Spread betting Has anyone done it?? is it good fun, win/lose a lot?? I wana try but quite scared might lose lots....:spangled:
Basically they give you an event to bet on, can be anything, say for instance 'how many runs will englands next wicket partnership be?' They give you a range -which is in the middle of what is likely ie, say 32 -36 runs. Then you either decide if you think it'll be more (called 'buy') or less (called 'sell). Say you decide they'll score more than that amount - you gain a certain amount for every extra run they score after that for instance theyn get a 100partnership and you bet £1.50 you get (100-36)* £1.50 = £96!! Sounds good BUT if tere partnership was 0 then you would lose (36-0)* £1.50 = £54!!! or if you thought they would do shit and put 'sell' and they got a 536 partnership(obviously not likely!) you would lose (536-32)*£1.50 = £750!!! another example how many goals will arsenal beat tottenham by?? range 0.2-0.6! You deccide arsenal will win byn more than 0.6goals (ie win at all) so you do 'buy' and say you put £10 then for instance if it was:- aresenal 6 - 0 tottenham you WIN (6-0.6) *£10 =£54 arsenal 2 -2 tottenham you LOSE (0.6 + 0) *£10 =£6! arsenal 2 - 54 tottenham you LOSE (52+0.6) * £526!!:evil: i know thats a couple of pretty extreme examples..but dya understand???
either but i was going to do it online, BUT remember, you can RUN but you cant HIDE, as they make you give them loads of bank details and stuff they check if u lose you get about a week to pay them or they start charging you interest (1%a month)!!!
