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Glorious Goodwood – Spread Betting Latest

This week’s Glorious Goodwood Festival Meeting is one of the jewels in the sporting calendar, and the spreads on offer from city bookmaker Sporting present a different dimension to your punting.

As well as allowing you to back your favourite to do well, spread betting allows smart punters to lay runners that they don’t fancy. No other company runs as many spreads markets as Sporting Index, or even offers spreads on every race, so it is clearly worth taking a closer look at what they are offering.

They also offer a choice of £100 free cashback or a £25 per length spread bet for all new clients, which is about as generous as you’ll ever get from a bookie.

Words of the Wise

Looking ahead to the Stewards’ Cup on Saturday, we grabbed a minute with the senior trader at Sporting for his opinion on how it could pan out: “Clearly, the final field has yet to be determined, but there are a couple of names which stand out for the wrong reasons. Coconut Penang has only ever won twice, and the last of those victories was over 2 years ago. I just can’t see him placing this time and I’ll be selling him.

“Another Stewards’ Cup runner to bet against would be Dazzling Bay. All of his form comes from straight flat tracks, and his headstrong nature suggests that he could struggle with the undulations of Goodwood. Obviously anything could happen, but I wouldn’t back these two myself”

50 / 25 / 10 Race Index

A Race Index is a bet on the performance of a horse, which awards points according to its finishing position. For example, in a race like the Sussex Stakes, the points structure is:

1st = 50 points
2nd = 25 points
3rd = 10 points

All other places are awarded zero points, and in a market like this you are able to back or lay a horse.

So, for the Sussex Stakes Race Index, the initial spreads for the top horses are:

Refuse to Bend   19 – 22
Soviet Song        17 – 20
Haafhd                16 – 19
Antonius Pius       6 – 8

Consider Soviet Song, who has shown good form in her last few races. You may believe that this run of form is about to come to an end, so you lay her by betting low (Sell) at 17 points.

If your instincts are correct and she is not placed, then she would not be allotted any points. So if you had bet low, for say £5 a point, then you would win (17 – 0) x £5 = £85. Even if she came in third, ie getting 10 points, you would still win (17 – 10) x £5 = £35.

On the other hand, you could be wrong and she finishes in second place with 25 points. As you had bet low at 17 points, then you would lose (25 – 17) x £5 = £40.

Obviously you can still back horses, so if you think the favourite, Refuse to Bend, will do well then you would bet high (Buy) at 22 points. If he goes on to win the race, and again we bet £5 per point, then you would win (50 – 22) x £5 = £140.

Free £25 per length bet

The above is just one example of the huge range of markets available through Sporting Index. As mentioned above, they are currently offering a very generous £100 cashback to all new clients, after you’ve placed just ten bets. Alternatively, the £25 per length Match Bet could earn you even more free money. A match bet is a prediction of the distance between 2 horses when they cross the line, so a 10 length victory could bag you £250!

Sounds good to us! To find out more about the above offers and open your account, click here.

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