Some sports teams, in their heyday, would have made for a highly dependable up bet.
Brazil is the most famous national team of the entire world. In Brazil, boys dream extensively of wearing the yellow shirt. It is the most successful team in the history of the World Cup, winning five times. Brazil generally starts as favourites in the spread betting market, and last took home the cup in 2002.
Real Madrid is the best-supported team in Spain and some people say it is the biggest local football club in the world. It has won the European Cup an astounding nine times, of which five were in a row, from 1956 to 1960. David Beckham played for Real Madrid from 2003 to 2007.
Ferrari is one of the best teams in Formula 1 racing and dominated the field in the late 1990s and early 2000s, mostly thanks to Michael Schumacher, whom many people believe to be the greatest F1 driver ever. Spread betting punters often raked in huge sums from buying his total World Championship points, which frequently exceeded 100 points.
Liverpool is widely regarded as the most successful club in English football, and has won the European Cup five times. Its peak was in the 1970s and 1980s under the revered managers, Bill Shankly and Bob Paisley. Liverpool has won the British Football League Championship a record-breaking 18 times, although not since 1990. The team's new manager, Rafael Benitez, has spent much money attempting to develop a Championship-winning team, and his most lauded achievement came in Istanbul in 2005, when the team overturned a 3:0 lead by AC Milan, the hot favourites, to win the final of the Champions League.
Manchester United regularly attracts sell-out crowds of more than 75,000 people, and its waiting list for tickets is the envy of many other clubs throughout the planet. It has won the Premier League a record 12 times. In 1999, it won a treble of the Premier League, FA Cup and UEFA Champions League, which was unprecedented. Manager, Sir Alex Ferguson, is the longest serving manager in England.
The New York Yankees baseball team hails from the Bronx area of New York. It has won the World Series 26 times, making it the most successful club ever. Its most famous players were the legendary Joe DiMaggio and Babe Ruth.
The LA Lakers basketball team has won the championship 14 times and achieved the longest-ever run of victories – 33. Famous players include Shaquille O'Neal, Magic Johnson and Kareem Abdul-Jabbar. Another player, Kobe Bryant, racked up an amazing 81 points in one game playing the Toronto Raptors in 2006. His achievement cost spread betting companies massive amounts.
The name of the Dallas Cowboys is one of the most famous in US sport. It won the Super Bowl five times, a record it shares with the Pitsburgh Steelers and San Francisco 49ers. This team holds a great many records for winning streaks and individual victories, but it was the consecutive three Super Bowl wins from 1992 to 1995 that sets it apart from rivals. The Dallas Cowboys have cost spread betting firms fortunes.
Rugby is the national sport of New Zealand. The All Blacks always perform the traditional Maori Haka dance prior to international matches. The dance was developed to intimidate opponents before battle. The All Blacks are often the clear favourites to win the rugby World Cup.
With such teams as these, you could be confident of not being one of the 90 percent of people whose trades fail.
A penny saved is a penny earned. Spread betting is as much about minimising losses as maximising profits. Traders will always make some losing bets, but the trick is for profits to outweigh losses. Stop losses are critical to saving money.
Anyone who follows spread betting will realise that a fool and his money are easily parted, and the risk and leverage of spread betting make this proverb truer of spread betting than virtually any other activity known to man. If you make a profit, you should resist the temptation to place another bet and hand the money right back to the provider. You should also research a company before handing it your money.
Some proverbs were specifically devised for trading, such as “Shrewdies sell, mugs buy,” “Let your profits run and cut your losses short,” and “The trend is your friend. Stay with it to the end.”