For example, ahead of tournaments we offer a Championship Index which suggests how many points players will earn during the competition based on the following: 60 points awarded if the player wins the tournament, 40 to the runner-up, 20 to losing semi-finalists, 10 to losing quarter-finalists and 5 to players who go out in the last 16.
Spreadex may give a player a Championship Index quote of 11-14. If you think the player will reach the semi-finals at least you would buy on the quote. If you think the player will go out in the quarter-finals or earlier you would sell on the quote.
If you sold a player's Championship Index spread for £10 a point at 11 and the player went out in the first round you would make a profit of £110 ((11-0) x £10).
However, if the player went on to reach the semi-finals before being knocked out then you would lose £90 ((11-20) x £10).
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