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Financial spreadbetting companies offer leverage for customers as long as the customer has a stop loss in place. Would this improve liquidity for the exchanges?
Example: A trader has £10,000 back at 3.15 looking for a 1 tick profit. If he had a facility on Betfair whereby he could dial in a (site administered) stop loss, say at 3.5, (for around 5% loss) , why not allow him to put on 20 times his principal. £200,000?
Yes the trader may have absolutely no intention of taking a £10k loss, but why no facility for those who would leverage themselves?
Even for a punter betting £100 on Man Utd at 2.0, if he has a (site administered) stop loss on at 4.0, said punter may fancy risking a little more.
There are problems everywhere - the price may gap so customers using a stop loss facility would have to have some sort of credit clearance if they have insufficient funds. It may not work in-play because of extreme price fluctuations, but maybe it would attract heavy liquidity.
Or do people need protected from this kind of thing??
Example: A trader has £10,000 back at 3.15 looking for a 1 tick profit. If he had a facility on Betfair whereby he could dial in a (site administered) stop loss, say at 3.5, (for around 5% loss) , why not allow him to put on 20 times his principal. £200,000?
Yes the trader may have absolutely no intention of taking a £10k loss, but why no facility for those who would leverage themselves?
Even for a punter betting £100 on Man Utd at 2.0, if he has a (site administered) stop loss on at 4.0, said punter may fancy risking a little more.
There are problems everywhere - the price may gap so customers using a stop loss facility would have to have some sort of credit clearance if they have insufficient funds. It may not work in-play because of extreme price fluctuations, but maybe it would attract heavy liquidity.
Or do people need protected from this kind of thing??
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Sports betting is much more volatile than financial markets, not to mention what could happen during the outages !!
I used to trade warrants without leverage and those are volatile.
Yes there are a few financial markets that are very volatile, like warrants and futures/options, especially in the last day(s) before they expire, but you wont get much leverage in these cases.
Sports betting is still much more volatile than these markets.
Sports betting is still much more volatile than these markets.
I went for a beer a while back with a group of old school friends, one of which (who was never very bright) was telling all and sundry that the stock market was a good place to gamble because even if the stock dropped in price you never lost your money. This was the day after I went short on Enron at $9.80.
That's the way it does work for the city ponces Alex.
Of course they're not gambling with their own money.
How some pension funds trust themselves in the hands of these people is really quite frightening.
Regrettably investing on betfair are not prescribed investments although investing in betfair is.
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