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Originally Posted by Mango
Recently we've had the emmergence of FOBTs and the massive surge in popularity of poker, both online and offline.
What's going to be the next gambling craze though? I think it could be Backgammon, or skill-based games?
Maybe it'll be mobile gambling / mobile poker, or maybe something else entirely? What do others think?
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The next big thing that I know of, is taking off now, is spread betting on the currency market.
The basics = The stock exchange is open and you look at the dollar V British Pound.
As the minutes tick by, the price goes up or down.
A pip is the price at the 4th decimal place ie £1.501 the 1 at the end is the pip.
You can bet whatever money you are willing to bet on movement going up or down.
So lets say £10 per pip.
You bet the price is going to go up.
You place your bet and watch the market, it starts at £1.501 and within minutes it could be upto 1.506.
You can then sell..thats £50 you made.
Do that 20 days a month = £1000.
Thats the basics and its a lot more intricate.
You could sit and continue to watch the price, someone made over £1000 in a few hours, but thats the gamble because the price can turn around and drop as equally fast.
BUT
This company have software, which tracks the market and through historical and other inputs can predict turning points.
So using this software you watch for turning points of markets going up ( or down ), place your bet, as soon as indicators show another turning point, you sell and take your profit.
Looks hard at first, but loads of training ( online conference call ) and downloads etc all free
Also a demo account to practice on, until ready to go live.
You learn about how to limit your losses and wins, thats for when you can't or don't want to watch the market live. You can set a bet up and leave it to run.
Various schemes to use the software or you can buy the license outright.
So as far as something new, yep this is it for me. I'm still training, but I've made a few thousand ( with dummy money ) so it's looking good at minute.
Can't post a link here ( I'll get slapped ) so if you want to know more drop me an email.