Successful Spread Betters – How to Achieve That?

Everybody wants to know the secret recipe of becoming one of the most successful spread betters, but is there one? It is hard to say because your success in the UK spread betting markets depends on too many factors related to the global economy. From this article, you will learn everything you need to know about spread betting in the UK and the best betting systems and strategies you can apply to become one of the successful spread betters. It will be a long journey, so buckle up because the best is yet to come.
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In this article you will find helpful information that will help you understand what exactly spread betting is and how it works. In addition, we will share some of the best spread betting strategies, tips and bettings systems that could come in handy. You will also learn which are the most famous spread betters and get some information about some millionaire spread betters. Be patient and follow our lead, so you understand everything adequately.

What is Spread Betting – Guide

If you are a gambler, that not necessarily means that you know anything about spread betting and the way it works. The truth is that the whole action could be associated with trading way more than with gambling. Spread betting was invented in the distant 1974, but we cannot say that it was ever super popular. But is trading gambling? Many people would say that it has nothing to do with gambling, and luck is definitely not a significant factor in winning.

Spread betting allows you to speculate on the different financial markets. Instead of trading with commodities, currencies, shares or any other stock you can think of, you bet on the movement of their prices. This may sound a bit complicated now, but when we explain how the UK spread betting works, you will quickly understand it. It is a fact that it gives you a way wider spectre of opportunities than traditional sports betting or trading.

Digital Stock Market Graph

But how does spread betting work? It is tracking the value of different assets, but you don’t need to purchase any of these assets to organise your so-called “bet”. There are several important terms that you need to understand before we proceed:

  • Short or Long Trading – You place a bet on “short” or “long” terms depending on the duration you choose.
  • Leverage – The leverage increases both the eventual winnings and losses. It means that you pay only 20% of the cost upfront, and you can manage your strategy and the capital you are ready to risk.
  • Margins – Everytime you make a small initial deposit to open position is called margin. Leveraged trading is often called “trading on margins”, and there are two types of them: deposit margins and maintenance margins.

These are some of the fundamental terms you need to know before explaining the rest of the terminology. In the following paragraphs, you will learn how spread betting is organised. Then we will tell you how to create a spread betting strategy of your own.

What Is The Spread?

The spread is the actual difference between the selling and buying prices of any asset and their underlying market price. All the trades are based on the principle that you buy at a higher than the market price and sell it at a slightly lower price.

What is Bet Size?

You can probably guess that the bet size is the amount of money you want to bet per market unit movement. You can freely choose your bet size, but bear in mind that there is a minimum threshold.

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The profit and losses of yours are estimated based on the price difference from the moment you made a bet to the moment you close, multiplied by the bet value. It all depends on the liquidity and volatility of the market. A point up or down could present a penny, pound or hundreds of them. On the deal ticket, when you choose markets, you will see what points mean in that particular case.

What is Bet Duration?

The duration of your bet is the time before your position expires. Keep in mind that all spread bets come with a fixed time range varying between a day and several months. You can close the bet anytime before it expires. Until then, the bet is available for trading. From a general perspective, the spread bets could be split in two main directions – daily bets and quarterly bets.

The daily bets are available as long as you keep them open, and they usually have an expiry date far away in the distant future. They are used for short-term positions mainly. The quarterly bets typically expire on a quarterly basis (4 months). Bear in mind that sometimes they could be extended into the next quarter of the year. These bets have wider spreads, and they are used mainly for long-term speculations.

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How to Become One of the Most Successful Spread Betters?

There is no guarantee that you will become one of the most successful spread betters even if you follow everything from our spread betting guide. This is simply because the UK spread betting depends on many factors, from the local economy to global markets changes, and of course, your financial stability and capital size. Building up knowledge will help you manage and control your betting systems, so you can optimise your winnings and reduce your losses.

To become one of the most successful spread betters will take time, money and a lot of attention. You need to acquire the required knowledge and experience. To reduce the risk of losing a significant amount of money, you should always limit yourself and trade with a maximum of 10% of your trading capital. If you go above it, the risk is increasing too. We do not recommend such actions because they may only delay your UK spread betting success.

Setting up small trades is the way to achieve success or collect funds to increase your betting capital. In this way, you will learn how to control your investments and built up the experience needed to lay the foundation of your trading skills. To become part of the successful spread betters in the UK, you need time and a lot of effort until you learn how to do it properly.

Man Losing Money While Betting Online

It is absolutely possible to generate good income from spread betting in the UK, but you need to establish a working spread betting system. You must have a trading plan and be consistent if you want to succeed. Just bear in mind that a tiny percentage of people make their living out of spread betting in the UK.

Some of The Most Famous Millionaire Spread Betters

At your attention now is the list of the most famous spread betters or at least those who publicly stated they made money from spread betting. We can guarantee that many other successful spread betters prefer to keep their identity secret. If you google the names of the list below, you will find that most of them are either millionaire spread betters or very successful traders already.

  • George Soros
  • Vince Stanzione
  • Simon Smith
  • Simon Cawkwell
  • Sandy Jadeja
  • Richard J. Dennis
  • Chris Kobewka
  • Martin Grant
  • Brian Jenkins
  • Robbie Burns
  • Teresa Brown
  • Daniel Pitts
  • Tom Farrington
  • Patrick Gray

Keep in mind also that all these people are experts in different financial fields. The idea is that they all trade with different stocks, commodities, warrants, CFD’s and any trading index you can think of. They apply the knowledge they have in their sector and use it to make spread betting predictions. The point here is that it is not necessary to understand all the trades. You can be good only at one particular type of goods and set up all your spread bets over them. So, it is not a bad idea to learn the trading basics and then move on spread betting, and maybe one day you will become one of the famous spread betters or even one of the millionaire spread betters.

Spread Betting UK – Betting Systems

If you ask any of the most successful spread betters what the best way to learn and win is, they will tell you that you need to apply some of the below listed spread betting strategies and tips. In other words, you need to create your own betting system and strictly follow it. In the following paragraphs, we will turn more attention to that subject and the variety of spread betting strategies you can find online.

UK Spread Betting Strategies

You should know that you will become more confident and capable with time and the experience you acquire. At some point, you will be able to create your own betting strategies and organise your betting systems. If you are a novice and you still don’t know how to become one of the most successful spread betters, follow the upcoming tips, and you will get there soon.

Spread Betting Strategies & Tips
🤵 Choose a Good Broker: Nowadays, there are plenty of UK spread betting platforms you can sign up with. Similar to the best online casinos in the UK, the rules and small particularities of all spread betting operators are similar but not identical. Our advice is to make demo accounts with the ones you like most and test the service before organising your first spread bets. Even if you choose a particular platform, you should periodically check the competitors for any changes in their terms and better odds.
🏃‍♂️ Keep Proper Discipline: To be disciplined is an essential skill for trading. Discipline means to follow your initial plan and enter/exit in the time frame pointed in advance. The thing with the UK spread betting is that relying solely on luck is no use. It would be best if you are always in the loop for news and other facts that could reflect on your bets. As you might know, sometimes stock goes down and right after they go straight up. Be informed and disciplined to make the right decisions in such situations.
🛑 Know When to Hit the Breaks: Know that the market is super unpredictable, and the hardest thing to do is reject your bet when it starts losing money. Even the most prominent and logical position could become a losing one. Yes, you can hope for the value of the stock to start moving up again, but this is a “so-so”. Most successful spread betters usually cut losses when it comes to similar situations. Trading sometimes is all about hard decisions, so be prepared.
📖 Research and Learn: This is undoubtedly the way to become one of the famous spread betters. As we mentioned several times already – the stock market is super dynamic. This means that if you want to be one step ahead of the others, you need to read, research and learn all the relevant news. It will be best if you are always aware of all the information related to the subject of your bet because, as you already know, you can bet on all kinds of stocks. Another golden tip here is to exchange experience and read what other successful spread betters do. You never know when a new betting strategy will come to your mind when you read different perspectives.
📈 Develop Personal Strategy: With the experience and the knowledge, you will come to the confidence and capability of making the right decisions. You will learn how to use your betting strategies and manage your bets in the best possible way, so you lose as little as possible. Similar to trading, the UK spread betting is flexible, and it could change over time. No matter how you decide to organise your bets, be advised that the most significant and crucial part of your betting strategies will always be consistency!
🖩 Take Calculated Risks: Spread betting UK is no different from all other types of gambling in the UK when it comes to risks. When you bet, there is always a chance to lose. It will be hard for you to make such calculations at the very beginning, but with time and experience, you will learn. As we said before, you need to be aware of all relevant news and all important details that could lower or increase the risk factor of your bets. One thing is clear – you cannot win if you don’t risk. However, you can always try, but be wise and withdraw if things go sideways.

When you acquire all of the above-mentioned skills and knowledge, you will become one of the successful spread betters in the UK. Of course, you will first suffer some losses, but with time you will become better. Don’t forget that knowledge comes hand in hand with practice, and this is the only way to learn how to organise and manage your spread bets.

FAQ

Asking questions is the natural way of learning, so don’t worry if you have some. Indeed, for your convenience only, we have gathered the most frequently asked questions about spread betting in the UK. If you get curious and suddenly want to learn more about any of the particular subjects, you should click on the jump phrases in the answers, and they will lead you to a more extensive explanation.

❔ What is spread betting?

Spread betting is not exactly betting in the most commonly used sense. We can state that the action is closer to trading than betting. This is because you bet on the value movement of diverse stocks on the market. You create spread betting systems where you try to predict the stock market ups and downs.

⚙️ How does spread betting work?

Well, there are many things that you need to learn about spread betting to understand how it works. It would help if you start with the term "spread", which presents the difference between the purchase and selling value of a particular stock on the market.

💲 Can spread betting make you millionaire?

Undoubtedly, you want to become one of the most successful spread betters, but you need the full package of knowledge, skills, and experience to achieve that. You need to learn the stock trading basics first and then turn more attention to the market itself. Then someday, you might become part of the list of millionaire spread betters.

🔗 How to set up a spread betting system?

To be among the successful spread betters, you need to learn how to organise your spread betting systems and strategies. You should be consistent and always hungry for knowledge because in the UK spread betting requires constant efforts and development if you want to stay on top.

💸 Which are the best spread betting strategies?

We cannot say that there are 100% working spread betting strategies because the stock market is unpredictable. The most successful spread betters would tell you that the best way to build up some knowledge is by creating your own betting systems and strategies while observing the constantly changing market.

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