Will a spread betting gub you if your start winning?

Never heard of SPIN but in answer to your question, yes. Probably restricted worse the the 'books'.

* As you will know not every 'dodgy' race was connected to the exchanges...

SPIN = Sporting Index, presumably 

- and - of course you WILL be STOPPED... They are betting against you - just like Bookies.

I was STOPPED 25 years ago - way before all this current restriction nonsense.

yes worse unless your name is Steve Palmer

There used to be extrabet (maybe ig index linked)  they also had a sportsbook i used to hammer them on the golf lasted about a season

Nevison wrote about Sporting Index closing him down.

I got closed down by Sporting Index years ago (probably the first to close me down in this modern era). At the same time they had an advert about getting a "second income" from their services.

took SI about 6 weeks to restrict me after betting horse racing distances
not interested in 99% of the markets they offer

Interesting, you would think their line would be their margin, and would try to set the line to have as equal as possible both sides.  In which case they should want volume to maximise profit.

@equine flew

That's surely exactly like saying that the standard bookies' margin should be the overround and the greater the volume the more their profit?

That would be if they modelled the market right and got the centre of the spread or the tissue prices right.

What neither want is punters who only play when they spot that the price is wrong.

Get chucked out by spreadex quicker than sportingindex but I was always playing their arb prices

Their models are pretty efficient,when I trade with ig on currencies for instance I might not get on the exact bid or offer I’m aiming for but I won’t have my amount cut down just because I’m winning.

are there any alternatives to the big two?

Star spreads will give you a fair crack Aston.

Other 2 shysters.

End of the day though if you winning they dont like it.

spreadex closed my account a week ago so I asked for a profit and loss account which showed I had lost 39K over the lifetime of the account over 20 years although I'm 47k up since the beginning of March. Star Spreads closed my account a few months ago and Sporting Index a few years ago.  The thing is when I search for spread betting companies, only the big two come up. I can't even find Star Spreads under Irish Spread bookmakers or anything, I can only find them by typing in their name so there may be others that I can't find. I know sportspreads have a bad reputation so not keen on them.

Does anyone know about Pinnacle sports? They claim that they don't close winning accounts

Have had an account with spin for many years and always found them to be fair accommodating me on for 25 quid a point mainly play favourites, jockey index  and  NH distances, but recently this has been restricted to max 1/2 that, I am in front over the lifetime of the account so can’t complain.

Years back was restricted to 1 or 2 pounds a point by IG index before they shut their sports spread betting operation.

Had a disagreement with Spreadex over a bet placed on their app which wasn’t settled to my satisfaction so when i mentioned the financial ombudsman,  they closed my account, good for me because I was well  down with them, just couldn’t beat them for some reason. Their loss

Don’t spread bet much now, all horse racing prices linked to exchanges so can’t get the jump on them before price moves and find prices on distances for example much lower than the were back when I first started as 95 %of the time would be selling.

Went the same way as the high street mob years ago. Spin "traders" are inept. Took them for 5 figures over 15 year period. Maybe 30 notes a week averaged out. They took their ball home. Should be in their t and c's if you win we will get rid of you. Shameful behaviour.

May 14, 2021 -- 10:07AM, aston wrote:

Does anyone know about Pinnacle sports? They claim that they don't close winning accounts

yes but no UK customers