Interactive wagering? Please explain

[Junior44]

Cons...

I went to the link that you listed and found it quite interesting. Have you yourself played with them? If so, what are your impressions of them. Mainly interested in sportbook criteria: payouts, cust serv, credibility, etc.

Also, if anybody else has any experience, positive or negative, I would much appreciate the feedback.

Thanks in advance,
Jr44

[Junior44]

Thanks for all the responses........

[Cons]

Junior, technically speaking (as to not offend any of the books on the left), Sportingindex is more credible than any of the books to the left. Not only are they licensed/based in England (best place to be licensed worldwide), they are regulated by the SFA. They should even have mention of this on the web site.

What this means is that they are regulated in the same way as stockbrokers. I use a different index company which doesn't take bets on US sports, calleg IGIndex. But Sportingindex is probably the biggest one here.

But remember spread betting is risky, as things can go either way very fast. It's very volatile, so I'd be careful at first. But if you like spread betting, then these guys are the best in the business. You might also want to check out that other palce (WSEX?) and see their options.

[Hartley]

There's still a big difference between spread betting and interactive wagering the way WSEX does it.

[Cons]

There's also a big difference between the safety WSEX can guarantee and that of Sportingindex. There's no comparison really... none at all... WSEX can't guarantee anything at all, while Sportingindex has a guarantee as big as the London Stock Exchange.

I can't talk about the specifics of the bets available, as I don't bet on US sports. But both are worth a look I'm sure.

Spread betting is similar to what WSEX offers, though both are probably not the same. Still, it's worth checking out both and seeing what one wants. They're both interactive, and if that's what you're looking for them you've found the right places...

[AussieVamp2]

Hartley, the WSEX are
points index type spread bets of a different variety

[Hartley]

Cons you're right, but safety has nothing to do with the fact that the bets are different.
If I say that I'm thinking of leasing a mini-van because my family is growing and I am thus considering leasing a Windstar. You may point out to me that a Volvo is a much safer vehicle. Of course you would be right, but it's irrelevant if I'm looking for a mini-van.

I don't have stake in either place so I could care less, but the fact remains that interactive sports wagering at WSEX is different than spread wagering at sportingindex. As well sportingindex probably would concentrate on different sports than WSEX.

[Cons]

I would recommend to people to check out both places. I believe these two companies are the only ones that offer this type of wagering experience.

It's also tough to know what one is looking for in this type of betting. My experience has been that of trying it out and finding new types of bets that I previously haven't thought possible.

There's an entire world out there when you look at spread betting, and I'm sure WSEX has it's fair share of options as well.

Junior asked about payouts and credibility, so it's only fair for me to add that Sportingindex is regulated as highly as the London Stock Exchange itself. No book even comes close to that level of credibility, but on the other hand if they don't deal with spread betting (which under British legislation is treated on par with financial operations on the stock market), then they can't be SFA regulated. So it's not like the other books wouldn't even want to, it's simply that they can't.

BTW, it's my 1,000th post...

[Hartley]

>>BTW, it's my 1,000th post<<

Congratulations .

FWIW, I'm closing in on 4,000 and am essentially uncatchable.

I feel just like Nolan Ryan .

[natty]

Mabye its just because its real late and I'm trying to watch the Natty Bearcats and read at the same time but...what is the difference between these two interactive sites? I know what WSEX offers as Hartley explained it well but what about this sportingindexusa? What are they about now in laymans terms?
Congrats on your 1000! and Hartley...your like my Toyota...still typing strong after 3000!
Late..
Natty

[Cons]

Hey, Jap cars are second rate...

Hartley's more like a German car, a Mercedes, with high mileage but still as reliable as ever.

Check out the Sportingindex site, I believe they explain everything there quite well. In essence, you take a team say to win by five points (kind of like -5), and you choose a stake. If they win by the exact 5, it's a push. But for every point above that you multiply that by your stake. So if they win by 15 then you win ten times your stake. Same applies to losing bets. So until the last throw of the game you don't know exactly how much you'll win or lose.

In essence, the more you're right, the more you win. And vice versa.

The juice is also embedded in the spread, so all bets are at evens. Say the spread is at 9-12. You can either take the favourite at -12 or the underdog at +9. So you see how the juice is in the spread itself. I don't know if it's three points or less (or more...), but you get the picture.

You can also close your position at any time. Say you take the favourite at -12. It's midway through the game and they are well ahead by 22 points, and the live spread is now 20-23. When closing out you use the lower figure (if you bet on the favourite), so 20 minus 12 would give you 8 times your stake.

Check out the web site. It should explain it very clearly. The idea is, like I said, that the more you're right, the more you win. But you should also reduce your stake as it's very volatile.

[Cons]

Forgot to add that you can't close your bets on any game, but only on live games. You have to check which games will be carried live. On those games you can open and close positions at any time. On some events you might only be able to open/close positions at intervals (ex halftime).

Check out the web site for further info.

[natty]

Thanks bro , I'll check it out. Just curious , whats the most you won and the most you lost with them?
how long have you used them and have you had payouts? Thanks again..
Natty

[Hartley]

It does sound like interactive wagering to a degree. But what sports do they offer aside from soccer? I do remember somebody mentioning to me about F1 and Golf.

For F1 they set a spread on the points a driver will receive and to win they have to finish outside the higher spread and the more points they score the more you win. But if they are outside of the points you lose all units multiplied by the higher spread. So for example Michael Shumacher may have a spread of 3-5. In this case (with F1 having points distributed as (10-6-4-3-2-1), if Shumacher wins, you win 5 units (10-5). If he finishes second you win 1 unit (6-5). If he finishes 3rd you lose 1 unit (4-5). If he finishes 4th you lose 2 units, 5th 3 units, 6th 4 units and if he is worse than 6th you lose 5 units. Golf I believe works on an overall finishing position. So Singh may be (35-45) meaning that for each position better than 35th he is you win 1 unit and for each position worse you lose 1 unit. I believe the 1 stipulation is that you can set a limit as to how much you want to lose (similar to action points), so that you won't lose 100 units if he finishes 144th.

[AussieVamp2]

if you want some really volatile betting, how about test match run betting for a series, a couple of thousand possible there

cricket, rugby, NFL, horse racing, greyhounds, etc., etc. is what I have seen spread betting on