UK Spread Betting Markets

Greed, if you’d like it said Simon Cawkwell, also called Evil Knievil, among the most bear dealers of the stock market. That was my motivation for getting into spread. The self-confessed gambler admits its lure is building money from the markets free from taxation, although the stimulation is claimed by him is more significant the riches. Their gains are free from capital gains tax and stamp duty making a spread wager the medium for your independent investor since players do not have the shares. But unlike puzzles, spread gambling allows punters to wager than the money it is not obvious how much money they can stand to lose and they pay up front.

The matter of the economic crisis to hit the world is a hiccup for Mr Cawkwell. The market is hard, he said. Gambling that stocks will return is just as rewarding as gambling that stocks will go up. In fact, a downturn that is good is loved by Mr Cawkwell. When individuals are stupid that’s, he claimed in October at the peak of the banking crisis boasting which he make 3m. This is your man who announced that. He made a million shorting actions after the aftermath of the 9\/11 terrorist attacks before promptly losing the money again as the markets rose.

Most remarkably, he warned in Nov 2007 that Northern Rock’s shares will be worth 5p and that your bank’s woes represented your greatest shorting opportunity he would ever see. He took his have advice, and booked his million earning, but apparently he might have won more. Thanks to an oversight, he suffered a tax liability of 300, 000 when your usual bookies couldn’t take large enough punts and he’d to put part of his wager through agency brokers. The 62 year old former accountant doesn’t just bet on the financial markets. He reportedly has a plethora of TV screens at his home and office, most of which show financial info, but several display your horses or other traditional gambling sports.

For over a decade, he’s made this his office, that. He calls Evil Towers, putting in 10 hours a day for six days a week. Obviously I enjoy it, he admits. I love trading and sport betting. He cashed in at 250, 000 after siding with your southern hemisphere despite not having seen a rugby match since school. Mr Cawkwell has never revealed your secrets of his success, despite writing at length about his experience as a compulsive spreading better into his books The Notorious Diaries of Evil Knievil and Evil’s Good: Book of Boasts and Other Investments.