Download The Political Punter: How to Make Money Betting on Politics by Mike Smithson PDF

By Mike Smithson

Who's going to win the subsequent united kingdom basic election? who is going to be the subsequent US president? the following president of France? when you've got an opinion, yet are you keen to place funds on it? during this specific new booklet Mike Smithson, the fellow at the back of, takes an in depth examine the realm of political playing. From the fundamentals of ways and the place to gamble to the features of the most markets and the kinds of having a bet on hand. The tough incontrovertible fact that frequently in basic terms the bookmakers win in spite of everything and the gamblers frequently lose applies to the physique of all punters, however it is apparent that through the years the functionality of a few punters is larger than others and people with solid political talents and an realizing of ways making a bet markets function can and do generate profits. the target of this booklet is to aid readers to develop into a part of that crew and to take pleasure in themselves whilst! The latter is a vital point. for plenty of the good delight of making a bet on political results is not any

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Extra info for The Political Punter: How to Make Money Betting on Politics

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Using the telephone or online services of a traditional bookmaker All the major bookmaker firms have big telephone and online operations where you call, find out the odds, make your selection and normally use your credit or debit card to pay your stake. The range of markets is usually larger than you would find in a high street bookmaker. To make a bet you need to open an account – the call centres are usually fairly slick in doing this quickly. 1_withindex:Punter 22/3/07 14:59 Page 36 ❘T HE POLITICAL PUNTER giving your credit card details each time you phone.

Credit account spread betting Advantages • All the main benefits of deposit account spread betting, except that you do not have to put money upfront. • Ideally suited for long-term markets like general election outcomes where you can buy and sell as market sentiment changes and cash in your profits years before the outcome is known. 1_withindex:Punter 22/3/07 14:58 Page 32 ❘T HE POLITICAL PUNTER Disadvantages • The downside risk is significant, and so a very disciplined approach to risk management is required.

The IG in IG Index stands for Investing in Gold. This entrepreneurial approach led to Wheeler becoming very rich; at one stage he was the biggest donor to the Conservative party. His basic concept was to create a betting market which operated in a similar manner to trading in stocks and shares. By the early 1990s this had evolved into sport and then political markets. There are now about a dozen spread betting firms operating in the UK and each follows fairly closely the original concept. Spread betting – how it works Spread betting is easiest to understand when the outcome is linked to a number such as how many seats a particular party will win at a general election.

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