Spread psychology
One of the major aspects that sets spread
betting apart from other forms of gambling is that with
traditional bets, you know precisely the amount you
will win or lose in advance. Usually a losing betting
slip can be casually tossed in the bin and not given
another thought. Not so with spread betting. With a
spread bet, where losses have unexpectedly ballooned,
the experience can often be both traumatic and with
larger bets financially devastating. Depending on the
personality of the bettor, this kind of outcome can
be viewed from varying perspectives. While one person
may put it down to plain old bad luck, the next may
view the loss in the wider perspective of their life
and be bombarded with a whole host of negative emotions
ranging from guilt to despair.
It is said that the spread betting fraternity is split
into three personality types:
The thrill seekers
It is this group that often represent the greatest
area of profit for the spread betting companies. With
them, a gamble is not a gamble unless it is a large
one. Effort, patience, and accruing winning amounts
over an elongated period of time holds little or no
interest with this group; an area that the spread companies
have wasted little time in seeking to exploit. The ultimate
ride for the thrill seeker is one where the spread is
measured in seconds, a good example of which is boxing.
Thrill seekers tend to be attracted by risk and purposely
seek out bets that are, by their nature, governed by
chance.
One of the spread betting clichés is that the
archetypal thrill seeker often appears in the shape
of a bored city trader. It is true that the spread betting
industry was originally geared to this type of client.
However, individuals in the next two types of category
can often fall inadvertently into the thrill seeker
mentality when they can find no decent bets to occupy
them.
The know alls
It is understandable that the practice of spread betting
is more likely to be successful if the bettor has some
degree of sporting knowledge. However just because a
person can recite every Grand National winner from 1950
onwards does not necessarily make them the best spread
bettor. Although it really comes down to the type of
sporting knowledge one possesses, it is safe to say
that often, the information that spread bettors need
to attain success is so obtuse that it falls far outside
of the realm of interesting sporting facts.
The boffins
The true professional gambler will generally not be
found shouting down the terraces at the local football
club or screaming with delight following yet another
win in the bookies. The typical impression of someone
who is pale and drawn from spending to long poring over
formbooks is closer to the truth. Even if these people
may not be walking fountains of sporting knowledge they
often think like a professional; considering carefully
and studiously whether the odds on offer are in line
with the true chance of the event in question occurring.
The truth of the matter is that this leads, more often
than not, to no bet whatsoever being placed as genuine
opportunity for financial gain tends to come rarely
if at all.
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