Sporting Index

Sporting Index

October 28, 2011 10:43 ET

Sporting Index Fear Another Glut of Goals in City v Wolves Part II

Spread Betting Punters Hoping for a Repeat Windfall After Manchester City's 6-1 Rout at Old Trafford

LONDON, UNITED KINGDOM--(Marketwire - Oct. 28, 2011) - Along with Manchester United, Sporting Index took a hiding last weekend – but it was good news for those spread betting punters who bought goals, goal minutes and shirts in the Manchester derby. Manchester City won 6-1 in a shock victory over their Manchester rivals, costing Sporting Index an estimated £250,000.

The City goal machine was again firing on all cylinders on Wednesday as the side, managed by Roberto Mancini, beat Wolverhampton Wanderers 5-2 in the Carling Cup. The two clubs meet again this weekend and Sporting Index's traders are running scared. They quote total goals at 3.5-3.7 and City's supremacy (winning margin) at 2.4-2.6.

Sporting Index allow punters to bet higher or lower on total goals and goal minutes (so if a goal is scored in the 5th minute and the 26th minute, the market makes up 31) among others. The majority of people buy these markets so generally, the more goals and the later those goals, the more Sporting Index is required to pay out. Their prediction for total goal minutes in the United v City fixture was 138-148, but it was settled at a huge 501. Anyone who bought (bet higher) at 148 made a profit of 353 times their original stake. In other words, a £10 buy returned £3,530!

Shirt numbers (aggregate shirt numbers of all the goalscorers) was another extremely profitable market for buyers at the opening quote of 48. The market made up 171, mainly due to two goals from explosive striker Mario Balotelli, who wears the number 45 jersey.

These have not been the only freak results to hit Sporting Index this season. Spread bettors enjoyed huge rewards from the Red Devils' 8-2 win over Arsenal earlier in the campaign, which became the spread betting firm's most costly Premier League fixture ever. On the same day – one that became known as 'Black Sunday' among Sporting Index's football traders – Manchester City beat Tottenham 5-1. It was estimated that each of the 13 Manchester goals cost Sporting Index £75,000, meaning a total of just under £1million made its way to the accounts of Sporting Index's sharpest punters on these two matches alone.

"We're not even into November and already there have been quite a few Premier League shockers for us," comments Sporting Index spokesman Wayne Lincoln. "Now, any time Manchester City or Manchester United take to the field, our footy traders fear the worst."

Selected Sporting Index spread markets
Manchester City v Wolverhampton Wanderers
Manchester City/Wolverhampton Wanderers 2.4 - 2.6
Total Goals 3.5 - 3.7
Manchester City Win Index 22 - 23.5
Wolverhampton Wanderers Win Index 0.5 – 2
Total Goal Minutes 177 – 187

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 football spread betting, cricket spread betting and rugby 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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