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23 Apr 23
16:50
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25 Oct 09
What has your worst day been , one of many but i can recall at York many many years ago on a Saturday 7 races selling the favs at about 72/76 for a score a point after 3 races it was 75 made up about 130 a few will remember flip flopping favs was a couple that day so come on guys and gals tell yours
Ronnie.
Ronnie.
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my god ronnie ....seems spread betting has gone the way of cassettes and watneys red barrel ! i don't know anyone who does it now . yet i remember being in the sporting index tent at cheltenham years ago when it was the next big thing . it was buzzing . think betfair killed it . speaking of york , roll on dante meet .
To be fair spread betting was way better than Watney's Red Barrel. I can't remember what year it was I sold England 6-Nation tries and they ran away with the tournament, cost me a bundle and apart from the odd friendly bet I've kept to horse racing ever since.
4 May 2021. Leeds Rhinos at home to St Helens. Bought Saints . Final score Leeds 74 Saints 16. Everytime I thought it couldn't get worse and didn't close , it got worse (think Saints had a player sent off) . Paid up and closed my account.
Have a couple of ones I remember. Selling either match 180s or Hendo 180s at the Lakeside. Was Adams v Hendo and Hendo got a first round record iirc. Had a match bet in the 2004 Olympics and my fella fella hit the final hurdle and went from 2nd to last. It was either shortly before or shortly after I backed GB @ 1 on 10 25 50 market for the 100m relay.
Remember selling Jack Russell runs for England at about 24 I think, he made 78
In the early days of my account bought All Blacks v Japan in the 1995 Rugby World Cup 145 - 17
Can’t remember exact price I bought at but won a few quid and was a very easy watch.
After their tent at the festival which I was invited into as a guest of another who had an account, they hired out a box opposite the winning line and got invited in there a couple of years.
I was a very small player so it wasn’t on the basis of a losing account more I had a personal contact in the firm.
However.
Worst bet ever was selling SPs again at Cheltenham in 2007
First day started badly with Ebaziyan at 40/1 then sublimity won the champion at 16/1 then Joes Edge at 50/1 beating two 7/1 co favs by two short heads
20/1 Massinis Maguire was the worst result on day two
Third day 20/1 L’antartique and then 33/1 Butlers Cabin all out to hold on from a 7/1 shot compounded the day
Day four 20/1 and two 12/1’s ended the Worst Cheltenham I’ve ever had before or since after selling SP’s for 20 quid before the first race
As I said above I was a small player but that was a bet that took me a while to recover from and never did again
Can’t remember exact price I bought at but won a few quid and was a very easy watch.
After their tent at the festival which I was invited into as a guest of another who had an account, they hired out a box opposite the winning line and got invited in there a couple of years.
I was a very small player so it wasn’t on the basis of a losing account more I had a personal contact in the firm.
However.
Worst bet ever was selling SPs again at Cheltenham in 2007
First day started badly with Ebaziyan at 40/1 then sublimity won the champion at 16/1 then Joes Edge at 50/1 beating two 7/1 co favs by two short heads
20/1 Massinis Maguire was the worst result on day two
Third day 20/1 L’antartique and then 33/1 Butlers Cabin all out to hold on from a 7/1 shot compounded the day
Day four 20/1 and two 12/1’s ended the Worst Cheltenham I’ve ever had before or since after selling SP’s for 20 quid before the first race
As I said above I was a small player but that was a bet that took me a while to recover from and never did again
Buying Favre's passing yards over Miller's at half-time and losing 200 points.
A lot of northern folk did there absolute brains in when Wigan rugby league played bath at rugby union .
Sold Tiger Woods finishing position in the US Open at Pebble Beach, on the basis that it's a short course and his length off the tee wouldn't help him. He won by 15 strokes.
This wasn't actually that long ago, I had what I thought was a bit of decent info that a Cricket Pitch wasn't really up to scratch.
Sold runs in a 50 over game, they put up 350/5.
Did brains.
Sold runs in a 50 over game, they put up 350/5.
Did brains.
What I would say on this subject is that you would need to be an exceptionally clever person to beat the spreads long term.
But just clever wouldn’t be good enough
But just clever wouldn’t be good enough
The hardest thing with spread betting is cutting the loss..most people run the losing position too long,& take profit on a winning position too early.
Lucky Luciano
Was it Sporting Index ? I also had an account with them in bygone years, but i only played small and generally on the race index buying a fav. I was probably a loser overall.
I also had accounts with IG and City Index for financial markets back in the 90's. On one occasion i was confident the Dax was going to fall and i sold what i thought was at £33 a point (i often played the indices for £11, £22 or £33). Within a few seconds i noticed my PL for the trade was showing over £2K down, but the index was only down 6 points (+ the spread). I suddenly realised i had entered £333 in error and thought if it dropped 30 pts i would be losing over £10K so i traded out at an eventual loss of over £2400 for probably less than a minutes trading. Sods law the Dax did fall later.
I don't have accounts with any of them these days, IG and City closed mine due to new regulations/EU residency, but i do have one with Plus500 for CFD's and investment (shares in my case). I think they are based in France.
Was it Sporting Index ? I also had an account with them in bygone years, but i only played small and generally on the race index buying a fav. I was probably a loser overall.
I also had accounts with IG and City Index for financial markets back in the 90's. On one occasion i was confident the Dax was going to fall and i sold what i thought was at £33 a point (i often played the indices for £11, £22 or £33). Within a few seconds i noticed my PL for the trade was showing over £2K down, but the index was only down 6 points (+ the spread). I suddenly realised i had entered £333 in error and thought if it dropped 30 pts i would be losing over £10K so i traded out at an eventual loss of over £2400 for probably less than a minutes trading. Sods law the Dax did fall later.
I don't have accounts with any of them these days, IG and City closed mine due to new regulations/EU residency, but i do have one with Plus500 for CFD's and investment (shares in my case). I think they are based in France.
you aint wrong jimnast. i was one of them on wigan
however, i copped for a bundle when st. helens put out a b team at bradford when my mate was chief exec but knew nothing about gambolling and told me he and the coach had fallen out over it. even 2 of the players got involved. r.l players are thick and they put bets on in their own name and got banned for it
i was closed immediately, although when i met alistair hunter at knowsley road not long after he offered me it back. i declined
however, i copped for a bundle when st. helens put out a b team at bradford when my mate was chief exec but knew nothing about gambolling and told me he and the coach had fallen out over it. even 2 of the players got involved. r.l players are thick and they put bets on in their own name and got banned for it
i was closed immediately, although when i met alistair hunter at knowsley road not long after he offered me it back. i declined
Spread betting appears to have an association with Murphys Law imo
Was on Nick Price a few years Back in the Open in I think a 2 ball , He managed to hit the ball in the water 3 times on 1 Hole
Fook knows what the Make up was
Another tourney Was on Stuart Appleby in 2 ball Watching a Live Scoreboard , they put him up as taking 13 on one hole a Par 3 , I nearly had heart failure ,it was later corrected to 3
Another disaster on the Giants in a Superbowl v the Ravens Spread was about 3 Ravens won 34 7
Done me brains over a period of 6 months ,Thankfully Stopped, learned a very expensive lesson
Was on Nick Price a few years Back in the Open in I think a 2 ball , He managed to hit the ball in the water 3 times on 1 Hole
Fook knows what the Make up was Another tourney Was on Stuart Appleby in 2 ball Watching a Live Scoreboard , they put him up as taking 13 on one hole a Par 3 , I nearly had heart failure ,it was later corrected to 3
Another disaster on the Giants in a Superbowl v the Ravens Spread was about 3 Ravens won 34 7
Done me brains over a period of 6 months ,Thankfully Stopped, learned a very expensive lesson
Bought Tory seats 18 months BEFORE the 1997 election at £10 per seat. Stupidest spread betting call I ever made bar one.
Lost over £1000 on bet. And what was the stupidest call I ever made - going to bed at around 10:30 the night of the same election.
Found out from a very good contact at Sporting Ind*x a week later that at around 00:30 that night a rumor got around the City players that the 1997 election was going the same way as the 1992 one - where Labour looked sure to win but fell over in the week before polling.
In 1997, this time the rumor was that the Tories were ahead in many of the early counts and subsequently Sporting Ind*x changed their spread for about five minutes, during which I could have made an effin profit on the bet!!
Have never been able to verify if my contact that night got the news right or not. Love to know!
Lost over £1000 on bet. And what was the stupidest call I ever made - going to bed at around 10:30 the night of the same election.
Found out from a very good contact at Sporting Ind*x a week later that at around 00:30 that night a rumor got around the City players that the 1997 election was going the same way as the 1992 one - where Labour looked sure to win but fell over in the week before polling.
In 1997, this time the rumor was that the Tories were ahead in many of the early counts and subsequently Sporting Ind*x changed their spread for about five minutes, during which I could have made an effin profit on the bet!!
Have never been able to verify if my contact that night got the news right or not. Love to know!
Evening Andrew
Yes sporting index also had accounts with IG index they restricted me to £1/2 bets so I closed it and cantor index they folded and Spreadex I closed my account with them as well after one of my bets was not honoured, only about a hundred quid they owed me and I had the account for nearly ten years but they said I hadn’t put it on I said I did so I closed it
I actually went to a job interview with Corals in Barking as a spread betting trader after I got made redundant but they didn’t open up an operation in the end. Interviewed by a really nice guy small fella with a tache who was a director at the time this would have been in 1995
Well known in betting circles back then but can’t remember his name now
Still play now and again
Yes sporting index also had accounts with IG index they restricted me to £1/2 bets so I closed it and cantor index they folded and Spreadex I closed my account with them as well after one of my bets was not honoured, only about a hundred quid they owed me and I had the account for nearly ten years but they said I hadn’t put it on I said I did so I closed it
I actually went to a job interview with Corals in Barking as a spread betting trader after I got made redundant but they didn’t open up an operation in the end. Interviewed by a really nice guy small fella with a tache who was a director at the time this would have been in 1995
Well known in betting circles back then but can’t remember his name now
Still play now and again
Apr 24, 2023 -- 1:09PM, BARROWBOY wrote:
The hardest thing with spread betting is cutting the loss..most people run the losing position too long,& take profit on a winning position too early.
Spot on. If you are losing you think it is sure to turn round and the instant you close , that will turn out to be the maximum loss. Similarly if you are up, you think that if you don't close out you will lose that profit . Not disimilar from betting in running . You back a 30/1 shot and lay off at 20s only to see it win but if a 5/1 shot goes out to 10s you led it ride and get nothing back.
I loved Spread Betting in the 90 and early2000's
Worst results were Pad Harrington who I bought early in the tournament, he was I think 5 clear going into the last round and he had to finish top 5 for a profit. Then on the morning of the final day it was found that he had not signed his card and was disqualified so the make up was 0. It was not my biggest loser but it hurt.
Hull FC Bradford Play off think it was 2005 that was a bad night I lost £1,000.
I called it a day after 16 years with Sporting and on closing the account asked how much I had lost it was just over 15k.
Too addictive but great.
Worst results were Pad Harrington who I bought early in the tournament, he was I think 5 clear going into the last round and he had to finish top 5 for a profit. Then on the morning of the final day it was found that he had not signed his card and was disqualified so the make up was 0. It was not my biggest loser but it hurt.
Hull FC Bradford Play off think it was 2005 that was a bad night I lost £1,000.
I called it a day after 16 years with Sporting and on closing the account asked how much I had lost it was just over 15k.
Too addictive but great.
Speak to a guy at York who had something to do with Sporting Options anybody remember them he said to me i will give you a bit of advice cut your stakes MOST people bet far to big if you bet 20 a point you should be betting 5 a point looking back he was correct. Please tell me it was not just me who would watch the cefax on a Sunday night after selling the total points on all the days games on the American football.
Thank you all for taking the time to reply.
Ronnie.
Thank you all for taking the time to reply.
Ronnie.
Good thread, a bit different.
An early lesson I learned with spread betting, though, (and I started in 1987 on the financial indexes) was how accurate most spreads are. To try to bet one way or the other on a spread you think very accurate is basically guessing.
Also, the business of cutting losses and running profits comes down to setting a maximum loss and then running that loss up behind any profit IE a trailing stop loss. Not always possible on financial markets with violent swings where you can be stopped out because of a freak move against you that then comes back very fast, but still a safe way to play.
Lastly, in 2005 I was asked to write a piece for a gambling magazine about spread betting. Got myself into Sporting Index for the afternoon and sat with two horse racing traders.
Very interesting to see them work. Most of the time, their analysis was the same as the punters would be, allied with the weight and direction of money they were taking. But what did surprise me was when one of their 'list punters' called in.
The two traders I was with, plus those around them, were really derogatory about certain punters. One guy, nowadays a stalwart of Racing TV as a studio pundit and sometimes presenter, called in to play the winning distances at a very wet Leicester.
The traders took the bet, after checking first, but then fell about laughing with what the punter had done and actually adjusted the specific spread to take a position against him such was their lack of respect for his judgement! His bet lost, albeit not by much.
I think spread betting is past its prime now. Younger generation of punters don't want to do any work on their betting and so giving them a chance to bet on a supremacy spread of, say, 1.25-1.45 is much too much for them to work out!!!
An early lesson I learned with spread betting, though, (and I started in 1987 on the financial indexes) was how accurate most spreads are. To try to bet one way or the other on a spread you think very accurate is basically guessing.
Also, the business of cutting losses and running profits comes down to setting a maximum loss and then running that loss up behind any profit IE a trailing stop loss. Not always possible on financial markets with violent swings where you can be stopped out because of a freak move against you that then comes back very fast, but still a safe way to play.
Lastly, in 2005 I was asked to write a piece for a gambling magazine about spread betting. Got myself into Sporting Index for the afternoon and sat with two horse racing traders.
Very interesting to see them work. Most of the time, their analysis was the same as the punters would be, allied with the weight and direction of money they were taking. But what did surprise me was when one of their 'list punters' called in.
The two traders I was with, plus those around them, were really derogatory about certain punters. One guy, nowadays a stalwart of Racing TV as a studio pundit and sometimes presenter, called in to play the winning distances at a very wet Leicester.
The traders took the bet, after checking first, but then fell about laughing with what the punter had done and actually adjusted the specific spread to take a position against him such was their lack of respect for his judgement! His bet lost, albeit not by much.
I think spread betting is past its prime now. Younger generation of punters don't want to do any work on their betting and so giving them a chance to bet on a supremacy spread of, say, 1.25-1.45 is much too much for them to work out!!!
Very interesting The Knight,
always believed and was told by one of the people in that operation the only long term winners are those that sell the spread, obviously not in all markets such as team A v team B but most are too afraid of the downside so buy
I’ve noticed over the years that you have to sell at much lower prices in winning distances in jumps for example than was the case 20 years ago
always believed and was told by one of the people in that operation the only long term winners are those that sell the spread, obviously not in all markets such as team A v team B but most are too afraid of the downside so buy
I’ve noticed over the years that you have to sell at much lower prices in winning distances in jumps for example than was the case 20 years ago
I vaguely remember a mate making a load of money on buying the amount of wide balls in a cricket tournament - it had been wildly under-estimated by the market makers?
https://www.racingpost.com/sport/opinion/bruce-millington/cricket-world-cup-...
Sporting Index site gives a list of their biggest losses when they got it badly wrong:
https://assets.sportingindex.com/ZmsMedia/vSporting%20Index/Carousel/spin25_timeline_portrait_gettingitwrongnew.jpg
For me, it was a bookings sell in a Juve vs Real Madrid Champions League game in i think 96. First leg was quite tame, and thought 2nd leg set far too high... cue 2 red cards and at least 10 yellows.
https://assets.sportingindex.com/ZmsMedia/vSporting%20Index/Carousel/spin25_timeline_portrait_gettingitwrongnew.jpg
For me, it was a bookings sell in a Juve vs Real Madrid Champions League game in i think 96. First leg was quite tame, and thought 2nd leg set far too high... cue 2 red cards and at least 10 yellows.
Spread betting what blast from the past!
Lethal to have a "fun" bet on the football. Man utd were playing Bolton away in February 1996 and being a local derby(ish) was expected to be tight. So I sold shirt numbers..
This was when Ferguson was introducing " the kids".started badly when floppy haired no 24 called be beckham scored in 5 minutes with a header. Bruce made it 2-0 which was score at half time. A loss on the cards but not looking too bad.
Gets to 70 minutes then wheels fall off.
Cole (17) scores so match over and Fergie brings off Eric. On comes no22 and 5 minutes later the ginger haired sub who looked 12 scores 2 goals. Paul Scholes - good way to introduce yourself.... To compound the misery another 12 year old nicky butt(no19)scored in 90th minute.
£1,050 poorer lesson expensively learned...
Lethal to have a "fun" bet on the football. Man utd were playing Bolton away in February 1996 and being a local derby(ish) was expected to be tight. So I sold shirt numbers..
This was when Ferguson was introducing " the kids".started badly when floppy haired no 24 called be beckham scored in 5 minutes with a header. Bruce made it 2-0 which was score at half time. A loss on the cards but not looking too bad.
Gets to 70 minutes then wheels fall off.
Cole (17) scores so match over and Fergie brings off Eric. On comes no22 and 5 minutes later the ginger haired sub who looked 12 scores 2 goals. Paul Scholes - good way to introduce yourself.... To compound the misery another 12 year old nicky butt(no19)scored in 90th minute.
£1,050 poorer lesson expensively learned...
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