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Betting

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Can spread betting make you a millionaire quickly?

I want to know in your opinion if spread betting can make you a millionaire quickly as I heard that in a week, from a book, the naked trader, someione turned their £9,000 into £220,000. What do you say here like? Please answer to earn 5 star best answer. Thanks.

you can certainly make huge amounts margin trading in a short-time period but it is definitely not risk-free and it cuts both ways. Turning 9k into 220k equates to over 24 times their initial fund.

9 double -> 18k
18 double -> 36k
36 double -> 72k
72 double -> 144k
144 double -> 288k

this implies that to turn £9,000 into £220,000 would imply taking huge risks and you will more than likely end up wiped out. Sure there are stories of Soros having bet some $10 billion (i think) and made $2 billion shorting the pound in 1992 but how many Soros are there?

What investment vehicle out of spread betting or options trading are you more likely to win at?

I want to know in your opinion what investment vehicle am I most likely to win at out of options trading or spread betting, and which of them is most likely to make you a millionaire? Please help/advise. Thanks.

Spread betting is definitely easier to understand – you just choose the direction up or down and voila… Options are cheap but they tend to expire worthless. Options are more complex instruments and are best left to experienced traders – the only reason they are popular in the USA is that options provide gearing and they they don’t have CFDs there. If you are in the UK or Ireland I would definitely go for spread betting.

As for which one you are more likely to win or make you a millionaire (!) that depends wholly on your trading skills – you can be successful in spread betting, futures, options, normal stock market dealing…IF you are able to predict the correct market direction. I can tell you that last year (2008) was a very painful year to trade (unless you happened to short banking stocks)…

Best way on How to Win money betting or gambling on NBA basketball games?

Im a beginner looking for the basics in NBA betting?
Best place to bet?
What to look for?(When to bet?)
How do you know what you would earn when betting on a team?

I would suggest you check out intertops by going here http://affiliate.intertops.com/processing/clickthrgh.asp?btag=a_1877b_168

They were the first ever online sportsbook. They are safe, secure and reliable, and there is a lot of information on their site that will probably help you. Also, if you have any questions after that you can ask their friendly support via live chat, telephone or email.

I hope that helps. :)

What do you do if you think people are plotting, betting, or turning against you, for unknown reasons?

What do you do if you think people are plotting, betting, or turning against you, for unknown reasons?

What do you do if you suspect people are miss leading you?

Answer this question the best you can.
Ethics is a branch of philosophy which seeks to address questions about morality, such as how a moral outcome can be achieved in a specific situation.

Morality (from the Latin moralitas "manner, character, proper behavior).

Like I said, answer this question the best you can.

Clam up .
Avoid all unnecessary contact .
Cut off communications .
Find a new circle of friends in different locations .
Change your hang-outs
Change the roads you use to go home .
Change the places you eat and shop .
Listen to Beethoven’s 7 th Symphony on the way home .

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