1. The offer is only valid to New Customers residing in the United Kingdom.
2. Entry Period: 01/01/2019, 00:01 (GMT) until 24/01/2019, 23:59 (GMT).
3. Eligibility: The offer is only valid to new customers who sign up with the referral code “TryJan” during registration and deposit a minimum of £10. The deposit must be made with a valid debit/credit card and spent to buy futures on Football Index.
4. Refund of losses: Customers who wish to receive a refund of their incurred losses during the above promotional period need to email [email protected] by 31/01/2018 and quote “TryJan”.
NOTE: For the avoidance of doubt, we will refund any losses up to £500.
Example #1
If you deposit £300, trade and decide Football Index isn’t for you, and have a liquidated portfolio value of £280 at the end of the promotional period, we’ll top-up your account balance with £20 to take your balance back to your original deposit amount of £300.
Example #2
If you deposit £2,000, trade and have a liquidated portfolio value of £1,900 at the end of the promotional period, we’ll top-up your account with £100 to take your balance back to your total deposit amount of £2,000.
Example #3
If you deposit £3,000, trade and have a liquidated portfolio value of £2,100 at the end of the promotional period, we’ll top-up your account with £500, the maximum amount eligible for losses under this offer.
Example #4
If you deposit £500, trade and have a liquidated portfolio value of £510 at the end of promotional period, you will not be entitled for a top-up as there is no loss to receive money back on.
5. Customers are required to liquidate their portfolio/o by instant selling all shares and contact customer support by 24/01/2018 23:59 (GMT). We will then top-up your Football Index balance for any losses and commission deducted up to £500.
6. Should you request a withdrawal during the promotional period (see point 2) you will no longer qualify for the offer.
7. Accounts who become closed, excluded or suspended during the promotional period are not eligible for the offer.
8. In the event of any dispute regarding the Terms and Conditions, the conduct, results and any other matters relating to this competition, the decision of the Promoter shall be final and no correspondence or discussion shall be entered into.
9. Duplicate accounts will not qualify for this offer. Football Index may determine at its sole discretion whether it believes different entries or accounts are connected to the same person, using whatever methods it deems appropriate.
10. Participants, whether individually or acting in a group, will be found to be in breach of these and promotional specific terms if the promoter at its sole discretion has reason to believe that a promotion has been abused, manipulated, or that irregular, fraudulent, collusive or illegal activity has occurred.
11. In the event of any breach of these or promotional specific terms and conditions or a participant being ineligible to participate in a promotion, the promoter reserves the right to take such action as it deems appropriate and in its absolute discretion, including but not limited to accounts closure, disqualification from the promotion, reclamation of bonuses or prizes granted, refusing all future promotions, withholding associated winnings and voiding associated stakes.
12. Events may occur that result in the promoter extending, refusing, reclaiming, cancelling, terminating, modifying or suspending a promotion, these terms and/or the awarding of prize(s) at any point and for any reason. These may be due to a third party’s illegal activity, technical difficulties and/or any other reasons beyond the control of the promoter and accordingly the entrant agrees that the promoter shall have no liability as a result thereof.
13. The promoter disclaims any liability for inaccurate information, whether caused by the website, users, equipment used in a promotion, or by human or technical errors related to the submission of entries.
14. All withdrawals will be subject to audit by Football Index. We reserve the right to reclaim a Bonus and any winnings and/or close an account in a situation of obvious abuse or fraud.
15. All promotions are limited to one per person, family, household, email address, IP, telephone number, same payment account number (e.g. debit or credit card), and shared computer, e.g. public library or workplace.
16. BetIndex may at any point before, during or after the promotion, ask for verification documents such as passport or ID to verify your identity, age and residency. If you are unable to produce such documents you will automatically be excluded from the promotion and will forfeit any prizes that have already been allocated or awarded to you, without compensation.
17. The offer may not be claimed in conjunction with any other promotion(s) currently offered by Football Index.
18. We reserve the right to amend any promotion or bonus offer and its terms at any time, including the cancellation of the promotion.
19. The promoter of this promotion is BetIndex Limited, registered in Jersey under the number 119040 and having its registered office at Maxwell Chambers, La Colomberie, St Helier, Jersey, JE2 4QB.
20. General Football Index Terms and Conditions and Game Rules apply.
Jon
can you also use this route?
Bet £10 @ 14 (which becomes 42) so £420 if it wins
Lay £10.41 @ 13.5 which means a £130.12 liability
Jon
Sorry a continuation;
If the horse wins you get £420 minus the £130.12 you’ve lost on Betfair = £289.88 profit
If the horse loses you lose your £10 bet but win £10.41 on Betfair minus your 5% commission is £9.88 so loss of £12p.
The above is using the horses you selected, by going for a horse which is more favoured to win (ie smaller odds) you’ll obviously get a smaller profit if it wins but it’ll be much larger than the £20.37 you’ll get going with you method.
Your method does guarantee a win though. Let me know if I’ve done something stupid in my methodoligy.
Matt
Hi Jon, your strategy is fine if that’s the way you want to play it. All you’re effectively doing though is gambling your £20.00 guaranteed profit on a 14/1 shot to win £280.00+.
The way I see it, if you put £20.00 on 4 different horses at 3/1, on average you’ll win £60.00 once and lose £20.00 three times and therefore break even.
The beauty of matched betting is that we can make risk-free profits and beat the bookies so I’d be banking the £20.00 profit every time, but as long as you cover your stake and you don’t stand to lose money, there’s no reason why you can’t play it that way mate.
Owen
How do you calculate how much you lay on this deal? Can’t quite get my head round this one?
Matt
Hi Owen. You just need to work out your treble odds. Then all you need to do is enter your treble back odds and the exchange lay odds into the matched betting calculator to get your lay stake.
hitesh
hey from last 10days i m struggling to bet on horses but i cant bet because i m not understanding how to bet.it will b grateful if u help me
Matt
Please contact me via my contact form for general matched betting queries…
Richard
Managed to back Alfahad at 12.30 lingfield for 17.00 so 49.00 in effect and layed it off pre race at 4.00. Get In!!!!!!! I was about to lay at 15.00 and the odds fell through the floor!