Sporting Index

Sporting Index

August 27, 2011 02:30 ET

Growth in Tennis Spread Betting Leads Sporting Index to Expect Record U.S. Open

Interest in Andy Murray to Contribute to Busy Period for Tennis Traders

LONDON, UNITED KINGDOM--(Marketwire - Aug. 27, 2011) - The final tennis Grand Slam event of the year, the US Open, begins on Monday and spread betting firm Sporting Index are predicting a busy fortnight.

Tennis has never been so popular among spread bettors according to Sporting Index's tennis traders, who have seen huge growth in the number of spread bets placed on major tennis tournaments. A record number of bets were taken during Wimbledon earlier this summer.

Despite the time difference causing some of the US Open matches to be played at unfriendly hours, Andy Murray has given British interest a boost due to his recent victory at Cincinnati. With a question mark still hanging over the participation of current world number one and Wimbledon and Australian Open Champion Novak Djokovic, the Scottish world number four has an outstanding chance to win his first Grand Slam event on what is considered is best surface. He reached the final at Flushing Meadows in 2008 and has made the final at the Australian Open, also played on a hard court, for the past two years.

Punters, as ever, will be eager to challenge Sporting Index's outright predictions, by buying (betting higher) or selling (betting lower) indices attached to each player according to how far they are expected to progress in the tournament.

In addition, a great deal of markets, both pre-event and in-play, will be made available on every men's, women's and doubles match during the tournament. Punters will be able to bet on the number of games in a match, the game supremacy (how many games one player will beat another by) and the match supremacy, where points are awarded for winning the match plus bonus points per set won by.

"Wimbledon seems like a long time ago now and tennis spread punters are itching to get stuck into our outright markets for the US Open men's and women's contests," comments Sporting Index spokesman Wayne Lincoln. "Of course, we'd never expect the same volume of bets on the American Grand Slam as we would for Wimbledon, but this year interest is higher than it has been before and we fully expect it to be our busiest US Open ever."

Please visit www.sportingindex.com for a full list of US Open spread betting markets as and when they are made available. Sporting Index is regulated by the UK's Financial Services Authority.

About the Sporting Index Group

The Sporting Index Group is best known as the world's largest sports spread betting business, offering the widest range of markets and taking some of the largest bets on sporting events around the world. Markets include tennis spread betting, cricket spread betting and football spread betting.

The Group has 180 staff, all based at its London HQ. It is privately owned and is the undisputed world leader in sports spread betting, dominating the global market with an estimated 80%+ market share. Today it makes thousands of markets on upwards of 500 events every week, offering the sports fan the opportunity to bet on a wide variety of sports, political and showbiz events, as well as on a portfolio of unique virtual games. Clients transact via its websites, award winning mobile phone applications, and a 24/7 voice telephony service. Sporting Index's B2C business continues to grow in the face of a fiercely competitive online betting market.

At the heart of the business is a world class trading, modelling and liability management capability that is widely acknowledged as amongst the best in the global betting market. The Group combines the latest technology with unrivalled trader expertise to service its core sports spread betting clients as well as an increasing number of wholesale customers who rely on the company's fixed-odds in-play pricing data to underpin their own sportsbook operations via the Sporting Solutions brand. This has quickly established itself as a leading data provider with a number of flagship betting brands signed up.

Sporting Index is authorised and regulated in the UK by the Financial Services Authority and the Gambling Commission.

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