Spread Betting

[SlimRick]

Anyone here dabble?

While I was on the bench for a few months last year, I made some pretty good money. Not had time since I've been non-benched, but I reckon if I can "work from home" for a couple of days a week it could be worthwhile again.

[Pondlife]

Anyone here dabble?

While I was on the bench for a few months last year, I made some pretty good money. Not had time since I've been non-benched, but I reckon if I can "work from home" for a couple of days a week it could be worthwhile again.

Don't do it.

I guy I used to work with is about to lose his house from it.

[SlimRick]

But surely that comes from betting what you can't afford to lose?

[Pondlife]

But surely that comes from betting what you can't afford to lose?

No, it comes from the fact that you can bet with money that doesn't really exist until it all goes horribly wrong.

Plus since you're betting on a difference, you cannot predict the scale of the outcome.

[SlimRick]

But you can limit any potential losses with your stop points to what you can afford to lose.

[sweetandsour]

But surely that comes from betting what you can't afford to lose?

If it all goes wrong you simply ask the government to bail you out.

Oh no, hang on a minute, it's just the banks that can do that.

[Iron Condor]

Spread betting is a mugs game, 95% lose in the long run, and unless you have good reason why you are going to win (and thinking you have a good feel for market direction in your chosen stock or index is not a good reason) you will be one of the 95%.

[Pondlife]

Maybe, but that also assumes you can dump at that point.

[EternalOptimist]

I am with PL on this. It seems to me that you work out what you can afford to lose
then you go ahead and make sure you lose it

[mace]

Haven't tried spreadbetting but am very familiar with the betting industry from the inside. I have also tried CFDs and lost a lot of money. IMHO, it's a mug's game. If you want to have a punt stick to shares and funds. You won't lose huge amounts.