What is silver spread betting?
What is silver spread betting? Silver spread betting in the context of the Silver Bullion website refers to various types of betting or wagering on the outcome of events pertaining to silver or the silver market. Silver spread betting is as far as we’re concerned gambling in one of its purest forms. It will not be entertained here in length, and needless to say, it doesn’t belong in a God-fearing society. If you don’t like what you read, well, tough luck! 🙂
The pay-off when it comes to silver spread betting “…is based on the accuracy of the wager (bet), rather than a simple “win or lose” outcome, such as fixed-odds (or money-line) betting or parimutuel betting. A spread is a range of outcomes and the bet is whether the outcome will be above or below the spread” (Wikipedia).