Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

What is the opposite of a hedge?
The opposite of a hedge is leverage (aka gearing). A hedge is where you spend money to reduce your exposure. Leverage is where you spend money to increase your exposure. Spread bets are a form of leverage - that's what makes them such an effective way to lose all your money, quickly.