Spread betting on Wimbledon?
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Written by Trader Hideout Editor
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Wednesday, 01 July 2009 11:45 |
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Spread betting doesn’t have to be boring; why not use a little imagination and take a chance by spread betting on Wimbledon?
Spread betting is often coined as a phrase in sentences teamed with words such as ‘financial spread betting’, ‘forex’, ‘foreign currency’ and ‘markets’ so it is not surprising that many people think the subject might be a little tedious – until they hear of the money that can be made when you really know your subject.
However, spread betting can be used on anything, even sporting events, and in the month of July, the whole world is talking about Wimbledon. With Andy Murray fiercely determined to gain his first Wimbledon title and the Williams sisters fighting it out for their title and Federer’s price appearing perhaps somewhat generous, a spread betting flutter might be in order.
The spread betting index is the ‘to win tournament’ market and players receive points based upon how far they get. So, if you think a particular player will do well, you buy at their highest price and bet so much a point or if you think they’ll do less than their current price then you sell them. If they win, they get 60 points, the runner up gets 40 points, a semi final loser gets 20 points; a quarter final loser gets 10 points and there are 5 points for the final 16.
Will you be spending your winnings on strawberries and cream? Spread betting certainly makes any market interesting and if you know your tennis. Wimbledon could be your spread betting champion this month.
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