Risk Warning : TAM managed accounts invest predominantly in spread bets. Spread betting involves a level of risk to your capital and you may get back less than you have invested. Spread bets are leveraged products; this allows larger positions than would otherwise be possible with the same amount of capital. As a result of leverage, it is not uncommon for the profits or losses on a spread bet to exceed the initial capital deposited. TAM will, however, be placing ‘guaranteed stop loss’ orders against all open trades, to prevent losses in excess of your investment on your TAM managed account.