In times when there are few sports to watch on TV, many bettors are turning to Financial Bets instead. Financial bets let you bet on how stocks, currencies (forex), cryptos or other financial products will perform. This article will let you know what the top 10 Financial Betting Sites are. We will also discuss each type of financial bet in detail, from fixed-odds betting, to spread betting, to CFDs (Contract for Differences)* and Forex.
Table of Contents
- Best Betting Sites We Recommend for Financial Betting in 2021
- Best Financial Betting Sites: Top 10
- What is Financial Betting?
- Where can I bet on Financial Markets?
- Best Financial Betting Sites
- Types of Financial Betting
- Common Financial Betting Markets
- Market Investment versus Financial Betting
- Financial Betting Sites FAQs
- ThePuntersPage Final Say
T&Cs APPLY, 18+ ONLY
T&Cs APPLY, 18+ ONLY
Up to £25 free bets with Spreadex Join and place a £25 fixed odds single bet at min odds of 1/2 and get 5 x free £5 fixed odds single bets. Free bets awarded on consecutive days after qualifying bet is settled. Place a smaller qualifying bet and get different amounts of free bets. E.g. £20 qualifying bet = 4 x £5 free bets, £15 bet = 3 x £5 free bets etc. 18+ begambleaware
T&Cs APPLY, 18+ ONLY
New customers only, max £20 cash refund. Bet must be placed in first 7 days of account opening. Payment restrictions apply. T&Cs apply. #ad
T&Cs APPLY, 18+ ONLY
Register with 22Bet. Make a deposit of at least €1. Get 100% bonus up to €122 for sports betting. The bonus will be credited to your account automatically after the deposit is made. Only one 100% first deposit bonus per customer. Before withdrawal the bonus amount needs to be wagered 5x in accumulator bets. Each accumulator bet must contain at least 3 selections with odds of 2/5 (1.40) or higher. 18+ #ad
T&Cs APPLY, 18+ ONLY
Best Financial Betting Sites: Top 10
Below is a summarised list of the best financial betting sites:
- Betfair Exchange
- City Index
- IG Index
- Financial Spreads
- ETX Capital
What is Financial Betting?
Financial betting is betting that stocks, commodities, rates or other financial markets will behave a certain way. This does not involve investing; you are placing a bet, just as you would on the outcome of any sporting event. If the market behaves as well or as poorly as you have predicted, you have won your bet. In this article, we will discuss the best financial betting sites, what types of bets you can place and which markets you can bet on.
Where can I bet on Financial Markets?
There are several types of sites where you can bet on financial markets. These include bookies, Spread Betting sites, and trading platforms.
Most of the larger betting sites offer financial specials, along with their regular betting options. There, you will often find financial bets (or financials) as part of the sportsbook, similar to how you can bet on sports, politics or other specials.
Spread betting sites
On the other hand, certain sites, such as Spreadex, are dedicated specifically to financial spread betting. Here, you bet a sum per point you expect a certain product to rise or fall by.
While this is not betting in the strictest sense of the word, many trading platforms offer Spread Bets, along with other financial products, which are closely related to betting, such as FX, and CFDs.
Best Financial Betting Sites
eToro is the world’s leading social trading platform and one of the leading exchanges for an ever-increasing number of cryptocurrencies. It lets you trade invest in a large variety of stocks, cryptocurrencies and more, without the need to pay mark-ups, ticketing or management fees. You can trade any volume you want.
The site gives you the choice between ‘real investing’, i.e. buying actual and selling stock or currencies, or trading in CFDs. The CFD option comes with advanced risk management features, including real-time alerts and a customisable stop loss.
If you want to see what trading CFDs, FX or stocks is like, try the free $100,000 demo account to experience trading without any risk.
Spreadex is the main site for financial spread betting in the UK. It allows you to bet on indices, shares, FX and commodities, as well as sports. Spreadex has over 60,000 account holders, and has dominated the spread betting industry in the UK since 1999. You can use it to bet on more than 10,000 global markets.
Financial spread betting
Instead of fixed odds betting, you can wager an amount per point.
- A share is currently at 100p, with the spread at 99p to 101p
- You can either buy at 101 or sell at 99.
- You choose to buy at £10 per point.
- If the stock goes up at, you gain £10 per point.
- If the stock goes down, you lose £10 per point.
This method of betting has many advantages compared to traditional speculation. It requires less investment of time and money, and since it is a bet, it is completely tax-free!
Sports spread betting
Spreadex also offers sports spread betting, allowing you to bet on a team or player’s performance in a match. This applies to game stats such as points in rubgy, goals in football, or the distance a horse will win by in a race. The more right you are, the more you win. The more wrong you are, the more you lose.
Other financial products
The site also offers other financial products:
- Trade CFDs* with the same account
- Trading with margin rates
- Deal AIM stock shares
Opening a Spreadex account is free, with no charges or minimum deposits. The pro account comes with an interest-free credit limit.
Betfair is one of the biggest and best betting sites in the world. Besides their regular offer of sports betting, you can also bet on financial statistics. These include:
- Bitcoin Specials
- Ethereum Specials
- UK Interest Rates
- USA Interest Rates
- Australian Interest Rates
For example, you can bet on the Closing Price of Bitcoin for this month, or this year.
How to Bet on Financial Markets at Betfair
On the Betfair site, head to the exchange section and choose Financial Bets. Now you can bet for or against an outcome. For example, will Bitcoin be worth between USD 10000.00 and 14999.99 by the end of this year?
Choose “back” if you think it will be, choose “lay” if you think it will not be.
Risk-free bet for the Exchange
While the betting options for financial betting are limited, Betfair offers a fun risk-free bet for the Exchange. Bet £20 on the Exchange and if it loses, Betfair will refund your £20. The bet is for sports, financial bets, or anything else on the Exchange.
4. City Index
City Index is an all-round trading platform for Spread Betting, CFDs and Forex Trading. The site lets you place spread bets on indices, shares, FX and crypto. You can also use CFDs on the same markets.
For beginners, this is a good way to discover spread betting and CFDs. This will help you learn risk management. The site has a wealth of charts and statistics that will keep you up-to-date on the latest financial development.
Pros will appreciate the option to choose between different trading platforms. City Index offers several different apps for iOS and Android, and several software platforms for PC or Mac.
Spread betting is available for 8000+ global markets and the site offers you the ability to win, regardless of rising and falling markets. The site offers the most competitive margins on any UK site. Join now for a free trial account.
22Bet is a great site if you are looking for some small financial bets on the side of your regular sports bets.
In the Financial Bets section (under Special Bets), you can find all sorts of financial data to bet on, such as the price of the euro, the price of crude oil, the price of Bitcoin and more.
The 22Bet Welcome Offer up to £50, which you can use on sports betting, financial betting or politics betting. Your first deposit will be doubled up to £50. Wager between £20 and £50 on minimum odds 1.65 to claim your bonus!
6. IG Index
IG Index is a UK-based site that specializes in financial spread betting, as well as CFDs. The site also offers stockbroking as well as plenty of other investment options.
IG index is a great way for beginners to learn how to trade. You can discover new ways to trade, while learning how to manage risk. The site offers analysis and plenty of regular advice.
Experienced traders will appreciate the tight spreads and speed of transfers. There is also a team of experts you can call around the clock. There are several trading platforms you can choose from.
IG Index offers spread bets on FX, indices, cryptos, shares, commodities and other markets. These let you bet (tax-free) on how these markets will perform.
IG also offers CFDs on the same markets. This gives you the chance to profit from a huge variety of financial markets, whether the price is moving up or down.
7. Financial Spreads
Financial Spreads is a UK-regulated site, with 1000+ spread betting and CFD markets, it offers tax-free trading on several markets, 24 hour trading on currencies, as well as commodities, stocks and indices. The site has a wide array of live charts to help you invest.
Financial Spread Betting
Financial Spreads let you bet on a wide range of markets. This is an alternative to traditional stockbroking. It is 100% tax–free, and you choose the size of your stake. Use risk management orders to limit potential losses. The site also offers very tight spreads: just 0.8 points for the UK 100 rolling cash market, and only 0.7 points on the EUR/USD rolling spot market.
Financial Spreads also offers CFDs at a low cost and commission free. You can use CFDs on stocks, indices, FX and more.
Financial Spreads offers a demo account where you practice trading or betting. This is a good way for beginners to learn trading and finance in general.
8. ETX Capital
EXT Capital is one of the UK’s top providers of FX, indices, Equity CFDs, and Financial Spread Bets. The site feature advanced charts and tools, and can boast low commissions and fees. It won the Online Personal Wealth Awards in 2019.
ETX Capital offers low spreads on over 5,000 markets. You can make transfers instantly, while you have access to powerful charting tools. This is a tax-free way to profit from rising or falling markets.
ETX Capital offers low trading costs. Its award-winning online platform for CFDs is customisable, with charting tools and dynamic risk management.
ETX offers everything for beginner investors to learn about spread bets and CFDs. That includes webinars, e-books, platform guides and more. That makes it the best place to learn Spread Betting, CFD Trading, indices, commodities, shares and cryptos.
If you are looking to get serious about CFDs, we recommend BDSwiss. This trading platform lets you open an account and trade with low spreads from as low as 0.0 pips. The site offers low commissions and £0 deposit fees. The site comes with no markups or hidden fees. Stay up to date with its exclusive alerts and use its tools to perform your won market analysis.
BDSwiss lets you trade shares, indices, FX, commodities and cryptocurrencies with CFDs. This gives you access to the largest and most liquid markets in the world.
The best way to learn practical trading is with a demo account at BDSwiss. That way, you can learn how to deal with real market prices. The user-friendly portal allows fast deposits and withdrawals with most payment options.
Plus500 is a specialized platform for Forex CFDs*. If you want to capitalise on rising or falling exchange rates, this site is the best. with no commissions and ultimate money security. A free demo account at Plus500 is the best way to learn Forex CFDs.
Types of Financial Betting
Financial betting can be divided into three categories, depending on how payouts work and how much you can win or lose. The most common types of bets are Spread Bets, Fixed Odds Bets and Binary Bets.
Fixed Odds Betting
Fixed odds are the easiest to bet on. You bet that the markets will reach a certain point, and if it does in the given time frame, you win your bet. The bet has a set closing time, and you win according to predetermined odds. These are the type of financial bets that most bookies offer. For example, you can bet on the price of US dollars in Pounds at the end of the year or month. The bookie will pay your winnings in the same way they settle sports bets.
Financial Spread Betting
Financial spread bets are becoming increasingly popular. In spread bets, the risk is slightly higher, but the reward is too. Spread betting works by betting a certain sum per point. You can bet on shares, FX, indices, etc. If you bet a stock will rise, you will win for every point it rises, but you will lose for every point it falls. This can lead to big wins, but also big losses. However, the risk is limited by the fact that you can cash out at any moment and that the bet has a time limit.
How to place a spread bet
If you have never placed a spread bet before, here is our step-by-step guide.
- Choose a site with spread betting. We recommend Spreadex.
- Decide which market to trade on. Choose between indices, FX, Commodities, Stocks and Rates. Make sure to do plenty of research, although most spread betting sites offer plenty of extra information.
- Decide to buy or sell. Choose to buy if you think the price will go up. Choose to sell if you think the price will go down.
- Choose your stake size. Choose how much you will stake per point. A stake of £10 means you will win or lose £10 for every point you are right or wrong by.
- Do not forget a stop loss. A stop loss is an order to close the position if it moves too far against you. This is how you minimise losses.
- Close your trade. When you have reached the desired position, close your trade and collect your winnings.
CFDs are complex financial products. The abbreviation stands for Contract for Differences. They are contracts to settle the difference between opening and closing prices. These are typically used for FX Index, cryptos, stocks, and commodities. Essentially, these are price bets on whether the price of the underlying asset or security will rise or fall. Instead of buying the asset, you make the contract with a CFD broker. You will not own the asset; you will receive a profit based on how well it performs.
- You believe stock A will rise.
- You set a contract with a CFD broker.
- You “buy” 100 shares of stock A for £10 a share.
- The broker only requires you to pay 5% or £50.
- As expected, stock A does rise.
- The broker sells the stock on closing day.
- You pocket the difference in value.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Common Financial Betting Markets
Whether you are using CFDs, Spread Bets, or Fixed Odds Bets at a bookie, it is important to know exactly what you are betting on. When you are betting, you are not actually buying any of these products; you are simply betting on how well or poorly they will perform. The six markets below are the most common for financial specials, spread bets, and CFDs*.
1. Betting on Equities
Equities is another word for stocks or shares. When you buy equities, you are buying a percentage of a company, making you a partial owner. These are what people are buying and selling in the London Stock Exchange. Stock prices vary from day to day, month to month, or year to year. When people buy stock, they are speculating that the price will go up, so that they can sell at a higher price. People also buy stock for dividends (a share of the company’s profit), or to get a controlling stake in a company. When you bet on stocks or equities, you are not buying them – you are betting on what their price will be in a given time frame or at a specific time.
2. Betting on Indices
Indices is the plural of Index. A good example is the Financial Times Stock Exchange 100 Index, or FTSE 100. This index measures the price of the top 100 companies listed on the London Stock Exchange. Many people see it as an indication of the prosperity of UK businesses. You can bet that the FTSE100 or any other index will rise or fall.
3. Currency Betting (Forex)
Forex is short for Foreign Exchange Market. This is the decentralized global market where you can trade or buy currencies. When betting on forex, you bet on the price a certain currency will have at a certain time. For example, you can bet on the price of US dollars in British Pounds. The Forex market is divided in:
- The Spot Market: The current market price for immediate payment and delivery.
- The Forwards Market: The market price for future delivery and payment.
- The Futures Market: Futures are contracts to buy or sell currency at a set date, time, and for a certain amount.
4. Betting on Commodities
The commodity market is the primary economic sector, dealing with raw goods rather than manufactured products, such as cocoa, rice, grain or sugar. Gold and silver are also considered commodities. You can bet on what the price of these goods will be at a given date.
5. Betting on Rates
Interest rates are another financial product you can bet on. The most important interest rate in the UK is the LIBOR. The London Inter-bank Offered Rate is calculated from estimates provided by the most prominent UK banks. Each bank estimates what it would cost them to would borrow from other banks. Other interest rates you can bet on include rates set by the European Central Bank or Bank of England Base Rate.
6. Cryptocurrency Betting
Just like betting on fiat currencies like dollars, euros and pounds, you can also bet on what the value of a certain cryptocurrency will be at a given date. For example, you could bet on the price of Bitcoin in Pounds at a given moment in the future. Betfair offers this option. Other cryptos you can bet on include Ethereum, Litecoin, Bitcoin Cash and XRP.
Market Investment versus Financial Betting
By now, you should realize the main difference between financial betting and market investment. While buying stocks could be considered a bit of a gamble since you don’t know how well they will perform, this is obviously very different to financial betting. When you are betting, you are not actually buying anything. You will not own stocks, bonds, foreign currencies or any other financial product. You are simply wagering against a bookie that certain financial product will perform in a certain way. You can bet that a price will fall and make a profit, or bet that a price will rise and make a profit. As long as you are right, you will win.
The Advantages of Financial Betting and CFDs
Financial spread betting, betting on financial specials and CFDs have a much lower entry barrier than real market investment. They are suitable for casual bettors and financial experts alike. Here are the top six advantages.
- Lower fees: No matter where you set up a trading account, there will always be fees involved. When you are betting, there will of course be a small house edge, but there will be no fixed fees or transfer fees involved.
- Faster: When you are betting on the performance of financial products, it will take less than a month for your bet to be settled. Most financial products only yield once per year, or give profit when sold. You will need plenty of time to make money off traditional financial products like stocks and bonds.
- Less cash needed: If you want to make a profit of just £1000 on traditional financial products, you will need to have a huge budget, since profit margins are not very high.
- Easier to learn: Simply betting on how well a certain market will perform in the short term is probably much easier than knowing how well a stock will perform over the course of an extended period.
- Anonymous: When you are betting, you are technically not buying anything; nothing will be registered to your name, so there is nothing anyone can come looking for.
- Tax laws: The UK has great tax laws when it comes to gambling. While most types of income are subject to tax, income from betting is completely tax-free! While you may have to pay tax on winnings from CFDs or financial investments, all winnings from betting, casino, lotteries or any other type of gambling are tax-exempt, and you do not even need to declare them to HMRC.
Financial Betting Sites FAQs
💹 What are Wall Street bets?
/r/wallstreetbets is a popular thread on Reddit where investors discuss risky or smart bets on the stock market and swap tips. It is also a place where small investors work together, and some even believe that this cooperation has been able to manipulate the market.
❓ What is Sports Spread Betting?
Sports spread betting works in a similar way to financial spread betting. Instead of betting on how well a stock will perform in a market, you are betting on how well a team or player will do in a match. You can bet on game stats like Goals in Football, the distance a horse will win by in a race, or how many points a basketball player will score. The bigger the spread, the more money you will win or lose.
🙋 Can you bet on stocks?
Yes. Instead of buying stocks and speculating on what their value will be in the future, you can simply head to a betting site like Spreadex where you can bet on how well or poorly the stock will perform.
ThePuntersPage Final Say
Betting on financial markets is not the same as actual investment. It has many benefits, including that it is tax-free. Fixed odds betting at bookies is the easiest, while spread betting is becoming increasingly popular. Since you can cash out or use a stop loss, this method can protect you against heavy losses. CFDs are more risky, but the risk does come with a potential reward. A demo account at Spreadex or eToro is a good way to get started without taking any risk.