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 redsol Yes, hopefully the system will improve over time. Too early to judge its quality now. was ...

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Old Oct 16, 2010, 2:04pm   #8
tar
 
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Re: IG Index: New custom binary bets

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Originally Posted by redsol View Post
Yes, hopefully the system will improve over time. Too early to judge its quality now.
was it simple up-down bets " fast money bets " ?
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Old Oct 16, 2010, 2:13pm   #9
 
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Re: IG Index: New custom binary bets

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was it simple up-down bets " fast money bets " ?
The problem is clear with no touch and I'm not sure whether it's the case with other sorts. Maybe it is because I tried with other sorts but I forget which one exactly. And I live in a different time zone ( +8 ) and place bets with the largest payout/stake ratio and I don't know whether it has something to do with the system.
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Old Oct 21, 2010, 10:28am   #10
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Re: IG Index: New custom binary bets

I tried a Custom Bet yesterday and to be honest I prefer Binaries.
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Old Oct 22, 2010, 3:49pm   #11
 
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Re: IG Index: New custom binary bets

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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 4:07pm.
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Old Oct 22, 2010, 6:16pm   #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, 7:12pm   #13
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Re: IG Index: New custom binary bets

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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, 12:22am   #14
 
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Re: IG Index: New custom binary bets

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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 4:37am.
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