Spread Betting???

SamTummo · Posted: Tue Dec 06, 2005 3:55 pm Post subject: Spread Betting???

Hi guys, i have been wanting to have a go at this for a while now.. but aint realy got the foggiest at what it entails

I have read OLBG's begginners guide and i am still at a loss

could sum1 pls explain it to me as if i was your grandma!!!!!!!! (haha not literally)

thanks in advance

Sam
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"Once Everton has touched you, nothing will be the same" Alan Ball 1945-2007. RIP Bally

Dammo Qwirky · Stallion Joined: 29 Oct 2004 Posts: 5865

essentially u buy (go high) or sell (go low) on whichever selection u make. eg spread on corners might be 9.5-10.5 on a spread company with uncompetitive spreads. u would sell at 9.5 corners if u thought there were going to be 9 corners or less. u would buy at 10.5 if u thought there would be 11 or more. u can trade in running on most markets so u can close a buy bet by selling. if u have bought £10 a corner at 10.5 at start and there are 3 corners quite quickly, spread might go up to 12-13. u could then sell at 12 for a £15 profit (the difference between yer buy at 10.5 and yer sell at 12 multiplied by yer stake).

clearer now?
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SamTummo · Posted: Tue Dec 06, 2005 4:04 pm Post subject:

not one bit Laughing

thanks for the help but u lost me big time..........

sigh Confused

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"Once Everton has touched you, nothing will be the same" Alan Ball 1945-2007. RIP Bally

Antony OLBG · Stallion Read My Blog! Joined: 26 Mar 2003 Posts: 5519

(moved to spread betting)

SamTummo · Posted: Tue Dec 06, 2005 4:10 pm Post subject:

sry didnt see this forum! good realy i can mooch round these posts and try n get some tip/hints! Very Happy

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"Once Everton has touched you, nothing will be the same" Alan Ball 1945-2007. RIP Bally

Dammo Qwirky · Stallion Joined: 29 Oct 2004 Posts: 5865

easy to miss, there are so many now. not much happens in here. seems we dont have too many spread bettors and/or financial bettors in our midst. if there are lets hear from u. spreads are how i make most of my money.
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eSpreadBet · 2yo Joined: 24 Nov 2005 Posts: 1

SamTummo · Posted: Tue Dec 06, 2005 6:25 pm Post subject:

downloading it now. many thanks for the link Win

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"Once Everton has touched you, nothing will be the same" Alan Ball 1945-2007. RIP Bally

Antony OLBG · Stallion Read My Blog! Joined: 26 Mar 2003 Posts: 5519

www.spread-betting-guide.co.uk is one of ours - has some basic guidance

swift tuttle · Posted: Thu Apr 27, 2006 8:50 pm Post subject:

I wouldnt be surprised if it was weighted to assist you in doing well during the demo. The way it works in real life is:

if the result of the sporting event is inside the spread then both buyers and sellers lose. The spread betting firm wins.

Example - Spread of winning margin in Premiership title buy at 15, sell at 12. So inside the spread you have the winning margins of 13 and 14 points, if Chelsea win the title by either of these margins only the spread betting firm wins.

So they have people setting these spreads who really know their stuff most of the time. If they can get the actual results of most sporting events inside the spreads, they're quids in. That's how the spread betting firm makes its money.

In the above example if you had bought at 15 and Chelsea won the title by 18 points you would win 3 times your stake. (18 - 15). If Chelsea won by 11 points you would lose 4 times your stake (15 - 11). If they won by exactly 15 points it would be a push.

The spreads vary as the event progresses. You might find yourself sitting with a profit because of the way the spread varies. Example - winning margin again - say you'd sold at 12 and then whoever was leading the Premiership went on a bad run of results, you might find that the spread varies to 6 - 9 (sell at 6, buy at 9). It would be open to you to close your spread bet down by buying at 9, you would then make a profit of 3 times your stake (12 - 9).

I find that you have to try and keep a clear head and not to get carried away - keep your unit stakes low until you're well used to all the different markets and the terminology

Good luck - you'll need it! Smile

Dammo Qwirky · Stallion Joined: 29 Oct 2004 Posts: 5865

Its not quite as simple as that swifty, but u r right when u said inside the spread is their profit. However a well-made spread is designed to take an equal amount of money above and below the spread, and regardless of the result as long as they are balanced, the spreadmakers make their money. It can be quite a complex operation in a fast moving market but they have programs to formulate that all for them.

swift tuttle · Posted: Thu Apr 27, 2006 9:20 pm Post subject:

The whole thing is very very difficult to describe in words Dammo as I'm sure you appreciate. There's no substitute for experience at the end of the day, you just have to set your stall out and go for it and learn by your mistakes if you'll allow me to mix my cliches.

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