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PaddyPower Financials

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  • 24-01-2008 11:15pm
    #1
    IrishMike
    Closed Accounts Posts: 2,698 ✭✭✭


    Anyone started using this?
    Just started working as an analyst for a stockbrokers (hence my absence from
    here) and let me say its is just fantastic.
    The money that can be made is actually scary.
    Gonna mess around with the demo account for another week or too but from the
    looks of things at the moment my days with soccer betting could soon be over.
    Fantastic money making opportunities (which ill share i promise :) )


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    #2
    jameshayes
    Registered Users Posts: 3,772 ✭✭✭jameshayes


    I bet on financials on BF, it's pretty easy, you can make a fair few quid...


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    #3
    kippy
    Registered Users Posts: 18,601 ✭✭✭✭kippy


    Is this just the bets on whether the markets will be higher or lower than it was at the start of the day?
    Or is there something else I am missing?


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    #4
    IrishMike
    Closed Accounts Posts: 2,698 ✭✭✭IrishMike


    kippy wrote: »
    Is this just the bets on whether the markets will be higher or lower than it was at the start of the day?
    Or is there something else I am missing?

    No you can also bet long and short and set get out and buy levels.
    Have a look at the tutorials on PP they only take 5 mins.


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    #5
    Mellor
    Registered Users Posts: 39,382 ✭✭✭✭Mellor


    Is it easy to make money, for the average punter?
    I thought that because of the difference betwee the buy and sell price you were going to be snookered


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    #6
    5starpool
    Subscribers Posts: 32,855 ✭✭✭✭5starpool


    This doesn't seems very gambling relevant to me. Unless someone has a convincing argument why this thread should stay open it will be closed or moved if I can find a suitable home for it.


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    #7
    Pj!
    Closed Accounts Posts: 3,783 ✭✭✭Pj!


    Its spread betting. Whats the problem?


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    #8
    IrishMike
    Closed Accounts Posts: 2,698 ✭✭✭IrishMike


    5starpool what on earth are u talking about?
    Its spread betting, how much more gambling related can u possibly get?


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    #9
    kippy
    Registered Users Posts: 18,601 ✭✭✭✭kippy


    5starpool.
    It looks to me like this is a very relevant topic to this forum.
    First of all Paddypower run it. Thats a pretty big Gambling link straight off I reckon.

    To the other posters, I'll check out the tutorial.
    Kippy


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    #10
    5starpool
    Subscribers Posts: 32,855 ✭✭✭✭5starpool


    Me not knowing what I am talking about is a pretty good reason I think. I thought it was related to the stock market, so not exactly gambling in the sense that I understood the word.


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    #11
    Pj!
    Closed Accounts Posts: 3,783 ✭✭✭Pj!


    Life itself is a gamble 5starpool. ;)


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    #12
    jameshayes
    Registered Users Posts: 3,772 ✭✭✭jameshayes


    Ugh, This hurts my head.... I've lost about 5000K of play money.

    Starting to get the hang of it now... I was into share trading before but I've been out of the loop a while, takes so adjusting!


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    #13
    Keano
    Moderators, Recreation & Hobbies Moderators, Social & Fun Moderators, Sports Moderators Posts: 12,802 Mod ✭✭✭✭Keano


    What sort of stakes are we talking about here? What would be the minimum you could buy etc?


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    #14
    jameshayes
    Registered Users Posts: 3,772 ✭✭✭jameshayes


    1 share is the min...

    i've shares running in AIB at the moment.. Bought them at 14.82 -- Current price; 14:73

    :(


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    #15
    jameshayes
    Registered Users Posts: 3,772 ✭✭✭jameshayes


    It's fun for a free account, and I probably wouldn't be so frivalress(SP?) with real money...


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    #16
    IrishMike
    Closed Accounts Posts: 2,698 ✭✭✭IrishMike


    Made about 4 grand so far in the play account shorting CRH and buying euros against the dollar.
    It was all going so damn well until i pressed the wrong button and bought CRH long instead of short and left it overnight and lost about E4500 :D
    Thank God its play money!


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    #17
    jameshayes
    Registered Users Posts: 3,772 ✭✭✭jameshayes


    ok. i've brought my loss down quite alot, only 2K in the red now.. Starting to get used to it...

    Just watch the buy & sell prices!


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    #18
    IrishMike
    Closed Accounts Posts: 2,698 ✭✭✭IrishMike


    Still about 3k in the red myself.
    Its addictive!


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    #19
    jameshayes
    Registered Users Posts: 3,772 ✭✭✭jameshayes


    IrishMike wrote: »
    Still about 3k in the red myself.
    Its addictive!

    I made my money back from google rolling shares, up 2K in total, but I need to sell them as soon as the US market is open!

    Yeah, it's very addictive, but I thank god it's not real money!


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    #20
    techguy
    Registered Users Posts: 2,234 ✭✭✭techguy


    Hi Guys,

    I've tried this before..What Pi**ed me off was the spread (Diff. between buy and sell price)

    PaddyPower say that they don't charge commissions but this is a commission in itself if you were to look at the real buy/sell price.


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