Spread Betting on Paddypower.com

Hi,
I was just on paddypower there and noticed that they have launched a new spread betting service.

Has anybody on here ever done any spread betting? Is it really really risky ?? Also what is the cost of rolling over rolling bets to the next day?Is it expensive?? I think I might indulge in apple cause they're making at least a dollar consistently every day??

I look forward to hearing other peoples experiences..

Here is one thread (among others) that discusses spread betting.

how exactly is the overnight financing calculated on their website??

In the formula they give on the site:
How do I determine what U (bet unit risk is)?
And day basis??


Thanks..

You'd stand a better chance of getting accurate answers to these questions if you put them directly to Paddy Power . . .

I'm also interested in signing up to that Paddy Power Trading site. Think I'll play around with the €10,000 play money before I put my own cash in. spread betting is extremely risky.

A friend used to do it. Overall he lost money.

The saying is true: the bookie always wins.

I would stay away...