This horse racing spread betting market allows you to place a bet on how the favourites will perform at a particular meeting. In this market a favourite is awarded 25pts for winning, 10pts for finishing second, 5pts for third and 0pts for any other place. In the event of a race starting with joint-favourites, Sporting Index takes the favourite as being the horse with the lower race card number.
Here’s an example. At a Newbury jumps card consisting of six races, our favourites prediction might be 61-65 points. If you had a good look at the form and decided that the favourites should perform better than we predicted, you might bet higher (buy) at 65 for a stake of £3.
At the end of the meeting, three favourites had won (25 x 3 = 75), one came second (10) and the other two were unplaced, so the make-up was 85. So, had you bought at 65 you would have won 20 times your stake: (85 - 65 = 20) x your stake (£3) = £60. But, if the favourites index had made up at only 50pts, the same bet would have lost you 15 times your stake: (50 - 65 = -15) x your stake (£3) = -£45.