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Spread betting was invented by Charles K. McNeil, a mathematics teacher from Connecticut who became a bookmaker in Chicago in the 1940s. [5] In North America, the gambler usually wagers that the difference between the scores of two teams will be less than or greater than the value specified by the bookmaker, with even money for either option.
Finspreads is a London-based [1] online financial spread betting firm [2] [3] that offers customers access to various instruments on the world's financial markets through online and mobile trading platforms. [4] [5] Along with IFX Markets, FX Solutions and City Index Limited, it is a trading name of City Index Group. [4] [6] [7] [8]
The main difference between financial betting and speculation on financial markets using products such as financial spread betting is that the bet must result in a simple binary win or loss based on an event on the underlying financial instruments. This triggers a fixed payout for a win, while with spread betting the payout or loss varies with ...
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Here's my betting breakdown for this Eastern Conference matchup. More: Here are three Super Bowl 2024 special bets you can wager on for Chiefs vs 49ers NY Knicks vs. Pacers spread: Advantage Pacers
If you've been blindly betting the underdog against the spread this season, you are 28-18-2. That's nearly a 61% winning percentage in an industry where even the sharpest bettors can't ask for ...
The increase in spread betting as a financial derivative also blurs the distinction between financial investment and gambling: since in the United Kingdom a win on a bet pays no tax, but another form of investment might require payment of Capital Gains Tax, there may be a financial advantage to "betting".
In 2017, Spreadex was also listed by the Financial Times Europe as one of the top 1000 fastest growing companies in the continent. [16] Most recently, Spreadex were also voted the City of London Wealth Management Awards Best Spread Betting Provider 2024 and Best Spread Betting Platform at the 2024 ADVFN International Finance Awards.