The championship index is a football sports spread betting type where each Premier League team is awarded points according to the position that they finish the season in. The winner of the league receives 60 points, with the runner up receiving 40, you are awarded 20 points for finishing third, 10 for fourth, and finally 5 points for finishing fifth? Therefore, if you backed Manchester City in this particular market for ten pounds per point and the market was set at 45 – 47, for example, you would be in with a solid chance of making a £130 profit from your bet.