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Spread Betting At City Index
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Spread Betting At City Index
November 30th, 2011 by admin
If you are into spread betting you have likely heard of City Index. This is one of the Internet’s top spread betting sites. This blog post will be half spread betting guide and half City Index review. The best thing about a spread betting firm like City Index is the number of markets. Many spread betting companies offer 90% fewer market options compared to City Index and I think that has been a vital to their success. Let’s take a look at what spread betting is and how it works for those who are not familiar with it. There are millions of spread bettors across the globe and many of them are also poker players but some of you are likely unfamiliar with this mix of trading and gambling.What Is Spread Betting & How Does It Work?
When I first heard of spread betting I initially thought it was nothing more than point spread betting on sporting events but I soon learned that I was way off. Spread betting is centered in the UK but people from around the world have been doing it for many years. The basic concept behind spread betting will be appealing to many online poker players. It may seem pretty complex at first but it is actually quite simple. You can compare it to poker in a way. Learning the game of Texas Hold’em is simple enough but mastering it is much more difficult.
You can bet on a wide range of things in spread betting including single stocks, currencies and entire indexes. Here are a few examples:
- Single stock: Apple Inc. (APPL)
- Entire indexes: NASDAQ
- Currencies: GBP
There are two basic options in spread betting. To keep things simple let’s say that you want to bet on Apple Inc.
- You can wager that the stock will increase in value.
- You can wager that the stock will decrease in value.
Simple online research can help you determine which option to choose. Let’s say that Apple will be launching a new iPhone and after reading some articles written by people that have seen the new device you feel that it will be a huge success. In this case you would want to bet that the stock price will increase.
In a different scenario you may have read that Motorola will be unveiling a new phone and you think that it will become more popular than the iPhone. This would likely reduce iPhone sales and cause the stock price to go down.
That seems pretty simple and when you factor in the almost limitless number of things you can bet on it will almost seem like an easy way to win money. Blindly betting on a spread gives you 50:50 odds on winning or losing and you can improve your odds by doing a little research.
Why Choose City Index?
As I mentioned above City Index allows you to bet on spreads in more markets than almost every other spread betting site online. I like City Index because they offer a wide range of tutorials and guides. This makes them one of the most friendly spread betting sites for beginners. You can even open up a demo account and give spread betting a try for a couple weeks. This will give you the complete spread betting experience without risking any money, kind of like play money tables at a poker room. I would suggest taking advantage of the demo account for anyone who is new to spread betting online. -
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