www.sportingindex.com is the best known spread betting site on the internet. They claim to have around 70% of the spread betting market in the UK, and have just recently upgraded their website to improve functionality although the layout hasn’t changed.
For the newcomer, sportingindex.com can be rather confusing. The markets are difficult to understand at first, but with some studying one begin to understand how they work. However, even after a few practice bets the “Buy” and “Sell” options can still be confusing to the unseasoned spread better.
It’s exciting when you realise the potential of spread betting and the profits that can be made from small amounts and that’s the thing that hooks you, but those small amounts can quickly become large liabilities and you’re suddenly in dangerous territory! It soon becomes apparent to me that the regulars at this site must at a ‘higher level’ to understand the markets and keep their losses at a minimum. (On the other hand, perhaps I’m just not intelligent enough or worthy to be playing here at all! I shouldn’t bet above my station.)
Now I know www.sportingindex.com a little more it’s clear to me that they are actually a very approachable set up, and the intimidation I felt when first joining was simply because I was confused by the completely different system of betting than my usual fixed odds betting. It can still be a dangerous place though, so take care if you are considering trying them out.
Remember; when spread betting, high odds in your favour can soon become higher odds (and liability) against you so beware.
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