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Spread betting sign up offers

Just wondering if anyone has done any of these and could share advice/tips?

For example, spreadex are doing a sign up offer whereby if you have £500 of stakes wagered you qualify for a free iPad Air 32gb (these are selling for ~£500). Others are doing £100 cash back once you stake a certain amount.

Taking the first game I saw as an example – total goals in the Barcelona game you could sell at one site for 3.6, and buy at another for 3.8. £50 per goal means a £10 qual loss no matter the result (50 x 0.2). Doing this 10 times means £100 loss, then you qualify for £100 cash back and an iPad.

Am I missing something obvious here? Seems like a good offer outside of the traditional bookmaker market that could be exploited

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nate
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May 22, 2016 at 9:11 pm

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Dave_Jones 7 May 22, 2016 at 10:36 pm

nate, I don’t remember reading any posts on here regarding spread betting, but I am sure there is a thread over on the MSE about it. I think some people once they have used up all the bookies and being gubbed everywhere move on to so some of the spread betting offers. I will probably do this myself when I eventually run out of bookies.

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chris 1 May 29, 2016 at 6:21 pm

It looks as though only certain markets are allowed for the iPad offer with buy and sell odds like 38 and 41. So in that case wouldn’t it cost 3*£500=£1500 to qualify for the iPad? Could someone clarify this please.

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CashedUp
Blocked
44 May 29, 2016 at 6:35 pm

I’m on this, like a herpes rash.

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Christyben 0 March 7, 2024 at 10:05 pm

I’m interested in this, got a load of £5 spread bets for ‘free’ but I don’t understand how to use them, if anyone can point me in the right direction

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