Last Updated on Wednesday, 10th Jun 2020
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Sporting Index

Introducing Sporting Index Horse Racing Review

Sporting Index are a British company specialising in spread betting. They’ve more or less got that particular market cornered in the UK. As pioneers of bringing the spread online, Sporting Index racing forms a key part of the sportsbook as betting on the horses can have many outcomes. If you’re looking for traditional fixed odds, then this isn’t available here. Instead you’re covering the spread either buying into a certain outcome being exceeded or selling if you don’t think a minimum happening specified on the Sporting Index full website will happen. We’ve more on this unique type of sports betting in this review!

Founded in 1992, Sporting Index took less than a decade to bring a full spread betting experience online to UK customers with the launch of its sportsbook from its London HQ in 2001. It’s not the UK Gambling Commission that licenses this firm as it’s not your traditional bookmaker, so regulation instead comes from the Financial Conduct Authority. This Sporting Index horse racing review 2020 looks at the key differences between fixed odds and betting on the spread. One key feature to look out for is a lengthy discussion of the no deposit welcome bonus of £50 you get just for signing up. If you want another visual impression of Sporting Index, then be sure to look at the screenshots below.

What else can you expect from this review? We’ll take you through those essential early steps for signing up, making a deposit, getting Sporting Index horse racing spread bet on and how to withdraw any winnings you make. There’s odds and further offers to draw your attention to, as well as what in play betting there is for a live events angle. We’ll touch on the Sporting Index mobile experience through their spread betting app and look at customer service and payment options. Before we tie all those thread together with our conclusion, we also consider any extras that may be of interest to you beyond betting on the horses. You should get a complete picture of what spread betting is all about.

Know Your Bookmaker

Now that we’ve got those initial steps out of the way, it’s time to establish this; is Sporting Index horse racing good? Key criteria behind that is the welcome bonus, so we’ll be looking at what’s behind that £50 no deposit new customer offer that introduces you to spread betting. We’ll also highlight other promotions, talk about the odds on offer both for regular and in play betting, and look at the Sporting Index app. There’s customer service and more on payment options to consider, plus anything extra that’s worth your attention. With spread betting covered from all angles, you should get a pretty good idea of Sporting Index.

Sporting Index Welcome Bonus

As new customer offers go, Sporting Index really do provide punters with a unique experience. You’re given £50 to spend on spread betting in your first seven days after signing up and having the funds credited. No cash deposit is necessary on your part, but know this – if your account goes into negative funds after that first week you are liable to pay the deficit. That will seem like a greater risk than a normal bookmaker, but that is the nature of spread betting. On the flip side, if you make over £50 trading credit then the profits are yours. It’s not a free bet as such, but this promotion puts the onus on you to buy and sell the right spreads – just as you would back and lay horses on the exchanges!

Sporting Index horse racing also offers you regular match bets on British and Irish race meetings daily. Think one horse is a good thing to beat another? Then buy the spread, but note the maximum margin is +/- 15 lengths. If you don’t fancy the match bet to come off in that margin, then sell the spread. Also be sure to check out aggregate race markets on favourites, starting prices, and others. Think all the market leaders can be turned over? Then sell the spread. Fancy SP favourites to win? Why not buy into the aggregate margin!

As promised, we’ve got detailed manuals that tell you in plain English how to get your Sporting Index account set up. Whatever you need help with, whether it’s registering, making a deposit, placing a spread bet on horse racing or withdrawing your winnings, we can help. Horsebetting.com know it’s important to be able to use your betting account with confidence, so kickstart your spread gambling through Sporting Index right away by following our simple instructions below. Remember to enjoy it!

Sporting Index Mobile App

Sporting Index have taken the spread betting experience to your digital device by launching a dedicated app in 2017. It is free to download from the App Store or Google Play for iOS or Android smartphones or tablets. You get a streamlined betting experience via these platforms, so you can bet on the spread while you’re on the go. Having gone to the effort of bringing this unique form of gambling bang up to date, Sporting Index could probably do more to advertise their app with mobile links tucked away and difficult to find on the sportsbook but a quick Google search will bring up download links anyway.

How To Open Your Account

Step 1; Start registration by clicking on ‘Join now’ in the top right-hand corner of the sportsbook. Now enter your personal details in the form.

Step 2: Make sure you read the risk disclosure notice and understand that you can lose more than the amount you wager when betting on the spread.

Step 3: Remember, you can join Sporting Index without making a deposit as the welcome bonus is £50 with no deposit necessary.

Payment Methods

Some Sporting Index horse racing reviews overlook how you can go about paying for your gambling, but not Horsebetting.com. You can see all the options available for funding your bets by looking at our handy payments table below. As you’ll soon notice, a mixture of classic and more modern methods are available to support your spread betting. Traditional options tend to take longer than eWallet services such as Neteller and Skrill when it comes to withdrawals. Remember, if you have a credit account with Sporting Index it will be balanced weekly. This unique option may have a positive impact upon Sporting Index horse racing ratings!

How To Make Your First Deposit

  • When you’re logged in to Sporting Index, click on ‘My account’ and choose deposit funds from the list of options. A wide selection of payment methods are available.
  • Choose your deposit method; some like debit cards and eWallet services such as Neteller and Skrill are instant but others can take longer to clear.
  • Now enter the amount you want to deposit and follow the on screen instructions. You’ll need to provide details of your chosen payment too.

How To Withdraw Your Winnings

  • Credit accounts are settled on a weekly basis. Payments are made via cheque or card. For non-credit accounts, you must request a withdrawal via card or eWallet services.
  • Log in to Sporting Index and use either the withdraw to card or withdraw funds option from your account depending on the payment method you want.
  • Now enter the amount you want to withdraw. Confirm this once you’re happy. If using eWallet services, the transfer is instant. Cards take 3-5 business days.

Customer Service

One key criteria which helps you establish an answer to ‘is Sporting Index horse racing reliable?’ is what the sportsbook’s customer service is like? We can report they have a very thorough Frequently Asked Questions (FAQs) section, a live chat function which is available to you around the clock, send an email or tweet to their Twitter account or ring someone to make your inquiries over the phone. There are both UK and international lines to call, depending on where you’re from. Any email queries will be dealt within 24 hours and full support guides on spread betting can give novices to this type of gambling essential information.

Licence & Security

No need to worry about Sporting Index. They are authorized and regulated by the Financial Conduct Authority of the UK and the Gambling Commission. This leaves one feeling confident in their ability to safeguard one’s personal information and more importantly, financial details.

Sporting Index has acquired and implemented state-of-the-art technology which is run on their platform. All data that flows through the platform is protected by this technology. It will prevent the accidental loss of confidential data. Sporting Index, by law, will not disclose your information to any unauthorised person/entity.

SportingIndex Sports Betting

Betting Markets

One traditional gambling experience that Sporting Index can furnish punters with is when it comes to casino, card and slot games. There’s a great range of these on offer through dedicated section attached to the sportsbook. No spread betting here, just classic gambling on games of chance. There is a separate welcome bonus for the Sporting Index casino of a 100% first deposit match bonus up to £200 but – be warned – there are huge 30x wagering requirements that must be cleared in 30 days.

Live Betting

When it comes to in play betting on live sports, there’s plenty to go at and Sporting Index racing is included! This is because spread betting fits well with events as they unfold. On top of the horses, there’s also in play odds available on football, golf, tennis, cricket, darts, rugby, American sports like baseball and basketball, and much more. There’s also live streaming available on many of these events so you can keep an eye on your bets.

Odds

When it comes to horse racing, no other operator in the UK comes close to the choice you have through Sporting Index. While there’s no best odds guaranteed here, remember this is not your regular bookmaker. You’re not backing horses to win, you’re backing to them perform – or not as the case may be – within a certain margin specified by Sporting Index. We’ve already emphasised the greater risks involved here, but it’s the same for potential gains!

Betting Margins

Whatever type of betting you go in for: regular fixed odds, gambling on the exchanges or spread markets; they are all underpinned by margins. In the case of the spread, it’s commission that you pay to the sportsbook operator for getting your bets on. Learn more about betting margins in the table below for your reference.

As you can see, we’ve split the table on betting margins into two different categories. One figure is about the regular betting before a sporting event takes place. The other relates to live in play markets that you gamble on while the action takes place live. Any differences may be worth noting.

Betting Limits

As this isn’t a typical sportsbook, don’t expect the betting limits on Sporting Index to be usual either. The smallest trade you can make it just 5p in UK currency, while there is no upper limit to what you can win. This also reflects that your losses could exceed the stake you’ve placed on spread betting, so bear that in mind. You can, however, set your own limits to ensure responsible gambling, which could be invaluable in mitigating potential losses. Having that level of self-control is a very important consideration for this particular betting experience. It’s hard to quantify anything on the spread.

Conclusion

We’ve reached the tail end of our Sporting Index horse racing review 2020, so here are our final thoughts. This firm offer you a unique take on sports betting and, depending on your viewpoint, there are pros and cons to this experience. Forget about best odds guaranteed, if you like to bet on horses this is far from a traditional sportsbook and there are high risks for higher rewards than at a bookmaker. You need to either be a quick learner – to understand how betting on the spread works – or a seasoned punter to get the most out of Sporting Index.

If you want access to diverse customer service options and a good mixture of payment methods and are looking for something a little different on the gambling front, then Sporting Index ticks plenty of boxes. You can take your spread betting with you by downloading their app for free and the no deposit welcome bonus – provided you appreciate the risks attached to trading – also appeals. As long as you understand the concept of this type of betting, then it’s a great choice.

If you like to bet on the spread, then help us give Sporting Index horse racing a rating by joining Horsebetting.com for free today and posting a comment or review on this firm. It’s even more authentic than our expert analysis.

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