Spreadex - Sports Spread Betting

[Captain Turdseye]

Saw an ad banner on here last night, saying sign up and they’ll put a free £25 in your account. 

 

It looks dangerous and there are obvious pitfalls but has anyone done this before? Can you explain it in simple terms for a thick fuck like me? Share your experiences in this thread please. 

[Numero Veinticinco]

I can’t help. 

Hope this helps.

[Captain Turdseye]

That is very helpful. 

[Numero Veinticinco]

Just doing my bit CT. 

[Captain Turdseye]

Nah, forget about it anyway. They’ve activated my account, put the £25 in and they’ve just given me a call to warn me about the risks involved. 

 

I asked if if it was possible to move the free £25 over to the fixed odds part of the website and they said yeah. It’s impossible to lose any of your own money that way and they haven’t got my bank details anyway.

 

So there’s £25 in free bets there for anyone that signs up, waits for the phone call and asks for the bonus to be transferred over to fixed odds instead. 

[Nolongerathletic]

Quite common, generally it will be a free bet to the max value of £25. You set up your address details, may/may not ask for your card details etc at set up, but obviously if win you will need to provide. I would go direct to the site rather than banner click to check all bona fide. Use paypal or something more secure

Im no expert on spread betting but possibly is a serious way to lose quite a lot of cash, would stick to the normal sports betting sites to be honest.

With spread bets you are betting on an outcome rather than anything fixed, with normal bet you know how much you would win/lose, however its different with spread betting. The more right you are the more you win e.g. if the spread on a cricket team to was to score 200 runs and you think they will score more, then more they score more money you make, but if they only score 150 if you buy for £5 per point you would be down £5*50 =  £250 

Anyway, there is probably a few more experts on here that can tell you more.

[Elite]

There was a thing on profit maximiser about this where you could play one off against the other, sounded complicated as fuck though.