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Do you bet with them, are they reliable ?
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Excellent operators
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Cheers BORODINO
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Second that - rock solid.
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Borodino 1st post in nearly 17 years, must really like them!
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Proper firm. They don't run away at the first sign of a punter who might know what he/she is doing.
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how does it work for horse racing like? the spread bet angle I mean.
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All is doubtless explained on the website. Just be careful. It can hurt. Start small.
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Amazing, never seen a spread betting thread on the forum. I'm very intrigued but wary. The Anorak has a chapter on it in his 2nd book.
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say you want to be on distances
they don't offer prices, they offer a spread so today for sandown was around 26-29 you sell @ 26 or you buy @ 29 say distances make up at 34 lengths today if you sold you lose 8 times your unit stake (34-26=8) if you bought you win 5 times your unit stake (34-29=5) hence the advice of play small |
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Basically you can bet in three ways on horse racing.
Race indices, where horses are assigned points depending where they finish. E.g. 50 for first, 25 for second or 10 for third. if a horse is 16 - 19, you'd buy at 19 if you thought it would finish 1st or 2nd. Sell at 16 if you thought 3rd or last. The 3 difference is the 'spread'. Match bets, where you bet on the number of lengths between two named horses. Again the spread works the same - maximum make-up of 15 for NH and 12 for flat. Meeting Indices, work in a similar way but updated throughout the meeting offering an opportunity to close out between races. The markets are limitless in theory, but popular ones being non-index based, such as winner SP or double numbers or index based such as heavyweights or jockey performance (25, 10, 5). I've used them a lot in the past - particularly for winning distances and match bets. Unfortunately the value has now gone from the winning distance markets. The match bets remain interesting / profitable because of a specific method of approaching them. |
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dav are/were you turf/aw/jumps dist better & generally a buyer/seller?
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Basically you can bet in three ways on horse racing.
Race indices, where horses are assigned points depending where they finish. E.g. 50 for first, 25 for second or 10 for third. if a horse is 16 - 19, you'd buy at 19 if you thought it would finish 1st or 2nd. Sell at 16 if you thought 3rd or last. The 3 difference is the 'spread'. Match bets, where you bet on the number of lengths between two named horses. Again the spread works the same - maximum make-up of 15 for NH and 12 for flat. Meeting Indices, work in a similar way but updated throughout the meeting offering an opportunity to close out between races. The markets are limitless in theory, but popular ones being non-index based, such as winner SP or double numbers or index based such as heavyweights or jockey performance (25, 10, 5). I've used them a lot in the past - particularly for winning distances and match bets. Unfortunately the value has now gone from the winning distance markets. The match bets remain interesting / profitable because of a specific method of approaching them. |
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Sorry for the repost.
wonder - Only National Hunt for winning distances and nearly always a seller. Because people bet scared of the 30 length winner it was always more profitable to sell. You could sell at 5.5 / 6 for a good ground handicap hurdle over 2m in the old days. However this angle has gone now as it became more well known. Occasionally there are opportunities to buy winning distances - but this was usually down to non-runners, especially when the weather changed. If it starts raining heavily that naturally increases distances and can cause horses to be pulled out which is a positive double whammy. You used to be able to bet with 4 firms in the past as well, which made things much easier. For instance IG Sport used to offer 50-30-20-10 on races to offer a bit more variety and competition. |
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NH seller is what I was expecting you to say
there are still edges that exist which I won't post for obvious reasons but I concur with your general point about edges eroding over time |
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I'm a bit rusty these days but I would imagine with the proliferation of information, edges are relatively small and transitory.
The real glory days were when sporting index used to update NFL player markets at half-time in the small hours of Monday morning. Some real ricks there. |
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Are you able to say which markets get the majority of your business?
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by PM yes
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I'd be interested if you get a chance.
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sent
let me know if there's anything else you want to know, I'd be interested to hear your thoughts too |
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Firms much more clued up now but go back twelve years or even longer distances was a real gravy train, took a while for the penny to drop several years in fact, because one race could have a max of 30 lengths I suspect a majority back in the day were buyers which for a long period held the spread up higher than it should have been, a six race competitive card at say Huntingdon on decent ground would have been around 30 to sell, same card now possibly around 23, so there is no edge now except maybe on a rapid change in the going.
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hi pump...hope you are keeping well
I remember from a previous discussion you are/were a dist backer personally I think the edges still exist but they are smaller & you need to dig deeper for them |
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Hi Wonder, yes I remember chatting a couple of years back, there is probably more legs in buying some meetings now but cannot remember the last time I actually played.
Be lucky |
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Been spreadbetting since the early 1990’s firstly with sporting index when Compton Hellyer was running the firm then IG (got closed down) cantor spreads (shut down) and now Spreadex and Star Spreads are only firms offering sports spread betting now. Used to make a regular profit every year not massive amounts but 4 figures using a small credit facility.
The last 2 years I have made a loss again not massive but have now realised that as others have posted the edge has gone. I would say over 80per cent of my bets were on the sell side as the prices especially on distances at certain tracks (Sandown an excellent example) were in in my favour due to most seeing the small upside against the large downside. To anybody wanting to open an account I would say go with Sporting Index as I have had an issue with Speadex which I’m not prepared to go into on here. They investigated thoroughly as far as I was told and I believe that, but I still feel I was in the right and so have stopped using them, probably to their loss with my recent record. Other than that had no problem with them for over 15 years Don’t spreadbet much now but will be having a few match bets next week. If you are new it can soon start to run away from you when things go wrong so play small to start. On the other hand when buying and you reach the spread when plenty of time left there is nothing better (bought in the All Blacks v Japan word cup game 1995 when they won 145 – 17 I had covered the spread by half time. There have been some scary ones as well believe me |
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Thoroughly recommend adding spread accounts to your armoury. Makes you think about things from a different angle. Just make sure you fully understand what your potential exposure is. If you play long enough the worst (best) that can happen will happen !! - (eventually)!
Understand the market that you are betting on - they are not all 50:50 ish with the spread as their margin. Certain markets can be edged higher - punters generally like to buy stuff i.e. they generally want to see things happen goals - bookings etc. Many markets can be win (or lose) small amounts day in day out then bang - the outlier hits and its a big loss (or big win) , cancelling out previous profits (or losses). Great fun though - loads of action for your buck - You are fully involved from start to finish. There is no better punting feeling than being the right side of an in running spread bet , but nothing worse than when you are on the wrong side !! - seat of the pants stuff. Take for example - Festival SPs 28 races - Quote 305-320. Sell for a £1 - You have now laid EVERY winner at the festival for a £1 stake (but they pay you £305 for they bet) Buy for a £1 - You have now backed EVERY winner at the festival for a £1 stake - but paid them £320 for the privilege. Play on winning distances 93-103 - You now have a "shout" in all 28 finishes - Great fun !  |
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Good Reading Lads Keep it Up
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