Recent content by PhiltheBear

It seems that City Index has had its bid for the IFX group (including Finspreads) accepted. Comments?

Decimal odds are usually quoted to include the stake returned. Thus Evens would be shown as 2. If you use decimal odds - where S1 is the stake on the first bet at odds of O1 and O2 are the current odds on the second bet your new stake should be S2 where S2 = S1*(O1/O2) Provided the odds are...

It depends on the odds on offer - nothing more. If you had put, say, £100 on at evens then when the bet moves into profit you should collect £100. However, you are at risk for £100 - your stake. You can only make a profit if you can now get odds of the market moving in the 'wrong' direction that...

It would be interesting to see what happened if you placed your bet on the Cantor's site.

Ladbrokes IS Cantors. Basically Binary Bets are a particular type of option so you can, if you want, emulate them using Excel or whatever. The 1 minute close period is way too long - 30 secs would be too long in reality. But it gives the boys at Cantors the chance to lay off their liabilities...

Let's nail this. Spreadbets - of ANY type - are treated, in law, as 'Contracts for Differences'. Way back in the 1980/90s City Index brought the first action against a punter for an unpaid debt (I think it was for about 40K). The case went through all the levels of appeal and was decided in City...