Spread Betting Account Review
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Spread Betting Account Review
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Spread Betting Broker is a broker that allows speculating on financial markets in the same way as trading derivatives but with no single stake to limit loss. A spread which is a range between bid and offer price , and the bet which is guessing whether the outcome will be above or below the spread offered by the particular broker makes together an attractive option Spread betting. See AxiTrader review.
It means you trade without taking any position in the current security, but to create an active market for both sides, respectively the ones who selling and the counterparty is buying. Discover more about Spread Betting Wikipedia .
Many Top UK Forex Brokers offer Spread Betting option being a popular trading instrument, we recommend reading FCA Handbook to learn more about Spread Betting and choosing only reputable firm.
Below is our listing of the Best Reviewed Brokers offering Spread Betting narrowed by best ranked.
Spread betting available manly in the UK due to its legal authorization and even a tax break on profits, while many world countries forbid spread betting for various reasons . While i n UK, Spread Betting is regulated by the local authority FCA trading activity . Read more about Why trade with FCA brokers and see its official FCA website to verify licenses.
The concept of trading of CFDs and Spread is different. CFDs are short-term derivative contracts for the difference where trader speculate on the value of the underlying asset, and Spread Betting is just a bet on the direction of price movement.
This is the complete list of regulated brokers that offer Spread Betting platform available for UK clients.
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We have reached the end of our three month trial of Sports Spread Betting and here are the final results:-
Sports Spread Betting is the first spread betting service we have trialed here at HBR and wow, what a trial it has been!
They have absolutely smashed it, racking up an awesome 751 points of profit to 1 point per pip stakes.
For the trial I used £1 per point so that worked out at £751 profit , great stuff.
It’s not really possible to give an ROI figure for this service as with spread betting you are risking variable amounts and just using £1 per bet wouldn’t give a realistic figure for the ROI.
However, we would say that making over 750 points profit with just 1 point per pip is a great result and represents a strong level of return.
The strike rate was also very good at 51% , so over half the bets won.
As you can see from the graph below, apart from a small deficit early on, it was plain sailing through the rest of the trial.
You will need a spread betting account to follow this service. We can recommend Sporting Index, who currently have a £100 offer for new customers for seven days to get started. (18+, T&Cs apply).
Bets are sent out in the following format:
So very easy to follow – just find the race meeting, click on sell for “Distances 1-3,” enter your stake and you are done.
Overall we have been super impressed with Sports Spread Betting and this is definitely a PASSED rating and one we will be adding to our portfolio.
Don’t be put off by the slightly amateurish-looking website, this is a top quality service and one of the best we have trialed in some time.
Ease of use: A very easy service to follow, with an average of 1.5 bets per day. Tips are sent out in the morning with usually a couple of hours before racing starts, so a little tighter than we would like ideally but then they are limited to when the markets are formed by the spread betting companies.
Availability of prices: It can be tough to match the advised prices, as they often move as soon as the tips are sent out, particularly the football “completed passes” bets. Our results are the actual prices we achieved, so Max’s (who runs the service) official results are actually a few hundred points better than ours. But you should have no problem matching our results or get very close to them.
Strike rate: The strike rate during the trial was 51%, a solid level with more than half of bets being winners.
Advised Betting Bank : We used a 1000 point bank for following the service, which should be sufficient and was never in danger during the trial.
Subscription costs: The subscription costs are just £25 per month, which is an absolute steal really if you consider the results achieved.
There is also a profit guarantee such that if you don’t make 25 points profit in a month then they promise to give you a full refund. Can’t say fairer than that can you really.
Spread betting is quite a niche approach compared to the more mainstream fixed-odds markets, but that doesn’t mean there aren’t opportunities to make a profit from it.
Maybe even more so given that there is less attention paid to it and less professional money.
Certainly Sports Spread Betting has shown itself to have a profitable angle, amassing an excellent 751 points profit during our trial.
That is highly impressive stuff and represented a 75% growth of our bank. So we have no hesitation in awarding it a PASSED rating and is one we will continue to follow with our own money.
At just £25 per month it is an absolute steal compared to some of the more inflated prices you see from tipsters these days – and it comes with a profit guarantee as well.
It may well be worth getting on board quickly before prices potentially go up, which they surely will do if the results continue in the same fashion.
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Sports Spread Betting has been in excellent form, adding another 269 points of profit since our last update.
That means we are now 733 points up for the trial overall, which is top quality tipping.
It is very difficult to match the advised prices on some occasions, even if you place your bets as soon as the tips are sent out.
That was particularly evident with some of the football bets on completed passes this week, which had moved 30 points from the advised prices. However, even allowing for these price movements we are still 700 points in profit so can’t have any complaints really.
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Things have taken a small step backwards for Sports Spread Betting since our last update, with a loss of 131 points having been made in that time.
However, we are still a healthy 464 points in profit for the trial overall, which is very good going.
We took a heavy hit over the weekend with total goal minutes on the Premier League matches and completed passes in the Arsenal game going against us, which cost us the best part of 200 points.
However, we recovered some of those losses on the Champions League last night, so let’s hope we are back on track. As we say, overall we are well in profit so that is most commendable.
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We are very impressed with Sports Spread Betting so far, as it continues to rack up the profits.
We have made a further 425 points profit since our last update, meaning we are now 595 points in profit in total for our trial.
These are very good results and we are really liking this service so far.
We mentioned last time that we would attempt to shop around for better prices, so we opened an account with Spreadex. It has helped a little bit with prices, but it doesn’t have some markets (like distances 1-3) and its prices still tend to get moved in as well.
In any event, even accepting small reductions in prices from those advised, we are still well in profit so can’t complain really and overall this has been excellent.
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It’s been an excellent start to our trial of Sports Spread Betting , the first spread betting service we have reviewed here at Honest Betting Reviews.
Since we started following the tips on 23rd August, we are 170 points in profit.
The service specialises in horse racing, football and cricket and there are normally just 1-2 bets per day.
The prices on some of the selections – particularly the horse racing – get moved in quite significantly by the time the tips have been received and we got to placing our bets, sometimes by 5 or 6 points.
So for example whilst we have made 218 points profit in September so far, the tips at advised prices have made 260 points profit – so over 40 points difference.
However, this has mainly been on the horse racing, where as on football and cricket prices tend to hold up better – probably because they are bigger, more liquid markets.
We have just been using Sporting Index so far during the trial, so will try some of the other spread betting companies like Spreadex and Sports Spread to see if we can mitigate the price contractions somewhat.
In any event, even losing a few points on some of the tips we are still well in profit so can’t have any complaints and this is looking very promising so far.
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Here at Honest Betting Reviews we are inundated with requests to review various betting systems and tipsters.
Lots of these are similar to systems that already exist or are even direct copycats. Many others are new tipping services, of which there are now literally hundreds.
So what we really like to see is something new and different – someone who comes along and takes a slightly more nuanced approach to the gambling game.
Earlier this week we were approached by a chap called Max and we were pleased to see that he has a slightly different approach to making money betting from the hundreds of others we regularly see these days.
His focus is to spread bet on a number of different sports and his website is called – quite appropriately we would say – Sports Spread Betting.
It is quite surprising when we think about it that there aren’t more spread betting tipsters and systems out there.
In fact, we think this may well be the first one we have ever come across!
For sure, fixed odds betting is much, much bigger amongst the punters than spread betting, which is more niche and tends to be more associated with financial trading.
However, that isn’t to say you can’t make money out of it.
A story you may have heard us recount here at Honest Betting Reviews is that of an accountant we once knew who managed to devise a system for betting on corner supremacy bets with the spread companies.
He realised there was a systematic error to the way the spread betting companies were pricing up their corner markets. We never found out the exact formula, but apparently they would put too much emphasis on the superiority of one team over another rather than the way they played.
This chap took a very large amount off the spread betting companies (we understand it was over six figures in total) before they shut down his accounts.
The point of the story is that you can make money from this form of betting and indeed, given its more niche status, there may be more unexploited angles than in fixed odds betting, which has become such a mass market now, it seems all the easy opportunities to make money are gone.
Anyway, back to the service in question. Sports Spread Betting focuses on three sports primarily – football, horse racing and cricket.
The service concentrates on a small number of the spread betting markets and uses a wealth of statistics that Max has built up over the years to pinpoint value trades.
As a member you receive an e-mail each day with Max’s selections, together with the price and some of the thinking behind the bet.
It costs £25 per month to sign up, which seems pretty reasonable compared to some of the services we see promoted around the internet these days.
And in addition it comes with a profit guarantee – so if he doesn’t make at least 25 points profit from his selections in a given month, he says you will receive a full refund. A very good offer indeed!
Please be aware, if you are thinking of joining up, of the disclaimer on the website that due to spread betting being regulated by the FCA, Max is not allowed to be seen to be giving advice (as he is not regulated in this capacity). The selections that he sends out via email will be simply the selections that he is putting his own money on each and every time. It is then up to you if you decide to copy him on those selections.
Right, now we have got the small print out the way, it is time to get on with the review.
Max aims to make around 100 points profit per month, so a pretty achievable target we would say.
Obviously as ever, it remains to be seen whether this will be achieved during the trial, but we will find out either way.
So without further ado we will get the trial underway and will report back soon on how things are going.
I loved what you shared, especially what you put that there is to see what is the probability of winning the bet, I will combine it with what I am doing to improve my results
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