As we approach the new season of the English Premier League a lot of us will be placing our bets with our favourite bookmakers - or maybe you just don't know which one to choose for the new campaign?
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We're going to look at the 3 most popular betting sites in the UK - and why we think you should and shouldn't use them. In all honesty there isn't a lot of difference between betting sites these days - the market is so competitive each one will latch onto a new marketing strategy or new feature on their website pretty quickly so it's hard to distinguish each betting company. Take a look at our reviews of each one and decide for yourself...
William Hill
William Hill has recently become much more popular in general with football fans and has been one of the most widely respected betting sites for many years. Like most sites you can diversely place your bets on-line at home, from your phone on the go and at any local betting shop (which there are plenty of). William Hill also have live streaming (video and radio) for the events they let you bet on which can be viewed on your laptop or phone. For the UK audience William Hill is definitely a good way to go although if you're eastern European or fancy betting on events in the Eastern European market then Williams Hill does fail on that - they put little effort into these markets and you won't find as much to bet on. They are fully licensed and listed on the London Stock Exchange which makes them a pretty reliable place to go... Basically, you won't get ripped off!
Ladbrokes
Ladbrokes is also another betting powerhouse with a very strong presence in the UK market and very strong brand. Their site layout is very simple as well as their branding. US customers are not permitted to bet by Ladbrokes. Ladbrokes like the other offers mobile, internet, in-house and phone betting again showing the diversity and accessibility of the gambling market. They have over 2,700 betting shops all over Europe which shows you how serious they are as a company - who are also fully licensed. The site is fully secured so you shouldn't feel worried about inputting your bank details to deposit money - or on your phone either. Ladbrokes are one of the leading UK betting sites and we highly recommend joining them if it's your first time betting.
Paddy Power
Paddy Power is also on the rise in the UK - you can recognise Paddy Power from their green branding which is synonymous with Ireland. They originated within Ireland in 1988 and are quite a recent bookmaker but are proving to be ever reliable and trustworthy in the gambling community. They have a quick turnaround in cashing out and display a large variety of betting markets from sports to music and other novelty betting. Live betting is also enabled along with the technology to bet from phone, tablet, or on your laptop. PaddyPower will only accept Euro and GBP due to their strong presence in the UK and Ireland.
So which one is the best?
Like we said - every single one is so similar it's really hard to tell. You may like a certain layout of one of the sites, or the way the app looks on your phone. It is really down to personal preference. Personally I use PaddyPower but that's a force of habit and I've never really looked back since. We recommend signing up to each site and gauging which site you like best in terms of accessibility and layout. Every person looks for different things and Ladbrokes, PaddyPower or William Hill may accommodate that!
Currency exchange trading, also known as forex is the buying and selling of foreign currency; it is not done in the literal sense that you might expect. You would not go down to the local foreign exchange bureau and buy Japanese Yen then take them back 2 days later for profit, although you could but you would have to buy a massive amount to make any profit.
Currency exchange trading works a little bit simpler than that, it is all done electronically through a spread betting broker online and you do not need a lot of money to get involved. 유로88 When watching the currency exchange values in a travel agent window they do not seem to change that much but you will also notice that they normally have a couple of extra numbers in the rate of exchange that is necessary. It is these last two decimal places that traders bet on going up or down and what causes the forex market to be so profitable.
So how does it work? To explain the process of currency exchange trading I am going use the example of the EUR/USD this is the symbol for the Euro trading against the United States Dollar; currencies are always traded in pairs one currencies value against another. If the price of this currency was trading at 1.4560 this would mean that 1 Euro was worth $1.45. the 60 at the end in 6 tenths of a cent, these figures are known as pips.
Pips are forex trader terminology for the lowest denomination of a trading currency and what a trader will speculate on primarily. This is where it gets interesting; you can bet as much as you like on the pips, for example, $1 a pip if the currency went up in price to 1.4570 you would have gained 10 pips. Had you speculated that the currency was going to increase in value then you would have just made $10 profit. If you had speculated $10 a pip then you would have made $100.
Even though the rate of exchange still remains at $1.45 you would have made profit on the last two decimal places. If the currency where to fluctuate as much as a whole cent, which it often does the profit would be quite substantial, especially at $10 a pip.
The good thing about spread betting is that you do not have to give away any of your profit in commissions, the spread betting company take their profit at the beginning of the trade through what is known as the spread. When you enter the trade you will be quoted a sell price and a buy price which are slightly different; normally 1-6 pips depending on the currency. When you enter the trade you will be those pips quoted away from the real time price, once you have made these pips up you will be evens and the spread betting company will already have their profit.