Tips for Tikay - spread betting on the side

[Simon Galloway]

Don't want this turning into a stop loss thread when it is meant to be a spreads-for-beginners thread. Stop losses don't have to give any equity away at all. As per previous in this thread, you can use a different account when it suits to get unlimited upside with a known and manageable downside. Using a stop-loss account where that doesn't change your upside, but does limit your downside, isn't a bad thing.

[Doobs]

They are automatic on bets when you have a stop-loss spread account. At the time of placing a bet, the stop-loss/win is preset

And the stop less is still triggered by the spread moving above it?  So you don't have a risk free arb.  

Of course you can get a stop win too, but then you get no profit.  

This all feels really messy.  We can have normal accounts, stop loss accounts, guaranteed stop loss accounts and we have a bunch of newbies not having a clue what they are doing reccing bets.

[Simon Galloway]

No, the stop loss is not triggered , think of it as and adjustment to the settlement. If Aus are 150-2 and going strong, your sell@ 370 won't get stopped out because the quote is 580-600.

Tony asked for a dummies guide, and that's what I've put up. Will people make mistakes? Yes. Will most people lose long term? Yes.

[DungBeetle]

They are automatic on bets when you have a stop-loss spread account. At the time of placing a bet, the stop-loss/win is preset

And the stop less is still triggered by the spread moving above it?  So you don't have a risk free arb.  

Of course you can get a stop win too, but then you get no profit.  

This all feels really messy.  We can have normal accounts, stop loss accounts, guaranteed stop loss accounts and we have a bunch of newbies not having a clue what they are doing reccing bets.

I think for the purposes of the thread, we should assume that accounts with no stop losses are in operation at all times.  I read the SPIN rules on this as per Simon's understanding (as in it doesn't work like financial stop outs and is a post event makeup adjustment).  But anyway probably best for illustration to just consider normal vanilla accounts. 

[Jamier-Host]

I'll be at Twickenham tomorrow. How best to smash up my Sporting Index account for max degen excitement?

[DungBeetle]

Anybody got any fancies for the rugby world cup spreads?