Gambling related articles
Spreadex Interview -
Financial Spread Gambling
From Tali Haim.
June 2019.
Did you know that gambling today is more popular than ever before? In
fact, studies suggest that the online gambling industry itself might be
worth nearly $75 billion by 2024 - and that's just part of the story...
There are hundreds of companies that are popping up, including Spreadex.
In a recent Spreadex interview with the MD of the Company, Jonathan
Hufford, we knew what we can expect from them. Here is all the information
about Spreadex and Spread betting.
What is Spreadex?
Spreadex is a company which is involved in sports and financial
spreading. The Financial Services Authority regulates it in the UK. The
company was founded in 2000 by Jonathan Hufford. It has grown to become a
force to reckon with both in national and international sports. Although
it is privately owned, the company has been able to improve its margins.
Which markets does Spreadex deal with?
Spreadex offers market capitalisation in the form of stocks. For
instance, in the UK, the company provides stocks that are more than £7mil.
However, it has grown its market capitalisation to other European markets
and also the US. Some of the indices that are traded include interest
rates, sports rates and currency rates futures. However, these indices are
mostly bought in European countries and the US.
How does Spreadex advertise its services?
The Spreadex logo has become very popular in London. The red and black
Spreadex logo can seem in elevators, taxis and buses; therefore, the
company relies mostly on branding and digital advertising. According to
the Financial Regulations, the company cannot advertise on TV. However,
Spreadex has been trying to attract more customers to get involved more in
fixed odds and spread betting. It is estimated that there are 2.25 million
people in the UK who place a bet. Statistics show that spread betting
customers are about 90,000, which is about 10% of the total betting
activity in the country.
What are some of the challenges that Spreadex faces?
According to Hufford finding clients is quite challenging. This is
because Spreadex deals in a very tiny niche and not many punters are
interested in spread betting. Few individuals are looking to take the risk
and be willing to lose or win multiple times.
Moreover, spread betting is considered riskier because the losses are
open-ended. However, Spreadex has taken the initiative to educate people
about spread betting. It is essential that people understand what they are
getting themselves into when they get into spread betting.
Since the company was founded, Spreadex has been growing. In 2010 the
company launched fully fixed odds betting service. It has also managed to
introduce mobile apps where people can bet easier. The company also boasts
of an online casino which features slots, table cards, video poker and
live dealing. If you are interested in Spread betting, then the company'
has everything that you need.
If you are looking to bet online and make some quick money, it's one
great choice. No more need to visit the nearby casino anymore.
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