horse racing or football.
Of course you could always open an account with both Sporting Index and Spreadex. Use the £50 free with Sporting Index then hedge it with Spreadex to guarantee a profit. Then if you win with Spreadex use the winnings to qualify for the free bonus gift and bag yourself a XBOX, iPad or some more free bets.
Range of markets
Both sports spread betting bookies offer fairly similar markets and the range is similar to that of the traditional fixed odds bookies. You can read more about this in the Spreadex review.
What makes spread betting on sports better than fixed odds betting is there so much more you can bet on. From the minute of the first corner in a football match to shorting horses to lose a race.
Some of the best sports betting exchanges also allow punters to bet on losing outcomes and lay bets, but spread betting offers so much more flexibility on prices, and adjustments rather than just a binary outcome.
Most markets are also updated live an inplay so you can increase your bet or exit early if things are going with or against you.