While I have taken somewhat of an interest in financial betting, I have begun to wonder what the big difference is between trading stocks and financial spread betting. The one big difference is the fact that even through a stock trader and a spread better are both betting on the market going up or down, a stock trader actually owns the stock he or she is hoping will go up in value or if you are shorting a stock, hoping for it to plummet in value. Some one spread betting holds no physical stake in the stock or the market they bet against of for.
Looking into spread betting on the financial markets there is one thing that makes me believe that it will indeed be the biggest form of betting known to man within the next few years. The main reason is that earnings from financial spread betting in most countries are completely tax free. With today’s taxing climate it seems like everything that can be taxed is being taxed. There are also a few things that cannot be taxed that are presently being taxed. If you bet on a pony, you get taxed, if you win the lottery, you get taxed. If a relative passes away, and they leave you money, which by the way has already been taxed, it will be taxed again. Bring on the spread betting.
