10€ no deposit – New Terms and Conditions
The alternative betting exchange
Promo Code must be added free10
10€ no deposit for all country players
Terms and Conditions for the Free10 bonus:
– Bonus is available only for new customers at Spiffx.
– A minimum of €10 must be wagered (matched) on SpiffIndex.
– The bonus can be used to play immediately. To withdraw the bonus, deposits are required to identify the bank account and confirm that it is held by the player.
– Deposits and turnover on SpiffIndex must be equal or above the withdrawal amount.
– The full bonus amount must be wagered (matched) at least once.
– One account per person is allowed. The general Spiffx Terms & Conditions apply.
– Spiffx reserves the right to block withdrawals if misuse of bonus is suspected and to remove the bonus if not used within 1 month.
– The maximum bonus amount is €10.
HOW TO BET – How Spiffindex works
Spiffindex is a game where you predict the result of the match and whether the odds (price) will move over or under the market price (index). The product can be used to price hedge/secure an already taken bet or it can be used to speculate in odds’ movements. You can also put your own prices (selling) with reversed earnings/winnings.
When buying Spiffindex your risk will only be the stake that you’re wagering. If you’re selling odds, you are betting that the odds will be equal or move in another direction. The risk will be larger and undefined before the event kicks off. However, in abnormal odds movements the bet is auto-settled with a maximum risk. The maximum risk exposure is deducted from the amount available to bet.
At the top-bar in the trading-screen there is information about the event (teams), date and start time.
How To Bet:
Chose a selection (team)
Start by choosing a selection: Home, Away or Draw. If you are buying choose the selection that you think will happen. If you are selling choose the selection that you think will not happen.
Check the Index
Index is the calculated market price that you’re betting against. The market price is based on various odds’ sources. These sources are used to calculate a market index, called Spiffindex. If Spiffx is unable to get information from these sources to establish Spiffindex, Spiffx will decide the closing index based on the rules set out in the terms and conditions.
Decide on the Price Movement: Over/Under
Use the SpiffIndex to predict the movement of the odds. If you believe that the price will move you have to decide -whether it will move over or under the Index and place your bet accordingly. For In-Play matches the price prediction is for a timeframe of 5minutes. For Pre-Play matches the price prediction relates to the time before the game kicks off.
Make your order/bet: Buy/Sell
Click on a selection and choose under/over. ENGINE in the amount you want to bet from the available price (if you are buying) or make your own price (if you are selling).
BUY a selection if you think it will happen. Chose UNDER if you believe the Index will go below the buy price or OVER if you believe it will go above the buy price. If you use the buy option you need to select the winning selection (Home, Away or Draw) and predict if the Index will be over/under your price. Both outcomes must be fulfilled to win. When buying, your loss is limited to your stake. If you are right your stake will be multiplied by the number of points the price index has moved from the buying price. Maximum winning is based on dynamic price steps. Check the profit table before confirming your order. For example you select home team and buy €100 at odds 1,38. Index price is 1,40. So if home team wins and the price decreases to 1,30 you will win €700 (8 points * €100 stake – €100 stake). If home team wins and the price is above 1,38 you will lose your stake. If home team doesn’t win, you will lose your stake even if the price is below 1,38.
SELL a selection if you believe it will not happen. Chose UNDER if you believe the Index will be above or equal to sell price. Chose Over if you believe the Index will be below or equal to sell price. One OR both outcomes can be fulfilled to win. If you are right you win the stake. If you are wrong your stake will be multiplied by the number of points the price index has moved from the selling price. For example if index price is 1,40 and you offer home team to win and price under 1,38 you believe that the price will be above 1,38 and that home team will not win. If home team wins and the price is 1,30 and your stake is €100 you will lose €700 (stake €100*8 points – €100). If home team wins but the price is above 1,38 you will win 100 €. If home team loses and the price is 1,30 you will win €100.
When selling you must keep in mind that generally prices will be matched only if the risk/reward for the buyer is good enough. As obvious as it might sound, prices are usually matched only when they are in a range that the buyer is willing to accept.
Check your profitability.
Before confirming the order you can view the profit table to make sure that the projected wins/losses match your expectations.
Use the Sandbox to check and maximise your profits.
Use the Sandbox to understand what effect your bets would give you if they occur. Choose the team you wish to bet on by clicking on their name on the top bar of the Sandbox. Try different bets by placing them in the toolbar ‘Place sandbox order’. The upper diagram ‘Spiffindex’ shows you the odds movement and by pointing with the arrow pointer on the blinking dot you will see the current index. The lower diagram ‘Outcome’ shows you how your outcome would rise by every correct point in your bet. You can also click on the box ‘Show outcome’ above the Spiffindex diagram to see how big your chances of winning are if your bet occurs. All outcomes on the green section will make you win and the red section shows you the outcome that will make you lose with the bet you place.
Confirm your order
Click on the ‘Confirm’ button to confirm your order. Spiffx
Spiffindex at Spiffix – 10€ free
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