Sale of the century

As the markets are showing relentless descents at this moment in time, it might be a wiser choice for spread betters to elect a diverse route of gambling. As you may or may not be aware, there are endless options for you to choose when you start spread betting, the stock markets are not your only window of opportunity.

With each and every day we are seeing continuous falls in the market and share prices and indices are plummeting rapidly. If you were to place a bet on a sudden upturn, of course you would be in the money, but for how long would you have to risk your wager – there is only so long you can go?

Only recently retired engineer, Alec Holden, collected £25,000 upon reaching 100 years old. Ten years ago he had wagered £100 at 250/1 that he would reach the age of 100 – and his bet certainly paid off!

Although this is not commonly known as a spread bet, it unquestionably produced some fantastic dividends for Mr Holden; and whilst the markets are so volatile, maybe a fun bet like Mr Holden’s is not something to turn our noses up at.

However, bookmakers William Hill have stated that a decade ago it was more unusual for people to live upto 100 but this is not quite the case these days so it’s certainly worth thinking about.