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Britain Clamps Down on Financial Spread Betting
Posted: Tue Dec 13, 2016 12:58 pm
by heavy
Thought this might interest you guys on the other side of the pond.
https://www.youtube.com/watch?v=axnm_ga ... ture=share
Re: Britain Clamps Down on Financial Spread Betting
Posted: Tue Dec 13, 2016 5:31 pm
by London Shooter
Spreadbetting is not my bag, but it's hardly surprising to hear 80% are losing money in the process. I'm surprised they seem surprised by the figures.
You've got to overcome the spread (or vig) in the first case and we have discused recently on the casino hold thread of recirculating your money continually against the vig can grind you down. Then you have the usual story about people going bust overbetting their bankroll. The spread betting company (or again could read casino) has the funds to just sit and wait until you make too bad a play which costs you too much.