FTSE100 binary betting

guitarman001

OK, it's dangerous, I know!

I've been doing this recently and made a couple hundred out of it.
Today I placed two 5-min binary bets on IG Index (against FTSE100 going above a certain level) and despite the level not being breached, I lost both bets (and lost double my previous wins, eating big-time into the small amount of capital I had in the account).

I wrote to them and told them I would be following this up. I checked the graph (every single tick!) and the prices were not breached - unless they intentionally increased the "BUY" price of the FTSE at the last second in which case I don't know how to check that. Surely not.......

In any case... I've had this account open for years but I will promptly be closing it - spread-betting is no place for me any more... way too risky. Gambling, basically! Thankfully didn't put too much in, but still!

sabretoothtigger

Its informed gambling, if you somehow you know markets it works out better then most bets
I guess theres people who really do know their horses and also do well from normal betting even and most of us kid ourselves

Its a super lucrative business, you might want to buy their shares and take a cut instead