subject: The Attraction of Financial Betting [print this page] The Attraction of Financial Betting The Attraction of Financial Betting
Since the origin of applied mathematics people have been drawn to the risks of betting on certain outcomes. The allure of the unknown has a gravitational pull that keeps many gamblers and wager's looking for that next big promise of fortune. For many people it does not matter whether they win or lose it is the luck of the draw and visions of pound signs that keep their interests peaked.
Losing is more of a by product that can lead to a potential gain. Financial betting comes in many different forms that can eventually lead to a long sought after prize. The world is filled with casinos that sell big dreams in the form of blackjack and slot machines. Convenient stores sell millions of pounds in lottery tickets to people hoping to win the million pound jackpot.
Most people have short memory spans when they turn a blind eye to the thousands of pounds they have spent on losing tickets, but it does not stop them from buying. It is because of this very reason that Wall Street and the London Stock Exchange are some of the biggest financial conglomerates in the history of the world. The stock market has always been seen as the white collar casino for the higher echelon.
When it comes to the stock market, financial betting has some of the worst losses in world history, yet people still continue to buy stock and options worth thousands of pounds. Many people have lost their livelihood due to market fluctuations and scrupulous financial advisors, but others have gained enough to buy million pound mansions and retire happy. It is always the latter that keeps people in the betting lines.
From the stock market crash in the 1930's to the current economic climate financial betting and trading in the market is in a class all its own. When the stock market began to lose more money than they were gaining they came up with innovative ideas to ease wary minds. Through spread betting and trading people are spending less but gaining more. This is creating a reprieve for many people who have lost the nerve to spend all of their hard earned pounds on conventional trading methods.
