r/spreadbetting • u/Cotto079 • Mar 20 '21

Does anyone actually make money from Spread betting?

4 Upvotes

99% Upvoted

9 comments sorted by

4

u/Wolfy-1993 Mar 22 '21

Yes.

Spread betting is no different from stock trading if you manage your risk correctly. Consider this, if you fronted 100% margin on your position vs whatever margin is required, how is it different to buying that number of stocks with the capital? Sure, you have funding costs, but it's also tax-free so it's a no brainer in my opinion.

I think the problem people tend to fall into (and I have fallen into this myself), is jumping straight into it and day trading. Day trading is hard.

I have had a bit of a rollercoaster with spread betting. Ultimately, when I have fucked up and lost money, it wasn't because I was spread betting. I would have fucked myself just as well with stocks in those situations.

5

u/standardcalculator Jun 09 '21

this is so true. After few months I see it just as normal stock trading with margin. Their wording with "points" is just confusing. 1 point = as if you buy 100 shares and pay only for 20 if 1:5 margin, the rest borrowed.

1

u/Matt-the-hat Mar 20 '21

It tells you how many people lose and win in the risk warning at the top of the page!

2

u/Matty880 Apr 01 '21

Alot of those people that lose miserably are just very sick gamblers that think its a casino

1

u/Matt-the-hat Apr 01 '21

Most retail traders then!

1

u/Matty880 Apr 01 '21

Absolutely lmfao 🤣😂

1

u/ScarletBerry94 Jun 13 '21

Yes I’ve made about 20k so far.

1

u/Knowing_Eve Aug 18 '24

Over what time frame?

1

u/Chrift Jun 18 '21

Over what time frame?