In the UK, financial spread betting is regulated by the Financial Conduct Authority rather than the Gambling Commission who regulate spread betting on sports. Financial spread betting (see below) can carry a high level of risk if there is no 'stop'. Spread betting has been a major growth market in the UK in recent years, with the number of gamblers heading towards one million. Spread betting is any of various types of wagering on the outcome of an event where the pay-off is based on the accuracy of the wager, rather than a simple 'win or lose' outcome, such as fixed-odds (or money-line) betting or parimutuel betting.Ī point spread is a range of outcomes and the bet is whether the outcome will be above or below the spread.
Type of wagering where the pay-off is based on the accuracy of the wager
