Sports Spread Betting Introduction
29th August 2017
We have recently started reviewing a new and unique betting service that is unlike any other we have covered previously. Sports Spread Betting is a subscription service run by numbers guru Max, that sends out emails listing the spread betting trades he will be taking each day.
The service hasn't been running long, launching on August 11th this year, but has already banked a profit of over 300 points. Obviously we wouldn't expect this to carry on forever but Max is confident that he can continue to build a healthy monthly profit after gathering statistics over the past five years.
Spread betting is different to regular fixed odds betting as you are basically betting on how accurate the firm's prediction for each market is. The prediction is set in the form of a buy price and a sell price, so if you think the quote is too low you can buy at the higher price and if you think it's too high you can sell at the lower price.
It does tend to carry more risk than fixed odds betting as you will win or lose more money depending on how much the outcome goes in your favour. For example, you think that the quote of 10.5 - 11 corners in a game is too low so you stake £5.00 at the buy price of 11. Now for every corner above 11 you would make £5.00 and every corner below you would lose £5.00.
So you can see how there is potential for the profit or loss to swing turbulently one way or the other. This can be controlled by putting a stop loss in, but so far this isn't something we have seen Max mention for any of his trades.
In each of Max's emails he details which market he will be trading, whether he is buying or selling and the price that is quoted. He primarily covers three sports - football, cricket and horse racing and focuses on just a few markets from the hundreds available.
The service is priced at £25 per month (+ VAT) but there is a full refund offered if the service doesn't make at least 25 points profit in a month.
We will be recording Max's trades at the quoted prices and the prices that we are able to obtain and we will be using a 1 point stake per trade unless the email states otherwise.
We're looking forward to seeing how this service gets on over the next three months and we will back in a month's time with our first set of results.