Sporting Index is one of the most popular online betting sites in the Australia, boasting approximately 70% market share in the Australia spread betting industry.
Indeed, they major in spread betting and offer other betting products like politics, sports, virtual games, showbiz events, and more.
Far from the swarm of newly registered sportsbooks around, Sporting Index is one of the oldest patrons of the online gamblings space.
Specifically, this online betting company was founded in 1992 and is headquartered in London. This bookmaker is owned and managed by Sporting Index Holdings Ltd., the parent organization of the Sporting Group.
They also offer Business-to-Customer financial betting services and Business-to-Business risk management and trading services.
Reliability and safety
Not only is this provider known for having a large stake in Australia spread betting, but they are also a reliable platform to place bets.
Sporting Index holds licenses from the Financial Conduct Authority and the Australia Gambling Commission. These regulatory bodies monitor the activities of Sporting Index, ensuring that Sporting Index meets the governing regulations to treat all customers fairly and equally.
Sporting Index also has a bunch of security measures put in place. They use the latest Secure Sockets Layer (SSL) technology to encrypt all communication from your web browser to their web server. With this technology in place, you are assured that your personal data, account, and card information are safe from hackers.
To add, this bookmaker also uses Datacash, one of Europe’s most secure e-commerce payment solutions. They also function according to the Australia and European data protection regulations.
Also, this bookmaker partners with begambleaware.org to ensure you always bet responsibly.
How to open and verify your account
To simply open a Sporting Index account, visit the official website. Click on the ‘Join Now’ button on the top right corner of the screen.
Next, you would land on the registration form. The account opening process has a batch of forms requesting information ranging from your personal details to address to employment status and account details.
After submitting your form, your new account will be pending as it will be played under review. The review team will contact you if they deem you fit for an account.
If you pass the review, the next thing to do is verify your identity. You might be prompted to provide proof of identity (government-issued ID, passport, or driver’s license) and proof of address (most recent utility bill or bank statement).
These are basic KYC procedures that ensure discourage new players from engaging in financial malpractices like money laundering.
Sporting Index welcome offer | Promo Code get £100 for every friend
This betting site offers a 50% cashback spread betting welcome offer to all new Australia customers. This promotion is only available to new customers who open an account from the Australia, and here is what you need to claim the Sporting Index sign-up offer.
This cashback promotion will give you back 50% of all the losses you have made within 7 days of opening your account. Only spread bets placed and settled within Australia races count as qualifying bets. Outside this ambit, qualifying spread bets placed will not count.
The highest amount you can get back (on your net losses) from this welcome bonus is five hundred pounds. Here is how the The max cashback £500 works.
For example, if you made a total of £400 losses on all your bets within 7 days of account opening, you will get a £200 refund (valid for 7 days).
But if a new customer suffered cumulative net losses of £1,200 within 7 days of opening your account, they will only be getting back £500 cashback instead of a £600 cashback on net losses.
Remember that any bet do not qualify for this promo if they are settled after the 7-day mark. All sports events qualify for this offer except for virtual spread games and closed, partially closed, or reversed bets.
This sign up offer is only meant for one customer, IP address, device, and account.
Sporting Index reserves the right to withdraw or terminate the promotion if they suspect you have multiple accounts. You don’t need a Sporting Index promo code to activate this offer.
Sporting Index Double Result Free bets
With this offer, if your horse passed the post first but was later demoted to a lesser position before the ‘winner alright’ and ‘weigh in’ was checked, you would still be paid as if you were the actual winner.
Of course, the double result offer helps you get the most out of your horse racing bets. This offer only applies to the Australian’s horse racing.
Also, this offer applies to different kinds of bets, including enhanced win bets, singles, multiples, win bets, each way, and cover bets.
But there are exceptions too. The double result offer will not apply if you place an Ante-Post, Forecast, or Tricast bet. Also, you will not earn the offer if the race is rendered void, the runner takes the wrong course, the jockey does not weigh in, or the horse carries the wrong weight.
The offer will also not be applied if you placed a match bet or a two-runner race and if it is the Aintree Grand National race. Of course, full terms apply (as to which races are eligible) so we encourage you to explore the bookie’s site to be adequately informed of all the t&cs you need to know to maximize this offer.
Quite an unusual name for a promo, isn’t it? The Sporting Index sportsbook unlucky bonus comes in handy when your Lucky 15, Lucky 31, or Lucky 63 multiple bets settle with just one winner. Note that bets must be placed on designated events, as doing contrarily excludes you from this offer.
With the Unlucky promo, you can get two times the odds size of the winning selection and make extra money to soothe your losses.
To partake in the unlucky bonus offer, you must make a qualifying bet in either correct score football, horse racing, or greyhound racing.
The offer will not apply if any other winners are on your Lucky bet. Bets placed on virtual racing events do not qualify for this package.
Again, the Unlucky freebie package will not be activated if you use a free bet. Finally, remember that payments from this free bet will be paid to you based on your winnings and not your stakes.
Bookmaker Enhanced Price Offer
This site offers spread betting customers enhanced prices across various sports, including football, horse racing, and other sporting events. They offer enhanced prices to both singles and multiple bets.
You can enjoy an enhanced price bonus on multiple bets, which could be a double or treble bet. For example, let us say you bet £10 on an event, this betting provider can shoot up your wins.
If you have placed a multiple bet during the period of an enhanced price but had a non-runner in your multiple bet, the enhanced price will be canceled.
Also, having a non-runner in your treble bet would automatically degrade it to a double bet. When degraded, the winnings will be based on the original advertised price rather than an enhanced price.
Sporting Index cash-out offer
This sportsbook offers a cash-out feature that lets you lock in on your profits right on time before they are lost (in the event of an unfavorable game outcome).
This can come in handy when you are looking forward to cutting your losses. On the other hand, using the cash-out feature can also mean you limit yourself from earning a better payout at the end of the game.
Using the cash-out feature is easy. All you have to do is check for the cash-out option on a running bet (as this is not constantly available on all bets).
If Sporting Index offers you a cash out on that game, the cash-out option will appear, showing you how much you can take away if you decide for your bet to be settled before the end of the game.
The cash-out feature is also useful when an unplanned event is rolling out, like sudden unfriendly weather changes, injuries, accidents, etc.
With the cash-out feature, you can react immediately by deciding to pull out the fraction of the winnings you have made so far.
You can use the cash-out feature on all the sports events.
How spread betting markets work on SportingIndex
To maximize your earning opportunities from the bonus offers, you need a strong understanding of spread betting and how it works on this betting platform.
Here, you only have to speculate and bet on whether the price of an asset will go up or down using the price difference that the broker offers.
This is quite different from the conventional wagers online betting sites offer Australia customers.
Sports spread betting on Sporting Index involves several sports events being priced and offered to you at a buy-and-sell price.
In simpler terms, we would say that choosing to ‘Buy’ a sports market means you agree to the broker’s predictions. And choosing to ‘Sell’ a sports market means that you disagree with the broker’s prediction of a sports market.
So, if you decide to buy a sports market at the offer price and the predictions come out right, you will continue to make a profit if that prediction remains true.
On the other hand, if you decide to sell a sports bet at the offer price and the predictions come out wrong, you will continue to make a profit if that prediction remains false.
For instance, in the football space, let us assume total goals with a 2.9-3.1 goal range in a fixture. If you expect less than 2 goals in the match, you have to sell at 2.9.
And if you expect more than 3 goals in the match, you buy at 3.1. Let’s say you buy at 3.1 and bet £50, with the game ending with 4 goals with a spread difference of 1.9.
This means you had a profit of £95 (1.9 spread difference x £50 = £95).
Deposit and withdrawal methods
This betting site offers a range of deposit and withdrawal methods, including bank transfers, credit and debit cards, Datacash, and e-wallets.
Cards and e-wallets usually have the fastest processing time (24 hours), while bank transfers can take 1 – 3 business days to process payment.
E-wallets like Skrill, PayPal, and Neteller are usually popular options. Visa and Mastercard cards are also swift to use.
But if you would be making a deposit using a bank transfer, you must contact customer service to demand Sporting Index’s official bank account number. You may also have to send in proof of payment.
On every payment method, there is a £10 minimum deposit. While there are no minimum and maximum withdrawal limits, this betting platform lets you set deposit limits.
This online betting provider has placed payout limits that limit you to a maximum figure you can earn from the platform daily.
In a day, the highest you can earn is £500,000. The extra earnings will be forfeited if you have made more than £500,000 in a day.
And if you have running bets after reaching the £500,000 mark, all the running bets will be made void.
Sporting Index also restricts you to having a £50,000 payout mark on a specific game daily.
And a £100,000 payout limit for all the games you can play in a category. On the other hand, the sports fixed odds bets have a range of payout limits according to the different sports.
For instance, the payout limit for American football is set at £250,000, baseball £100,000, £100,000 for basketball, £250,000 for cricket, and so on. Even when your stake gives you a payout over £500,000, you won’t be able to withdraw more than the stipulated £500,000 mark.
Website and app review
You can access the Sporting Index bonuses readily from a desktop web browser or mobile app. The mobile app supports Android and iOS and a range of devices, making its super-easy to place sporting index bets.
Both the desktop and the mobile app offer the same bonus products and services. The only difference will be that the desktop site is not responsive when the screen is shrunk.
On the other hand, the mobile offers fewer view aspect ratios.
The website uses a solid navy blue color for its background. The texts are white and other elements like buttons and banners are light blue. Elements are neatly spaced, but texts could look jam-packed and strenuous.
In all, everything seems to be working well, and the load time is pretty fast. Of course, we would love some improvements in the website design.
The website has an outdated look which could give off a negative impression of the company.
Responsible fambling and how they affect bonuses
Sporting Index offers a range of on-platform and off-platform functionalities and services to help you bet responsibly. One function you can find on the platform is the time-out function.
With the time-out function, you can set a timer for when you want to take a break from betting.
You can freeze your account for a day, a few days, or weeks. Whichever time frame you choose, you won’t be able to place or close running bets. Within this interval, bonuses you have Skybet could become invalid if you are yet to return within the bonuses’ expiry date.
To activate the time out function, contact customer support and request a time-out.
You can apply for self-exclusion if you prefer a more prolonged duration like 6 months or 5 years. Applying for self-exclusion will restrict you from using any service this bookie provides, including their regular bonus rollouts and promotional offers.
Also, any balance in your account will be returned to you.
Sporting Index is also partnered with GAMSTOP to help you through self-exclusion.
If you struggle through the self-exclusion process, Sporting Index advises using GAMSTOP’s self-exclusion service.
How good are Sporting Index odds?
For us, sweet bonuses are not absolutely worth it if a bookmaker’s odds are discouraging.
This bookmaker offers competitive odds even beyond the Australia sports sphere. They are known not only to provide the most competitive odds in the horse racing space but also in other sports events as well. This is expected because they are among the most revered in the Australia.
Besides offering enhanced odds, Sporting Index’s odds are on par with other strong competitors in the online betting industry.
For instance, in the football match between Torku Konyaspor v Adana Demirspor in the Turkey Super Lig, Sporting Index had a 5/2 draw figure, just as SkyBet, BetFair, and BetVictor offered.
Sporting Index FAQs
How do I deposit funds by bank transfer?
To deposit funds by bank transfer, you must contact a customer support agent and request the company’s account details. You may need to send back your proof of payment to verify your payment.
I have forgotten my login details, what should I do?
To reclaim your login details, go to the homepage and click on the hypertext that reads “forgotten account number/password.” You will be taken to a page to fill out a form that only asks for your surname, email, and age.
What is the minimum stake?
The minimum stake you can make on Sporting Index is £0.05. But certain market and bonus requirements might prompt you to make a minimum of £0.10 stake to qualify for an offer.
Why is my card payment being declined, and how can I resolve it?
Your card payment can be declined because of several reasons:
- Be sure that you are inputting the correct card details.
- Check that you are not trying to make a deposit using a credit card.
- The problem can originate from the card providers.
Can I be sure the Sporting Index website is secure?
This betting provider’s website is secure because it uses 128-bit SSL encryption technology to safeguard sensitive data. This means that data thieves cannot breach all data you input into the system.
Is spread betting better than fixed-odds betting?
Spread betting offers an opportunity to keep on earning from your bet as long as the predictions are true. On the flip side, fixed-odds betting will only give you a fixed payout no matter how long the predictions have been true.
Does Sporting Index offer cash-outs?
Yes, this bookie offers the cash-out feature to help you take advantage of a winning bet and cut losses. The cash-out feature automatically appears on all qualifying bets.