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Spread betting


HaydnH

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Does anyone on here spread bet on financials? I started by putting £50 in the account three weeks ago and I'm up to £108 already. Winning half a tank of petrol doesn't seem like much but a 116% ROI isn't bad in three weeks, I just wish I'd put £5k in there. Any experiences?

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Is this the same as Match Betting? Using the bookies 'Bet £10 and we'll give you £10 credit etc' to then make the opposite bet at an alternative bookies?

 

No, it's basically betting an amount per point that something will change. Say for example I might "sell" @ 25p per point that the FTSE 100 will drop, if it drops 10 points I win £2.50, if it goes up by 20 points I lose £5 etc.

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