Index Wagering is one of the newest and most exciting forms of wagering on Sport. It was developed in the UK in the 1970's and became a major part of British wagering in the 1990's.
VIP is the first Sportsbook in the US market to offer a comprehensive Index Wagering Service on all Major Sports.
This includes Pro and College Football, Pro and College Basketball, Hockey, Baseball, Soccer, Golf, Tennis, Major Horse Racing, Nascar, Formula 1 and more exotic events such as the Oscars and US Elections.
Index Wagering works on the basis that "The more you are right the more you win". The opposite is also true, so it is extremely important that you understand both the mathematics and risks involved in index wagering.
1. How does it work?
2. How do I place a bet?
3. List of Propositions and Stop Losses/Wins and Ranges
4. Betting In Running/ Live Betting
If you need assistance or have questions, please send an email to index@vipsports.com
How does it work?
Index Wagering revolves around the totals of certain numbers in sporting events. The key idea behind all these bets is the SPREAD , representing the difference between the levels at which you can back your selection to either exceed expectations or to not live up to them.
The best way to illustrate Index Wagering is to show some examples of the different types of wagers that we offer. There are three different types of Spread Bets : Total Numbers Bets, Supremacy Bets, and Range Bets.
1. Total Number Bets
We offer a spread on the total number of points, goals, runs etc scored in a particular game.
For example we offer a spread on the total points scored in a NFL game.
In the 2002 Superbowl we were offering a Spread Bet on the total points scored in the match.
Our price was 45 - 48.
If you fancied a high scoring game you would BUY (GO HIGH) at 48. This number (48) is then applied to the final score (both teams' scores combined) for the game to calculate how many points you would win or lose.
If you fancied a low scoring game you would SELL (GO LOW) at 45. This number (45) is then applied to the final total for the game.
Once you have decided whether you want to BUY (GO HIGH) or SELL (GO LOW) you must then decide how much you would like to risk per point.
If you decided to risk $10 per point and BUY (GO HIGH) at 48 you would win $10 for every point scored above 48 but lose $10 for every point below 48. For example if the final total was 60 as a buyer you would win (60-48) 12 points. Since you had risked $10 per point you would win $120.
If the final total was 40 you would lose (48-40) 8 points i.e. you would lose $80.
If you decided to risk $5 per point and SELL (GO LOW) at 45 you would win $5 for every point below 45 and lose $5 for every point above 45.
If the final total was 40 you would win (45-40) 5 points. Since you had risked $5 per point you would win $25.
If the final total was 60 you would lose (60-45) 15 points. Since you had risked $5 per point you would lose $75.
All bets are subject to limits (STOP LIMITS or RANGES) predetermined by VIP to ensure that there is a specified MAXIMUM WIN & LOSS to any wager. In this example the STOP LIMIT is 25 points which means you can not win or lose more than 25 points.
2. Supremacy/Winning Margin Bets
This is a market predicting a team or individual's winning margin in a head to head contest. If the Favorite wins, the final result (MAKE-UP) will be a positive number. If the Underdog wins, the final result (MAKE-UP) will be a negative number.
You BUY (GO HIGH) if you think the favorite will win by more than the BUYING PRICE.
You SELL (GO LOW) if you believe the underdog will either win the game or hold the favorite to less than the SELLING PRICE.
Example:
In the 2002 Superbowl we were offering St Louis' Winning Margin at 13 - 16.
If you fancied St Louis to win by more than 16 points you would BUY (GO HIGH) at 16.
If you fancied New England to either win the game or hold St Louis to less than 13 points you would SELL (GO LOW) at 13. The final result was St Louis 17 New England 20.
The St Louis Winning Margin was -3 (MINUS 3).
If you had decided to BUY (GO HIGH) at 16 you would have lost 19 points ( 16 plus 3 - the margin of defeat). If you had risked $10 per point you would have lost $190.
If you had decided to SELL (GO LOW) at 13 you would have won 16 points (13 plus 3 - the margin of defeat). If you had risked $20 per point you would have won $320.
All bets are subject to limits (STOP LIMITS or RANGES) predetermined by VIP to ensure that there is a specified MAXIMUM WIN & LOSS to any wager. In this example the STOP LIMIT is 25 points which means you can not win or lose more than 25 points.
3. Range Bets
A RANGE BET is a proposition where the parameters are either determined by the running time of the event (i.e. Time of 1st Goal) or by a scoring system or MAXIMUM MAKE-UP specified by VIP.
Wagers on Finishing Positions are different to other types of Spread Bets in that you SELL (GO LOW) a participant if you expect them to perform well and BUY (GO HIGH) them if you expect them to perform badly. We mainly offer these props on Golf , Nascar and Horse Racing.
Example: Tiger Woods Finishing Position
In the 2002 Masters our price for Tiger Woods' Finishing Position was 6-9. We imposed a range of 1-50 on this wager. Tiger would score 1 if he won the Masters, 50 would be the worst position he could achieve.
If you fancied Tiger to finish better than 6th you would SELL (GO LOW) at 6. If you fancied Tiger to fare worse than 9th you would BUY (GO HIGH) at 9.
Tiger went on to win his 3rd Green Jacket so BUYERS of Tiger at 9 would have lost 8 pts while SELLERS of him would have won 5 points.
If you had bought $10 per position at 9 you would have lost 8 (9-1) multiplied by 10 i.e. $ 80.
If you had sold $20 per position at 6 you would have won 5 (6-1) times 10 i.e. $100.
All bets are subject to limits (STOP LIMITS or RANGES) predetermined by VIP to ensure that there is a specified MAXIMUM WIN & LOSS to any wager. In this example the RANGE has a minimum value of 1 and a maximum value of 50.
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How do I place a bet?
We hope we have a developed a system which clearly shows both the potential profits and risks involved in index wagering.
Firstly you need to select a specific league, game and proposition!
This will lead you to the "Choose your wagers and amount" Screen.
The screen will display the following information :
All existing PENDING/OPEN wagers on that proposition (including their current value if you decide to CLOSE them)
The current "SELL and BUY" Price
The POINT LIMIT - The maximum amount per point that you can hold in OPEN POSITIONS on a specific proposition.
The STOP LIMIT or RANGE
The maximum amount you can buy or sell given your existing wagers.
You need to check either the buy or sell circle and determine how much you wish to risk per point. After entering your stake and pressing the tab button on your computer the system will automatically display the Maximum Win and Loss and the LOCKED AMOUNT, the amount of money which will be frozen in your account.
After submitting your bet you will be taken to the "Wager Confirmation" screen, which will give you a full breakdown of your new wager and the total locked amount for that prop in your account.
After confirming your wager the final Wager Confirmation screen will display all the OPEN/PENDING wagers for that proposition and your updated balance.
back to top
List of Propositions and Stop Losses/Wins and Ranges
Football Stop Limit Range / Max Make UP
Supremacy/WM 25
Total Points - Individual Games 25
Total Points - Series of Games 100
Touchdown Scorers' Shirt Nos 200
Time of 1st Touchdown 1-60
Team/Player Performance 75
Player Supremacies 100
Hotshots Index 100
Total Touchdown Yardage 100
Quarter Points 20
Homes/Aways 100
Longest Touchdown 1-110
Basketball Stop Limit Range / Max Make Up
Supremacy/WM 20
Total Points 30
Team/Player Performances 75
Player Points 30
Baseball Stop Limit Range / Max Make Up
Supremacy/WM 8
Total Runs 8
Golf Stop Limit Range / Max Make Up
Player Match Bets 35
Finishing Positions 1-50
Racing Stop Limit Range / Max Make Up
Driver Match Bets 15
Finishing Positions No of Starters
Horse Racing
Horse Match Bets 12
Finishing Positions No of Starters
Tennis Stop Limit Range / Max Make Up
Supremacy/WM
3 Set Matches 12
5 Set Matches 18
Total Games
3 Set Matches 15
5 Set Matches 25
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Betting In Running/ Live Betting
VIP offers Live Betting on many nationally televised events.
Supremacy and Total Points will be updated throughout major Football games.
The majority of markets will be updated at half time.
There is a 5 second delay on all bets placed during our live service which will protect both parties against sudden price changes.
Live Betting offers clients the opportunity to CLOSE existing positions - to either lock in a profit or cut ones losses - or to OPEN new positions at any time during the game.
If you need assistance or have questions, please send an email to index@vipsports.com
--------------------------------------------------------------------------------
VIPSPORTS>>>
VIP is the first Sportsbook in the US market to offer a comprehensive Index Wagering Service on all Major Sports.
This includes Pro and College Football, Pro and College Basketball, Hockey, Baseball, Soccer, Golf, Tennis, Major Horse Racing, Nascar, Formula 1 and more exotic events such as the Oscars and US Elections.
Index Wagering works on the basis that "The more you are right the more you win". The opposite is also true, so it is extremely important that you understand both the mathematics and risks involved in index wagering.
1. How does it work?
2. How do I place a bet?
3. List of Propositions and Stop Losses/Wins and Ranges
4. Betting In Running/ Live Betting
If you need assistance or have questions, please send an email to index@vipsports.com
How does it work?
Index Wagering revolves around the totals of certain numbers in sporting events. The key idea behind all these bets is the SPREAD , representing the difference between the levels at which you can back your selection to either exceed expectations or to not live up to them.
The best way to illustrate Index Wagering is to show some examples of the different types of wagers that we offer. There are three different types of Spread Bets : Total Numbers Bets, Supremacy Bets, and Range Bets.
1. Total Number Bets
We offer a spread on the total number of points, goals, runs etc scored in a particular game.
For example we offer a spread on the total points scored in a NFL game.
In the 2002 Superbowl we were offering a Spread Bet on the total points scored in the match.
Our price was 45 - 48.
If you fancied a high scoring game you would BUY (GO HIGH) at 48. This number (48) is then applied to the final score (both teams' scores combined) for the game to calculate how many points you would win or lose.
If you fancied a low scoring game you would SELL (GO LOW) at 45. This number (45) is then applied to the final total for the game.
Once you have decided whether you want to BUY (GO HIGH) or SELL (GO LOW) you must then decide how much you would like to risk per point.
If you decided to risk $10 per point and BUY (GO HIGH) at 48 you would win $10 for every point scored above 48 but lose $10 for every point below 48. For example if the final total was 60 as a buyer you would win (60-48) 12 points. Since you had risked $10 per point you would win $120.
If the final total was 40 you would lose (48-40) 8 points i.e. you would lose $80.
If you decided to risk $5 per point and SELL (GO LOW) at 45 you would win $5 for every point below 45 and lose $5 for every point above 45.
If the final total was 40 you would win (45-40) 5 points. Since you had risked $5 per point you would win $25.
If the final total was 60 you would lose (60-45) 15 points. Since you had risked $5 per point you would lose $75.
All bets are subject to limits (STOP LIMITS or RANGES) predetermined by VIP to ensure that there is a specified MAXIMUM WIN & LOSS to any wager. In this example the STOP LIMIT is 25 points which means you can not win or lose more than 25 points.
2. Supremacy/Winning Margin Bets
This is a market predicting a team or individual's winning margin in a head to head contest. If the Favorite wins, the final result (MAKE-UP) will be a positive number. If the Underdog wins, the final result (MAKE-UP) will be a negative number.
You BUY (GO HIGH) if you think the favorite will win by more than the BUYING PRICE.
You SELL (GO LOW) if you believe the underdog will either win the game or hold the favorite to less than the SELLING PRICE.
Example:
In the 2002 Superbowl we were offering St Louis' Winning Margin at 13 - 16.
If you fancied St Louis to win by more than 16 points you would BUY (GO HIGH) at 16.
If you fancied New England to either win the game or hold St Louis to less than 13 points you would SELL (GO LOW) at 13. The final result was St Louis 17 New England 20.
The St Louis Winning Margin was -3 (MINUS 3).
If you had decided to BUY (GO HIGH) at 16 you would have lost 19 points ( 16 plus 3 - the margin of defeat). If you had risked $10 per point you would have lost $190.
If you had decided to SELL (GO LOW) at 13 you would have won 16 points (13 plus 3 - the margin of defeat). If you had risked $20 per point you would have won $320.
All bets are subject to limits (STOP LIMITS or RANGES) predetermined by VIP to ensure that there is a specified MAXIMUM WIN & LOSS to any wager. In this example the STOP LIMIT is 25 points which means you can not win or lose more than 25 points.
3. Range Bets
A RANGE BET is a proposition where the parameters are either determined by the running time of the event (i.e. Time of 1st Goal) or by a scoring system or MAXIMUM MAKE-UP specified by VIP.
Wagers on Finishing Positions are different to other types of Spread Bets in that you SELL (GO LOW) a participant if you expect them to perform well and BUY (GO HIGH) them if you expect them to perform badly. We mainly offer these props on Golf , Nascar and Horse Racing.
Example: Tiger Woods Finishing Position
In the 2002 Masters our price for Tiger Woods' Finishing Position was 6-9. We imposed a range of 1-50 on this wager. Tiger would score 1 if he won the Masters, 50 would be the worst position he could achieve.
If you fancied Tiger to finish better than 6th you would SELL (GO LOW) at 6. If you fancied Tiger to fare worse than 9th you would BUY (GO HIGH) at 9.
Tiger went on to win his 3rd Green Jacket so BUYERS of Tiger at 9 would have lost 8 pts while SELLERS of him would have won 5 points.
If you had bought $10 per position at 9 you would have lost 8 (9-1) multiplied by 10 i.e. $ 80.
If you had sold $20 per position at 6 you would have won 5 (6-1) times 10 i.e. $100.
All bets are subject to limits (STOP LIMITS or RANGES) predetermined by VIP to ensure that there is a specified MAXIMUM WIN & LOSS to any wager. In this example the RANGE has a minimum value of 1 and a maximum value of 50.
back to top
How do I place a bet?
We hope we have a developed a system which clearly shows both the potential profits and risks involved in index wagering.
Firstly you need to select a specific league, game and proposition!
This will lead you to the "Choose your wagers and amount" Screen.
The screen will display the following information :
All existing PENDING/OPEN wagers on that proposition (including their current value if you decide to CLOSE them)
The current "SELL and BUY" Price
The POINT LIMIT - The maximum amount per point that you can hold in OPEN POSITIONS on a specific proposition.
The STOP LIMIT or RANGE
The maximum amount you can buy or sell given your existing wagers.
You need to check either the buy or sell circle and determine how much you wish to risk per point. After entering your stake and pressing the tab button on your computer the system will automatically display the Maximum Win and Loss and the LOCKED AMOUNT, the amount of money which will be frozen in your account.
After submitting your bet you will be taken to the "Wager Confirmation" screen, which will give you a full breakdown of your new wager and the total locked amount for that prop in your account.
After confirming your wager the final Wager Confirmation screen will display all the OPEN/PENDING wagers for that proposition and your updated balance.
back to top
List of Propositions and Stop Losses/Wins and Ranges
Football Stop Limit Range / Max Make UP
Supremacy/WM 25
Total Points - Individual Games 25
Total Points - Series of Games 100
Touchdown Scorers' Shirt Nos 200
Time of 1st Touchdown 1-60
Team/Player Performance 75
Player Supremacies 100
Hotshots Index 100
Total Touchdown Yardage 100
Quarter Points 20
Homes/Aways 100
Longest Touchdown 1-110
Basketball Stop Limit Range / Max Make Up
Supremacy/WM 20
Total Points 30
Team/Player Performances 75
Player Points 30
Baseball Stop Limit Range / Max Make Up
Supremacy/WM 8
Total Runs 8
Golf Stop Limit Range / Max Make Up
Player Match Bets 35
Finishing Positions 1-50
Racing Stop Limit Range / Max Make Up
Driver Match Bets 15
Finishing Positions No of Starters
Horse Racing
Horse Match Bets 12
Finishing Positions No of Starters
Tennis Stop Limit Range / Max Make Up
Supremacy/WM
3 Set Matches 12
5 Set Matches 18
Total Games
3 Set Matches 15
5 Set Matches 25
back to top
Betting In Running/ Live Betting
VIP offers Live Betting on many nationally televised events.
Supremacy and Total Points will be updated throughout major Football games.
The majority of markets will be updated at half time.
There is a 5 second delay on all bets placed during our live service which will protect both parties against sudden price changes.
Live Betting offers clients the opportunity to CLOSE existing positions - to either lock in a profit or cut ones losses - or to OPEN new positions at any time during the game.
If you need assistance or have questions, please send an email to index@vipsports.com
--------------------------------------------------------------------------------
VIPSPORTS>>>
