Features
Oddschecker is packed with features designed to make online betting easier and help you make better bets...
Spread Betting
Oddschecker has developed a unique way of comparing Spread Betting prices to fixed odds prices from the conventional bookmakers. So, you always know whether it's more profitable taking a fixed price, or buying on the spread.
A spread betting firm like Sporting Index makes predictions on various aspects of sporting or topical events. You then decide whether that prediction has been pitched too high or too low.
You will notice that predictions are presented in the form of two prices. This is a range known as the 'spread' and you bet low (also known as a 'Sell') at the first named price and if you wish to bet high (also known as a 'Buy') you would do so at the second price.
For example, if someone asked you to guess their age, you might say 'somewhere between 35 and 38 years old'. In the same way, when we make a prediction, we allow a range. If you were betting on this prediction you would bet low at 35 years or bet high at 38 years.
How does it work?
What you win or lose depends on the stake size you choose and how right or wrong you are. Sporting Index might predict that the 1st goal in a match between Arsenal and Manchester United will be scored in the 36th minute and consequently set a spread of 35 - 37 minutes.
One client who believes there is bound to be an early goal goes LOW at 35 minutes while another who thinks that both defences will be at their best goes HIGH at 37 minutes. If the 1st goal is scored in the 25th minute, the client who went LOW at 35 minutes wins 10 times his stake (35 minutes take away 25 minutes = 10) while the client who went HIGH at 37 minutes loses 12 times his stake.
Horse Racing Spread Betting
In the example below, the 'Index' is 50,25,10, which means that a horse gets 50pts for first place, 25pts for second place, 10pts for third place, and zero points for fourth or worse. So, if you buy Maltese Falcon at 8 with the suggested stake (£1.25) and the horse wins, you will make 42 times your stake in profit (£52.50). If it comes second you'll make 17 times your stake (£21.25), if it comes third you'll win 2 times your stake (£2.50) and if it is unplaced you'll lose 10 times your stake.
It's prudent to allow for the worst case scenario with spread betting. Our comparison works by telling you exactly how much you need to stake (see the "Stake (£)" section of the table) to limit your losses to a maximum (equivalent to the each way stake you have entered). See how the returns from a spread relate to the best fixed odds equivalent (a £5 each way bet in our example) in the "Returns Calculator: Spreads/Fixed" section. The top values shown in each section of the returns calculator relate to the spreads and the bottom the fixed odds.
Types of Accounts
Sporting Index operates two different types of account. Please note that before opening an account they will carry out credit and suitability checks. Please check our website for details about an account and the various terms and conditions.
a) Credit Account
Unlike a deposit account, opening a credit account allows you to place a bet without depositing funds to cover your potential loss. This account gives you the flexibility to bet within your chosen credit limit.
b) Deposit Account
With a deposit account you can only bet against a sum of money deposited by yourself.
Stop Loss Option
Whatever account you choose you can elect to have a stop loss facility. Stop Loss offers you the chance to spread bet with the added security of limiting risk. Every bet placed is subject to a maximum stop loss and stop win. This means you will know the most you can win or lose every time you place a bet.