Please note that should you navigate away from your open game at any stage, and for any reason, it will continue to play out behind the scenes. Any bet(s) you have placed will stand and will be picked up by an auto-settlement feature. We reserve the right to take any of the games offline for maintenance from time to time.
What are Sporting Index's virtual games?
They are computerised games with a unique twist to Sporting Index in which you can spread bet in a wide variety of ways. Some games are based on sports, some on casino and others on differing high-low scenarios. You can play all our games for fun which is a great way to experience the thrills of spread betting without risking any real money.
What is the difference between a sports spread bet and a virtual game spread bet?
Not a great deal. In a normal sports spread bet we make a prediction on a future event, say, the number of runs scored in an over. The prediction is based on the combination of historic data, the context of what is happening in the game and ultimately the view of our traders on what is going to happen. For example, for the number of runs scored in an over we may predict, say, between 5.5 and 6 runs will be scored. A client can either bet higher (buy) than 6 or lower (sell) than 5.5 runs. If they went high at 6 runs at £1 per run they would win £1 for every run above 6 and lose £1 per run for every run less than 6. The future event then occurs (the over is completed) and we determine the market result (in this case the number of runs scored) and settle the bet by calculating the profit and loss.
A virtual game spread bet works in much the same way. We make a prediction on a future event. The client bets higher or lower. Instead of an actual live sporting event taking place, a random number generator is used to generate random numbers to determine the make-up. For example in our Cricket Roulette game there is a market on the number of runs scored in an over. Six random numbers are required to represent the number of runs scored for each ball in the over. Once a result is calculated the bet is settled by calculating the profit and loss.
If there is no trader involvement how is a prediction made?
By using mathematical probability analysis on the games rules we can calculate what we expect to happen on average in the long run. We then take a spread either side of this average. We may also simulate a large number of games to get an historical average.
How does the random number generator work?
It is an independent certified standard unit of software that is utilised in a number of applications across the gaming industry. A naturally occurring random phenomenon called 'Johnson noise' is used to cede and recede a software random number generating algorithm. The unit produces a random number every 0.5 seconds. When a game requires a random number it simply waits until the next one is generated and uses that.
The software produces numbers without knowing anything about the client, their bet history and what bet they are having. Many random numbers are generated that are never used in a game.
How do you know the numbers generated are genuinely random?
The unit has been used in a number of applications across the gaming industry and has been tested for randomness. Additionally Sporting Index has engaged The University of Hertfordshire Statistical Services and Consultancy Unit to review the output from our random number generator. They have also performed work for Camelot and the National Lottery. The work was performed by Dr Neil Spencer whose research interests include tests of randomness. He issued the following report: "Our responsibility is to confirm that the random number generator used by Sporting Index produces numbers such that every number has an equal chance of being selected at every stage. We have carried out extensive analysis on numbers obtained from the random number generator used by Sporting Index to determine the outcome of its games. The conclusion drawn from this analysis is that the numbers are entirely consistent with what a truly random process would be expected to produce."
The University of Hertfordshire Statistical Services and Consultancy Unit has been engaged by the Directors of Sporting Index Limited to independently review the output of the Random Number Generator used to determine the outcome of the games hosted on the websites www.sportingindex.com. Our responsibility is to confirm that the Random Number Generator used by Sporting Index Limited produces numbers such that every number has an equal chance of being selected at every stage. We have carried out extensive analysis on numbers obtained from the Random Number Generator used by Sporting Index Ltd to determine the outcome of its games. The conclusion drawn from this analysis is that the numbers are entirely consistent with what a truly random process would be expected to produce. Dr Neil Spencer University of Hertfordshire Statistical Services and Consultancy Unit http://www.herts.ac.uk/business/centres/sscu/