Ten Reasons to Use Sporting Options
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1.Better Odds:
Sporting Options offers an exchange betting
facility where clients of the exchange place and match bets with each
other anonymously. Clients may take the best available odds on the
exchange for their bet or can request better odds. Such a market system
effectively generates much better odds for clients than conventional
bookmakers can offer.
2.Ability to Lay:
Sporting Options allows clients to offer
their own odds on selections not winning an event. This process known as
‘laying’ has traditionally been the preserve of the bookmaker but
through our advanced software you can ‘lay’ your own prices against
events occurring. An exchange system is particularly useful in ‘laying’
prices on a horserace, as the client is only required to have enough
money in his account to cover his worst-case exposure and yet he may
actually ‘lay’ several horses in a race.
3. In-Running Betting:
Sporting Options will frequently offer
‘In-Running’ betting markets on horseracing and all other live televised
events. During such markets you will be able to bet on the changing
fortunes of your choice throughout the event. Such markets will be
indicated by the 'running-man' graphic. In-Running betting markets are
very exciting and can fluctuate dramatically so the speed of placing
your bet will be important. Sporting Options is the first company to
offer ‘In-Running’ betting whether a race will be won by more or less
than a certain distance.
4. Competitive Rate of Commission:
Sporting Options will charge either 3%, 2%
or 1% commission depending on the client’s betting turnover. Commission
is only charged on a client’s net winnings on an individual betting
market. If the client is a net loser on a market then he pays nothing.
5. Multi-Lay:
Sporting Options has a ‘Multi-Lay' feature
that allows you to ‘lay’ multiple bets in a single process. To use this
facility you would select your maximum payout and your odds for each
selection in a betting market. 'Multi-Lay' will automatically calculate
the various backers stakes you would need to ‘lay’ in order to achieve a
proportionate set of prices. The system also calculates the guaranteed
percentage return associated with your chosen prices. Please see the
‘Betting Help’ for a more detailed description of Multi-Lay.
6. Easy to Use Betting Templates and Accounts:
Sporting Options has taken great care in
designing a highly functional and intuitive system for viewing and
placing bets. Unique features include a sophisticated point-click
Odds
Ladder and
Add to
Stake cash buttons that make the
placing and amending of bets easy, fast and simple. Sporting Options
users can see the status of all of their bets and their profit and loss
for each selection in an event on the main betting template page. Also,
you are able to monitor your betting performance through clear, concise
and well-presented accounts.
7. Liquidity:
Betting ‘liquidity’ or betting volume is
vital to the success of a betting exchange. Sporting Options has carried
out months of negotiations with several key groups of liquidity
providers. These groups include numerous independent bookmakers both on
and off-course, several on-line bookmakers, and many former City of
London colleagues who enjoy trading sporting and financial markets on a
regular basis.
8. Large Limits:
Conventional bookmakers tend to only offer
their prices on eventualities in a limited size to their clients. The
Sporting Options exchange allows users to place bets of a much greater
size than an individual bookmaker will usually take. This is because the
risk associated with a very large bet is collectively borne or shared
between potentially hundreds of other exchange members.
9. Efficient Bet Trading:
With the Sporting Options betting market
system it has become possible to trade bets quickly and efficiently. A
user can back a selection at long odds in the hope of laying that
selection at shorter odds in the future. Sporting Options charges only
on the net winnings from all of the bets in a single betting market so
trading bets can be very lucrative for the well-informed betting
enthusiast.
10. Telephone Service:
Sporting Options now offer telephone based
betting during horse racing hours. The minimum stake is £100.
Sporting Options
an Exchange for the Better
Sporting Options is a person-to-person betting
exchange, this means that the website acts as a brokerage between
different punters. The Sporting Options website allows its users to
place bets on national and international sporting events as well as
global financial markets.
Bets are placed and matched by punters using the
Sporting Options betting templates. The company’s advanced accounting
system ensures that no bet can be placed that cannot be honoured as all
holding all bet stakes and liabilities are held in a ringfenced
segregated clients account. When a bet is settled the accounts system
returns the winnings to the appropriate users. For the use of its
services Sporting Options charges a small commission fee on only a
member’s net winnings for that betting market. No commission is charged
if a client has a net loss on an individual betting market.
The aim of Sporting Options is to become the
best value betting exchange in the UK. Using leading technology,
dedicated customer services and strict cost controls we hope to achieve
this goal.
Who are Sporting Options?
Sporting Options is the trading name for
Sporting Options plc. The company was established in November 2000 by
two former derivative traders who wanted to further develop their ideas
about the growing betting exchange market. Their vision was to create a
low cost and intuitive trading platform for placing and matching bets.
After over 16 months of research into the gambling industry they have
developed the sophisticated Sporting Options betting exchange website.
Sporting Options plc is registered as a public
limited company in England and Wales (Company Number 4112753).
The registered office of Sporting Options plc
is:
Maria House
35 Millers Road
Brighton
BN1 5NP
Commission Rate
Explained
Sporting Options commission structure is a sliding scale based on the
general principal of the more you bet the lower rate of commission you
attain.
Users are awarded points each time they bet. Commission Points are
earned based on your net profit or loss per betting market. Clients gain
1 point per £25 profit or loss. For example if you win £300 on a market,
you will gain 12 commission points. If you lose £50 on another market
you will gain another 2 points.
The more points you accrue the lower your commission rate becomes. Your
commission rate is set on Sunday evenings for the next week. Commission
levels
are not set solely from the previous weeks turnover. Instead they are
based on your entire turnover on Sporting Options. Your commission
points total erodes at a rate of 15% per week thus points for the
current week carry more weight than points from previous weeks.
Importantly if you decide not to place a bet with Sporting Options
during a week you will suffer no erosion of points and your commission
rate will remain unchanged.
Commission will be charged at the prevailing rate for a user at the time
of settlement and not at the time when the bet was placed.
Below is a table with Sporting Options commission rate bands.
|
Points |
Rate |
|
0-9 |
3.0% |
|
10-119 |
2.9% |
|
120-359 |
2.8% |
|
360-599 |
2.7% |
|
600-719 |
2.6% |
|
720-999 |
2.5% |
|
1000-1349 |
2.4% |
|
1350-1699 |
2.3% |
|
1700-2099 |
2.2% |
|
2100-2799 |
2.1% |
|
2800-3199 |
2.0% |
|
3200-4299 |
1.9% |
|
4300-5699 |
1.8% |
|
5700-6499 |
1.7% |
|
6500-7499 |
1.6% |
|
7500-9999 |
1.5% |
|
10000-12999 |
1.4% |
|
13000-17999 |
1.3% |
|
18000-31999 |
1.2% |
|
32000-39999 |
1.1% |
|
40000 and
more |
1.0% |
|
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