Spreadex

  • Anyone heard of them?

    Sportsbooks looks to have ok odds.

    They seem to be giving away an ipad worth £600 as a new account offer.

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    betman 41

    They are primarily a spread betting company.

    The free iPad requires staking on certain spread betting markets ….. £500 staked on markets where the liability would be several multiples of that
    I think there’s a way but it would be capital intensive, on my radar to look at further.

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    bbobb 24

    I was thinking that if you also had a SportingIndex account you could find a market that has the lowest volatility. Buy and Sell the same market and you would only lose the spread (do they charge commision?). You might be able to get an ipad for pretty cheap.

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    betman 41

    The spread is a couple of points though so is going to cost more than an ipad across £500

    possibility a) find markets with different middles where you have no spread then, I found one but need to see if there are more as the liability on one £500 would been stupid… it Was a darts highest checkout spread!

    possibility b) dutch against handicap or over/under markets with other bookies. No idea if you’d find a match but I think the theory could work.

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    MonkeyTennis 3

    Also on my to do list, I’ve often thought you could sell favourites in racing, then depending on how the meeting goes, lay off liabilities in the rest of the races. But I suspect the liabilities make this unattractive.

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    betman 41

    this might be beyond me……
    so I found an overlapping spread to buy/sell at the same price. I ‘Just’ put £300 into each account to make sure my first trade was right and was allowed a £3 unit stake from there.
    That means you’d need 100k spare to get the ipad in one trade!!!

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