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| Hundreds of people were trying to buy in or were long and gave him an awful lot of flak and abuse,. You have no rights as a spread better and you are merely betting against the house. There are a number of risks and despite the auto rollover possibility, it is still a time defined 'bet', hence the current capital gains tax situation (which can change at any time). I do recall someone who shorted Northern Rock back in 2008 when it was trading at £5+ at £85 per point. Not all speculators grasp the concept that with financial spread betting you aren't actually buying the underlying shares. Spread betting is not a get rich quick scheme of making money. In certain situations, betting can make you plenty of money as long as you use a provider with a guaranteed stop loss, to protect against gapping in particular. The price only has to reflect the price of the underlying market, and is purely at the discretion of the house as to how that price moves and indeed if they are willing to take your bet. _ |
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