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Valentino77 got a reaction from mitsubishi in Spread Betting. Just Tax Cuts Or........
I do not know about the USA but in the UK spread betting is a good way of circumnavigating capital gains tax which in itself is a healthy margin on top of potential profits.
In regards to gambling like many of these financial products spread betting has been hijacked to some extent by the gambling industry. However in isolation it is solely a financial product that is especially worthwhile when operated through a legitimate provider such as IG or CityIndex in the UK. Then the advantages become company (and critically Spread) specific.
Just my two cents :-D