Battered Bookie Takes a Kicking in the Stock Market
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July has already been the most profitable month on record for clients of city bookmaker http://www.BetsForTraders.com who have been cashing in on recent stock market volatility - at the bookmaker’s expense.
As the FTSE fluctuated dramatically punters were betting furiously on further market falls, some winning bets with odds of as much as 19-1, and so earning a return of 2000% in just a week.
Ryan Kneale, market analyst at http://www.BetsForTraders.com, comments:
“Within the current climate of economic instability, buying shares has not been the best way to make money on the markets. This is why more people are turning to fixed-odds financial betting, where they can make significant financial gains whether the markets rise or fall. To illustrate, if you had invested in a FTSE tracker fund at the beginning of the year, you would now be down 16.2%. But by betting on the falls you could have grown your money by many times, with limited risk on every trade.”
One client won six bets in a row at odds of 19-1 and another savvy punter has made 30 times his money in the last month.
Ryan Kneale continues:
“This is good news for our clients, many of whom are completely new to the markets, but of course when they win, we lose. And with all the predictions that the market instability will continue for a while yet, there are going to be interesting times ahead.”
Source: BetsForTraders.com
