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Sports Spread Betting Review

Sports Spread Betting is a brand new service which is operated by ‘Max’. As the name suggests, Sports Spread Betting is a spread betting based tipster service that looks at a variety of different sports.

What does the product offer?

There have been a lot of products on the market in recent times, many of which ultimately follow a very similar pattern. This means that when something that is actually new comes along, I tend to get rather excited. Sports Spread Betting falls rather firmly into this category for a number of reasons. First of all, is the despite a seeming initial lack of evidence, Max appears to be the real deal. Secondly, Sports Spread Betting explores some very new concepts that whilst I am aware of, I have never looked at in a product before now.

So what can you expect with Sports Spread Betting? Technically speaking, Sports Spread Betting operates in much the same way as any other tipster service. Each day, selections are issued via email to subscribers, as you would expect. They are sent out at least 3 hours before any events which Max feels that you should be betting on. As you can clearly see, there is nothing new happening logistically.

The selections are apparently on the selective side and as such, I wouldn’t expect there to be too high a volume of tips. The results that Max has shown to date certainly suggest that this is going to be the case moving forward. The bets themselves are massively varied and will be unlike anything that most punters have likely looked at before now. Sports Spread Betting involves placing bets that are linked to final outcomes (I will explore this fully below).

Because of the nature of spread betting, this does make tying down a staking plan down in the traditional sense somewhat difficult. Fortunately, Max is on hand to provide assistance in this matter. This is an important thing as the nature of spread betting means that you can lose significantly more than you initially invest (something that you will see me returning to a lot).

In terms of a strike rate, there are unfortunately no claims made or numbers discussed. Max says that historically, he hasn’t really kept records on his bets as they have been solely for personal use. Long term however, there does seem to have been a profit made which is enough for me at this point.

How does the product work?

Obviously at its core, Sports Spread Betting is about spread betting, and in order to understand how the service works, you must first understand this rather unique betting method. Essentially, spread betting is based around how far off an agreed value a measurable event is. This sounds complicated however I do feel that the best way to understand spread betting, and resultantly Sports Spread Betting, is with an example.

At the time of writing on Sporting Index (a spread betting website), you can buy or sell on the individual player goals market for the Champions League with us looking at Ronaldo at a quote of 8-9. Let us presume that we believe that Ronaldo will get more than 9 goals in the Champions League and so we “buy” 9 goals at £10 per point. In this hypothetical scenario, Ronaldo goes on to score 16 instead. This means that you would make £70 of profit (7 goals more than 9 at £10 each). Alternatively, let’s imagine that he has a terrible season and just manages 4 goals. You would actually lose £50 because you are 5 goals short of that you have bet at, again at £10 per point.

There are further examples given on the Sports Spread Betting website which are more detailed and probably do a better job of exploring spread betting. The important thing to take away from this is that unlike most forms of betting where there is a set stake or you can calculate your losses in advance (as is the case with lay betting), when spread betting, you can win and lose significantly more than you initially invest.

In terms of Sports Spread Betting as a product, key to everything is Max himself. He supposedly has a background in finance which has ultimately shaped his approach to betting. It would appear that there is a lot of research and work goes into actually finding selections with some basic insight provided. I should point out however that there is no real detail provided on this aspect of Sports Spread Betting, something that I can understand being a breaking point for some people.

What is the initial investment?

When I look at a product, cost is a big influencer in my overall opinion. A great product isn’t worth anything if your profits are going to be eradicated by the subscription costs. In the case of Sports Spread Betting, Max is asking just £25 per month which is a lot less than most tipster services. Furthermore, if Sports Spread Betting doesn’t make at least 25 points of profit in a month, Max says that you will not be charged.

Should you still have any doubts despite this very attractive proposition, Max is selling Sports Spread Betting through Clickbank. This means that should you find that you are unhappy with the product, you have a full 60 day money back guarantee.

What is the rate of return?

The rate of return for Sports Spread Betting isn’t something that is really explored in detail which is rather unfortunate. Max says that he has made a decent second income from spread betting and the fact that there is a minimum income of 25 points per month goes some way to backing this up. Unfortunately, it is important to keep in mind that this is rather speculative and there is no evidence to back things like this up.

Conclusion

As a product and a service, I am very interested in what Sports Spread Betting has to offer. It is something unlike anything else on the market which I think is a genuinely good thing, especially after a season of the same old rubbish. Unfortunately, the cynic in me can’t help but point out that new is not always good, as well as reminding me of the inherent dangers that can come with spread betting.

Truthfully, there are a number of problems when it comes to spread betting as well as this system and it would be remiss of me not to cover them. As I have mentioned, it is very easy with spread betting to lose substantially more than you win. For example,  Max has said before that he has lost 77.12 points on a bet Admittedly, this was eradicated by wins, but it is difficult to ignore that this is a fact.

There is also another problem with Sports Spread Betting and it is a big one and that surrounds the legality of the service. Max says that because spread betting is monitored by the FCA (Financial Conduct Authority), he has to be registered with them in order to offer his advice. Unfortunately, he isn’t. Instead, Sports Spread Betting appears to be based around a dubious loophole in which the service is allowed as it isn’t “offering advice”, but instead is simply notifying users of the bets he will personally be placing.

All of this is actually said as the as the following:

Due to spread betting be regulated by the FCA, I am not allowed to be seen to be giving advice (as I am not regulated in this capacity). The selections that I send out via email will be simply the selections that I am putting my own money on each and every time. It is then up to you if you decide to copy me on those selections.

By subscribing to my emails you are stating that you fully understand the above and are happy to continue.

Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone so please ensure you fully understand the risks involved.

There are two main trains of thought on this as far as I can see. The first is to take Max at his word and follow Sports Spread Betting as a tipster service. This means embracing the risk (both to your betting bank and the service) and simply seeing what happens with Sports Spread Betting. This is an attractive sounding route given the income potential that is involved.

Alternatively, you can look at Sports Spread Betting and question a large number of things, including how long Sports Spread Betting will be able to operate as a service. That isn’t about calling into question Max’s abilities, however if this is an activity that is regulated by the FCA, I am uncertain how long the loophole of simply describing that you aren’t offering financial advice will last for. Obviously, Max feels that it will be long enough.

If it seems like I have been going on for a while here, it is because I feel that all of this background information is pertinent to looking at Sports Spread Betting as a complete product. It is very important to understand just how much money you can lose (and win) as well as the somewhat precarious situation in which Sports Spread Betting exists from a legal stand point.

Now that we’ve gotten all of that out of the way, I am rather taken with Sports Spread Betting. There is a hell of a lot to like and I am of the belief that Max is pretty genuine. Sometimes with new products, you have to have faith that the creator of a service is who they say they are. There are usually massive red flags when this faith shouldn’t be proportioned however I don’t really see them present here. This is some small reassurance for me.

I think what really sells Sports Spread Betting as a product is that Max is clearly keen on bringing people on board in a sustainable and realistic way. The prices are, I feel, are more than reasonable, especially when compared with tipster services which are currently selling for 3 times this per month. Finally, whilst I feel that there are a few kinks to the model that Max has embraced for Sports Spread Betting, it does ultimately seem to be consistent.

So is Sports Spread Betting any good?

I am inclined to give Max the benefit of the doubt here and say yes. There is a massive element of risk involved due to the nature of spread betting, however with an experienced guide, said risk should be minimised. The whole situation with the FCA may not play out to your advantage with Sports Spread Betting, however I also feel that if you are buying a spread betting system, risk is not a problem for you.

Whilst I think that it is a tad early to be calling Sports Spread Betting a bargain, I think that there is definitely value for money to be had here. £25 to follow on paper is a very fair offering and given the suggestion of profit that Max puts out there, this may be one of the hotter services available this year.

 

 

 

 

 

 
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From: Simon Roberts

 

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