 Cantor Spreadfair
www.spreadfair.com
Overview: Having seen the impact that betting exchanges were making in 2003 the spread betting company Cantor Sport decided that exchange betting was the future and set about building the first and only spread betting exchange. The result was Cantor Spreadfair, the world's first spread betting exchange, which matches spread bettors with opposing views on major sports, political and some financial markets. This mean very often the spreads you'll see on Spreadfair will often be much smaller than the spreads offered by the traditional spread betting companies, meaning that you should win more or lose less with Spreadfair (subject to 3-5% commission on winnings). Spreadfair allows clients of all sizes to enjoy the benefits of using an exchange. Whether you are a £1 per goal or £50,000 per goal player, Spreadfair is a great place to trade.
Markets: Spreadfair offers markets on all live, televised sporting events in the UK and although it’s fair to say that it doesn’t offer as many markets as rival Sporting Index does, what you can say is that its clients do benefit from Spreadfair having the tightest spreads in the markets it does offer. Markets offered include football, horse racing, cricket, boxing, darts, golf, NFL, Olympics, politics and rugby union. It also offers a few markets that Sporting doesn’t including financial markets (like daily indices) and even house prices too.
Products: As Spreadfair is an exchange, clients can either take the price that is available or place an order at a better price which is something that you just can’t do anywhere else in the market.
Taking a price: a striking example of the value that Spreadfair offers is by looking at cricket. In a Test Match, prior to an innings starting a traditional spread firm may have a 20 run spread on Team Total Runs. On Spreadfair the spread is typically less than 5 runs prior to the innings starting.
If you are playing for £5 per run at a price that is 6 runs better than the rest of the industry, then you are saving £30 upon entry. You then close your bet at a price that is 4 runs better than the rest of the industry, saving another £20 upon exit. A total saving of £50 of spread. This means you would have to win over £1000 on the bet (200 units of profit) if you are paying 5% commission in order to be worse off with Spreadfair.
Placing orders: If you do not want to take the price, you can put an order up on the exchange. For example, if the Team Total Runs spread is 340-344 in a Test Match and you wanted to buy the runs, you can put up an order to buy runs at 342. This will tighten the spread to 342-344, then you just need another client to want to sell at 342 and the bet will be on.
Size: Although Spreadfair has only been around since 2003 punters love the innovation of being able to chalk up their own spread prices on a host of different markets. Clients also enjoy the significant benefit of trading the tightest spreads in the market, which can save thousands every year for a high volume player.
Links:
What is spread betting: http://www.spreadfair.com/exchange-spread-betting-content/what_is_spread_betting.jsp
Promotions and offers: http://www.spreadfair.com/promotions/free-bet/index.jsp
Spreadfair commission: http://www.spreadfair.com/exchange-spread-betting-content/commission.jsp
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