IG Index: New custom binary bets

This is a discussion on IG Index: New custom binary bets within the Fixed Odds & Binary Betting forums, part of the Markets category; Originally Posted by Zod I tried a Custom Bet yesterday and to be honest I prefer Binaries. Yes, Custom Bets ...

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Old Oct 22, 2010, 4:49pm   #11
 
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Re: IG Index: New custom binary bets

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Originally Posted by Zod View Post
I tried a Custom Bet yesterday and to be honest I prefer Binaries.
Yes, Custom Bets seem to be a rip-off compared to binaries at the moment.

As IG dont display the 'closing out early' odds, they only show the running P/L, they can pretty much reduce the running P/L by say 20 or even 50%, and they seem to be doing this.

With normal binaries the closing out early odds are always on display as well as the P&L. Normal binaries are always a two way market and you always know what your closing odds are if you want to get out early.

Ofcouse, if you hold a custom bet till expiry you get the odds you opened with, just like regular binaries.

Last edited by donaldduke; Oct 22, 2010 at 5:07pm.
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Old Oct 22, 2010, 7:16pm   #12
 
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Re: IG Index: New custom binary bets

surely you can just do an exactly opposite closing bet to close the thing out?
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Old Oct 22, 2010, 8:12pm   #13
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Re: IG Index: New custom binary bets

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Originally Posted by arabianights View Post
surely you can just do an exactly opposite closing bet to close the thing out?
yes u can if u use predefined betting like regular binaries or fixed odds , but with custom bets u cant ...
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Old Oct 23, 2010, 1:22am   #14
 
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Re: IG Index: New custom binary bets

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Originally Posted by arabianights View Post
surely you can just do an exactly opposite closing bet to close the thing out?
Not all Cutom Bet types have equivalent opposite bets. There is a 'close in range' bet type, but there is no 'out of range' bet type, which would be the opposite.

And most bets have time limits for entry, so you cant do an opposite bet (or even the same bet, at different odds obviously) in the last 30 minutes even if an opposite bet is available.

Still these new Customs Bets provide lots of oppurtunites that regular binaries dont.. even if IG are stacking more of the odds in their favour.

Just be prepared to pay an even larger premium than normal binaries to get out early.

Last edited by donaldduke; Oct 23, 2010 at 5:37am.
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Old Oct 23, 2010, 4:37am   #15
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Re: IG Index: New custom binary bets

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Originally Posted by gibson View Post
Hello,

IG Index have just launched a new service. Custom Binary bets - a lot like Betonmarkets although everything seems to look a lot better. It doesn't have the annoying price lag like Betonmarkets does. Hopefully this service will be good.

Anyone used it yet? I would be interested in seeing what you 'pro' binary traders think. I am new to the whole binary scene (literally 3 days!) Iv always traded futures or FX. Although it does look like something I may be interested in pursuing further.

Nice one,
Gibson
"Pro" binary "traders"?
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Old Oct 24, 2010, 7:09pm   #16
 
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Re: IG Index: New custom binary bets

Hi everyone. I'm completely new to spread betting and have only just signed up to IG index last week. As a newbie with 0.1 point positions, I'm working with P/L in the range of only a few pounds on regular spread betting. On custom bets however, I've made a profit of £500 in the last few days since it started. Works out about £150/hour of time spent which I'm obviously happy with (especially as a newbie).

The Wall Street 2 minute fast bets seem to work as long as you are disciplined. I set myself a target to double my initial deposit and to call it a day if I lose half of it. Just wait till you think the price direction turns the other way and make a bet (higher/lower). 4 times out of 5 I've been correct, so hopefully soon I will feel comfortable with upping my stake as now I'm just playing with winnings.

Word of warning for those using small stakes (like me). The default stake is £100 and occasionally the stake jumps back to £100 (even though you selected e.g. £10) and then when you bet you realise you've just bet 10x what you were willing to stake! Happened twice to me but fortunately both times I better in the right direction!
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Old Feb 25, 2012, 6:51pm   #17
 
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Re: IG Index: New custom binary bets

Quote:
Originally Posted by gibson View Post
Hello,

IG Index have just launched a new service. Custom Binary bets - a lot like Betonmarkets although everything seems to look a lot better. It doesn't have the annoying price lag like Betonmarkets does. Hopefully this service will be good.

Anyone used it yet? I would be interested in seeing what you 'pro' binary traders think. I am new to the whole binary scene (literally 3 days!) Iv always traded futures or FX. Although it does look like something I may be interested in pursuing further.

Nice one,
Gibson

Hi, I learnt from this guy and the results are very good

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Old Feb 26, 2012, 10:31am   #18
 
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Re: IG Index: New custom binary bets

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Originally Posted by winnertakesall View Post
Anyone tried marketsworld.com for binary options yet? They say they pay out 95% profit on winning trades which is substantially more than all other binary websites (I have used an option before which pays about 71%) and marketsworld are licensed in Great Britain? Are they a new site? I had not heard of them until recently.
It must be new company, website is like mafia webpage even thou they give you 95% doesnt mean you will earn, they may have some odd spreads, try and let us know please
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