Rank Online Casino Bonus Ratings & Reviews Play
1 £50 Welcome Bonus 90 /100
Casino Review
Get Bonus
2 100% Up To £200 & 100 Free Spins 90 /100
Casino Review
Get Bonus
3 200% up to £300 + 25 Free Spins 90 /100
Casino Review
Get Bonus
4 600 Free Spins + 100% up to £500 90 /100
Casino Review
Get Bonus
5 100% Up To £500 & 20 Free Spins 90 /100
Casino Review
Get Bonus
6 100% Up To £100 80 /100
Casino Review
Get Bonus
7 100% Up To £200 + 50% Refund 90 /100
Casino Review
Get Bonus
8 £10 Free No Deposit + £32 For £20 First Deposit 80 /100
Casino Review
Get Bonus
9 100% up to £500 + 100 Free Spins 90 /100
Casino Review
Get Bonus
10 50 Free Spins + Up To £500 Welcome Package 80 /100
Casino Review
Get Bonus

At Best Deal Casinos, we’re dedicated to bringing you the best in online gaming. We hunt out the best deals on financial betting sites so you can be sure you’re getting the best offers and gambling in the right place.

We check out financial betting sites from across the web to bring you the best deals and help you avoid the bad ones. You can trust us to guide you to the best offers and deals, so that your financial betting is confined to the best locations online.

What is online financial betting?

Financial betting draws in many people who want to make a return on financial investing without getting taxed on any gains. It’s a risky way to wager your money but it can bring big returns for brave investors who can bear the high exposure. The key thing to remember with spread betting is that you risk losing more money than you commit to the wager in the first place. This makes it an extremely dangerous form of exposure for the unwary. Before you get involved with financial betting, make sure you really read up on the subject, so you understand the potential risk to your assets.

As it’s a way of investing money without actually owning the underlying financial assets, spread betting doesn’t attract tax in the same way other investments do. This is one of the things that makes it attractive to people drawn to high-risk investing.

What’s worth noting about financial betting is that it still carries on when financial markets are in decline, because it enables you to bet on the direction of markets whether they go up or down. As with any other form of betting, you are essentially betting your money against that of other players. This means that you’re betting that your knowledge of the performance of financial markets is better than that of other players. With financial betting, it’s often the case that the best informed players will emerge on top.

Although there’s regulation to prevent so-called insider trading, it’s very hard to eliminate this. You have to be prepared to take the risk that you are betting your money against people who have more information than you. You could be basing your knowledge of the likely performance of a company’s shares on publicly available information, but other betters could have insider information that you aren’t privy to. This puts them at an unfair advantage. Although there’s regulation that’s supposed to eliminate this insider trading, it’s very difficult to completely avoid it. Unlike a game of bingo or craps, there’s much more opportunity for better informed gamblers to gain the advantage over you in a financial bet.

Unlike self-contained online games such as poker or craps, financial betting requires an extremely high level of knowledge about what’s going on in the wider world. Those people who get involved with financial betting usually have a high level of knowledge of the world of finance and keep very much on top of financial news, such as the movements of the stock market. If you’re passionate about this kind of news, financial betting may appeal to you. Most spread betters tend to read the trade papers and financial newspapers extremely carefully, and study politics and economic policies to try to guess the direction of particular markets.

Spread betting tends to rely on the inequality of information about financial markets. Those who are better informed are often the ones that do best in spread bets; often at the expense of the less informed spread better. One professional spread better was interviewed in the Telegraph newspaper and described how he spent 10 hours a day, six days a week studying the markets and having phone calls with well-informed contacts. If you’re involved in spread betting as a hobby, you’ll find it difficult to achieve the same level of knowledge and insight as someone who takes it this seriously. You need to be prepared to accept this risk if you want to get involved in spread bets.

Financial betting: UK legal situation

Financial betting is seen as ‘tax free’ and is certainly not subject to capital gains tax. This makes spread betting very different from something like day trading, where you actually own the assets you invest in and are therefore subject to taxation. Spread betting is also not liable to stamp duty or commission, so this avoids another significant cut of your investment returns.

However, if you treat spread betting as a job and it becomes your main or only source of income, then it is subject to income tax rules. In general, because spread betting is seen as gambling and gambling wins are not subject to taxation, you will avoid taxation unless it becomes your main source of income. If you treat it as a hobby which supplements your actual income then you’re not eligible to taxation on your gains from financial betting. A tax adviser or accountant should be able to advise you further, based on your particular circumstances. It’s also worthwhile keeping an eye on the legal arrangements for this form of betting, because the legislation can change at fairly short notice and you may find you’re suddenly in a different situation than before.

Spread betting in practice

Spread betting works by taking a position on the market price. For any market you take a ‘buy’ and a ‘sell’ price at either side of the underlying market price. This is known as the spread. If you want to wager that the market is going to rise, you start your spread bet at the ‘buy’ price. If you’re betting that the market is going to fall then you open at the ‘sell’ price. If your guess is correct, and the market moves the way you thought it would, then you stand to make a profit. However, if the market surprises you by moving the other way, you stand to make a loss.

Online spread betting works by paying financial betting sites a small amount to put an automatic ‘stop’ on each market spread that you take using their service. This essentially puts the brakes on if the market changes suddenly and prevents you either making huge losses or helps you realise your win by cashing out once your spread reaches a certain point. We’ll find the financial betting sites that offer the best deal, so you don’t pay over the odds for this service when you take financial bets.

Spread betting is one popular form of financial betting, and it’s easy to try spread betting online. Spread betting lets you take advantage of rising or falling financial markets worldwide, an ongoing phenomenon, and to do so in a tax-advantageous manner. You can try a spread bet on various financial instruments; such as foreign exchange, indices, shares, or commodities markets. Because global financial markets are so huge, there are many thousands of options for your financial betting. You may like to specialise in highly obscure markets, or take unusual positions on known assets. It’s really up to you which of the many financial market opportunities you choose to engage with.

Spread betting is a way to invest without actually committing to buy these assets. This makes it very different from day trading, which is a similar type of financial gambling activity but one where the investor actually buys the assets they are wagering on. One of the attractions for many spread betters is that they can potentially obtain a large amount of exposure in return for only a small deposit. If you’re already invested in other financial vehicles, such as the share market, you may dabble in some spread betting in order to diversify your investment portfolio. For instance, if your shares aren’t performing well, it’s a way to still come out ahead, even in a declining financial market.

Tips for spread betting

It’s best to be well informed before you venture into any financial bets. It’s important that you understand the exact level of risk that you’re being exposed to. What you need to understand is that spread betting can mean you lose more money than you pay up front on your wager. This can expose you to significant risk. It’s important that you understand exactly how much money you stand to lose before you get involved.

It’s also highly advisable that you keep on top of all available information on the markets that you invest in. This is an ongoing commitment, particularly if you intend to hold a trading position for any period of time. You need to monitor the financial markets constantly in case you need to change your position in a hurry to avoid loss or seize opportunity.

Before you plunge into spread betting in a serious manner, it’s an excellent idea to try ‘paper trading’ first. This means that you test you abilities by pretending that you took a trading position and following the markets as if your investment was a real one. This helps you understand exactly what would happen in those circumstances so that you can experience the highs and lows of your involvement in that trade. You can paper trade for as long as you like to ensure you feel completely confident when you finally commit funds and expose yourself for real.

Be wary of people offering spread betting courses, books, guides and talks that promise you can get rich quick. Although you do need to educate yourself before taking financial bets, a lot of the information is available for free. There are many so-called gurus of financial betting and many of them will take your money for services you could obtain for free with your own research. Remember – people good at spread betting make their money spread betting, not by passing on their knowledge to others.

Some spread betters recommend studying the fortunes of the smaller listed companies and avoiding the larger ones. Huge companies on the FTSE 100 list tend to be well documented and less prone to surprising you compared to small companies, where you need to dig a little deeper to uncover their likely worth. Small company shares are often more volatile, and can offer more betting opportunities, compared to larger ones which tend to be more stable.

The trick with spread betting is often to inform yourself better than anyone else in the market. This can mean developing your own style of research or finding other ways to become well informed about the assets you are better on.

It’s quite common for people to be scared off spread betting because of the huge risk involved and the level of knowledge required. Those who eventually come out on top are often those who aren’t deterred by initial losses. Taking a long-term position and not being scared off by short-term losses is usually the best way to eventually come out ahead.

Like other forms of gambling, it’s also important that you set your limit and stick to it. It’s worth researching concepts such as limit orders so that you don’t have to constantly monitor your investments. Limit orders shut down your trades and cash your gains as soon as they are reached, so that you don’t have to be always monitoring activity. Limit orders can also be used to stop losses and lock in your profits. It’s highly advisable you set these up to preserve your position and to unchain you from the trading screen. We can recommend the trading sites that offer these kinds of facilities for your financial betting activities.

Spread betting is a highly risky activity and it’s really best suited to those interested in the financial markets, and those who are prepared to accept a high level of exposure. If you’re interested in venturing into financial betting, we can recommend the best places to engage with this form of gambling. Our mission is to bring you the best deals and the best user experiences available from financial betting websites. Check out the venues we recommend to ensure you get the best deal for your spread betting online.