Fantasy Spread Betting Game from Paddy Power

Fantasy spread betting mania has become widespread all due to Paddy Power’s latest craze. Savvy spread bettors have been diving into a fantasy spread betting game in which traders pit their skills against each other to win prizes for the past month. The game has attracted hundreds of players in the last couple of weeks since its launch on 13th of August. A Dublin-based trader, username FionnualaR2, was the winner and successfully turned €10,000 of virtual money into €82,000 over the course of the competition.

The trading game encouraged players to trade on all markets and the results were judged on the account valuation for registered players at the end of the term on August 28th.

Prizes for the competition included a £1,000 funded account, subscriptions to the FT.com as well as a number of trading books. Most traders were eager to update the scoreboard and a list of all the top players were updated daily on the site. The game was open to all demo account holders registered on Paddy Power Trader.

Irish-based financial spread betting firm, Paddy Power Trader says that it has watched spread bettors grow their balances by opening long and short positions on a number of markets including Oil, Gold, FTSE, DJIA etc since the demo spread betting competition began.

“The fantasy spread betting game was really an exciting challenge for many of our traders. We were delighted to see so many people take up that challenge and get involved. Using blogs, real time news and other tools, a lot of the traders were able to acquire high scores. The trading by the winner, FionnualaR2, was particularly interesting to watch. It just goes to show you how much can be done when traders compete against each other. We see this as another integral part of our developing consumer user experience,” said Davin McAnaney, Commercial Manager of paddypowertrader.com.

Thoughts: A bit of press/public relations from Paddy.

Tags: competition

This entry was posted on Tuesday, September 8th, 2009 at 3:02 pm and is filed under Public Relations. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.