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BETTING |
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Also See: |
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What is Spread Betting? (from finspreads.com site) In all cases the prediction, known as the ‘spread’ is represented by two figures, much like a foreign currency quote. With Financial Spreads you can back your judgment, if you think the market will be higher or lower at that closing date. Example :
When the result of the bet is known, for every point by which you turn out to be right, you win a Multiple of the stake you chose. Conversely, for every point that you turn out to be wrong, you lose a multiple of your stake. Every market offered expires at a specific date. You can, if you wish, close your trade before this by simply trading the same stake in the opposite direction to which you opened e.g. Buying a market for £10 point is closed by a contra trade of Selling £10. Whether you trade on the phone or Internet all bets are logged instantly against your account. Our quotes vary over the contract period to reflect the movements of the underlying market and forthcoming events so you may be able to close out for a better price than had you just left it to expire.
MARKETS
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