|VIPsports, the online bookmakers, have announced the arrival of Index Wagering, the latest form of gambling to be provided on their website.|
Index Wagering originated from England in the late 1980’s where it’s known as Spread Betting. Not unlike investing in the Financial Futures market, Index Wagering lets you spread your bets so the closer your bet is to the final outcome the more money you can win. On the downside the worse your bet is the more money you will lose.
As an example in the NFL Pro Bowl, VIPsports offered an opening quote of total points as being between 46-49. Players who felt the real outcome would be greater than 49 “bought” the points. However players who thought the outcome would be lower than 46 could “sell.”
As it turns out the AFC won 45-20 (45 + 20 = 65). The buyers got themselves a 16-point profit (65-49 = 16) whilst those who sold lost 19 times their unit stake (65-46 = 19).
VIPsports is having such success with Index Wagering that they now offer markets on all upcoming NBA games and events. These already include the NHL Playoffs and the Daytona 500. Visit www.vipsports.com to find out more!