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spread betting

British  

noun

  1. a form of gambling in which stakes are placed not on the results of contests but on the number of points scored, etc. Winnings and losses are calculated according to the accuracy or inaccuracy of the prediction

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

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Financial spread betting firm IG is predicting the shares could close between 385 pence and 405 pence on their stock market debut on Friday.

From Reuters • Oct. 8, 2013

The dramatic nine-week hearing saw Adoboli described as a gambling-mad markets obsessive who worked long hours and spent much of his leisure time devoted to financial spread betting.

From The Guardian • Nov. 20, 2012

Levene was also chased by spread betting firms.

From The Guardian • Nov. 5, 2012

Though tax and gaming laws tend to be tougher on the Continent, Buik says spread betting will cross the Channel within a couple of years.

From Time Magazine Archive

Four firms engage in spread betting in Britain, and the arrival last May of the Cantor Index, a subsidiary of American brokerage Cantor Fitzgerald, has further boosted the industry.

From Time Magazine Archive