Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: maceng2 who wrote (25199)	11/9/2002 6:29:14 AM
From: Steve Lee	Read Replies (1) of 74559

"Also, in Britain. Betting does not hold any water in legal matters. i.e. If you put a million dollars down on a horse race, and some one runs off with your money (like the bookie who took the bet) you have no legal redress. Gaming is regarded as a frivolous activity. Bookies win hands down on legal matters in the UK." That's true for most betting. But the financial spread betting firms are regulated by the Financial Services Authority. Their clients however, are not. You could in fact open a couple of spread betting accounts, short a volatile issue thru one acct, go long the same issue in the other, collect your winnings and escape your losses. But in reality it's not advisable due to there being ways of recovering debt outside of the legal system.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next