Glenn Hoddle spread bets for charity
Football legend enjoys a month of betting with City index
by Leon Hughes on 18th October, 2016
Every month City Index, an online spread betting platform, invites celebrities into their space, educating public figures on the glories of spread betting. Usually betting for a chosen charity this month they selected Glenn Hoddle, the former England football manager to take on the challenge.
With the likes of Michael Owen, Kyran Bracken and Tim Vine all trying their hand at financial betting the platform were understandably honoured to have Hoddle on side, telling Chief Global Strategist, Ashraf Laidi, about the analytical skills he employed as a football manager and how they will stand him in good stead for his month of trading.
Explaining the celeb partnership City Index says:
'We’ve given each celebrity an initial balance of £2,500 in their account and they’ll be attempting to raise money for their charity of choice.
With competitors from the diverse worlds of sport, news, business, music and TV, it’s hard to guess who’ll come out on top!'
Giving each celebrity an initial balance of £2,500 celebs like Hoddle learn to speculate on price levels across major global markets, trying to net a profit and avoid losing face. Following his rather successful month Hoddle turned his £2,500 into £4,144.14, seeing a 60% ROI.
Hoddle's top 5 trades
Working with a very strategic plan Hoddle certainly used his managerial skills when creating his bets, diversifying risk by opting for the following trades:
- Germany 30 - +£856.25
- Wall Street - +£430.71
- Wall Street - +£424.00
- UK 100 - +197.05
- Manchester United Plc - -£125.00
Deciding to give his winnings to a charity very close to his heart the football legend said the following:
'Ataxia-telangiectasia is a degenerative brain condition that causes many of the same disabling effects as ALS/Motor Neurone’s disease, but it only affects young children. This condition causes physical deterioration and attacks the immune system – one1 in three3 children with A-T develop cancer in later life.'
Believing his £4,144.14 to make a real difference Hoddle aims to create awareness, joining in on various charity challenges throughout the year.
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