Spreadfair is the world's first person to person spread betting exchange. The spreads you'll see on Spreadfair will generally 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).
The history of Spreadfair
Having seen the impact that betting exchanges were making in 2003 the Management Team at Cantor Sport decided that exchange betting was indeed the future and set about building the first and only spread betting exchange.
The result was Spreadfair, the launch came in June 2004 and Spreadfair's presence sent shockwaves throughout the sports spread betting industry. Clients were now given the flexibility of being able to pick their own prices to play at instead of being forced to play at the bookmakers' prices. This resulted in other firms gradually reducing their spread sizes.
Although there was a degree of scepticism about Spreadfair in the early days, we are now firmly established as a major player in the spread betting industry. 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 the place to spread bet.
Spreadfair timeline:
June 2004: Spreadfair launches with a high profile event in Broadgate Circus.
May 2005: Arsenal 7 - 1 Everton. First game £100,000 bet is placed on Spreadfair.
May 2005: General election betting frenzy. Thousands of pounds per seat bet through Spreadfair.
May 2005: Spreadfair launches the Average Greater London and Average UK House Prices market allowing you to bet on House Prices up to 18 months in the future.
July/August 2005: Cricket betting reaches fever pitch during the Ashes. Clients get close to £1000 per run matched through Spreadfair throughout the series.
June/July 2006: World Cup 2006. Turnover hits an all time high, exceeding £20m for the month. Regular bets of £50,000 per goal are placed through Spreadfair.
November 2006: Spreadfair launches it's API (Application Programming Interface) which allows clients to develop trading programs which interact directly with the exchange, without having to go through the website.
January 2007: The world's only Daily FTSE and Daily DOW exchange product launches on Spreadfair. One London based client takes regular Daily DOW positions of up to £1500 per point within a couple of months of the product launching.
June 2007: The first £250,000 bet is placed on Spreadfair.
July 2007: The new Spreadfair site launches.
