Beta launch of a new Fixed-Odds Financials betting/Trading site

www. CityOdds.com

Hi,

CityOdds Ltd has recently launched its first Beta (1.1) Fixed-Odds Financial Betting Platform for customer use and feedback. I would be happy to hear views of players as to the good/bad points and look to make a number of staged improvements over the coming months. Were starting with the S&P 500, S&P Europe 350, USD/GBP and EUR/USD.

Please take a look. Feedback in this forum thread would be great. Its free to register and you can play with fun money or join Pay-to-Enter Pooled Fantasy Trading Leagues.

The real money betting is not activated at this stage.

Best of luck and I look forward to the feedback.

Mike
CityOdds Ltd

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Mike
Had a quick look - as far as I could make out you are only offering end of day bets - is that right? If so this won't be for me.

Regards

Hi,

On this launch yes. We shall be rolling out maturities up to 5 years. You'll find the longer maturities will be priced in a similar way to the listed options market.

Thanks for your reply.

Mike - the interface looks slick, but how does your service differ from BetOnMarkets / BetsForTraders?

Hi Chris,

BetOnMarkets appear to have longer term binaries, CityOdds shall be starting with the shortest term binaries (actually the toughest to manage!), settle down and then begin to roll out longer maturities.

There will be focus on graphical interactivity, ease of use, competitive pricing (we try to at least equal IG Index, the market leader in binaries, in comparable products). We also shall look to offer bespoke bets via our, yet to be activated, premium Service.

We shall stick to the range expiry but offer better bid/offer spread execution.

Have a go on the training groups or free leagues...

Cheers

Mike

Cool - so will it be purely "live quoted" products (like IG), or will there also be bets which are placed in advance of the start time? (the only type available on BetsForTraders / BetOnMarkets)

You can bet at any time the market is open. You can also close the bet at any time after you have placed it during the trading hours. Bets left will expire worth either the maximum (win) or minimum (0) (lose) at the close of the trading day (9pm for the S+P 500 for example)

You cannot place bets for days in advance as yet.

All quotes are live.

A couple more questions:

1) What method of odds will the site use? (binary / decimal / fractional / all of these?)

2) What sort of spread are you aiming for (in binary points)?

Once your pricing algorithm is well tuned you also may want to consider MMing on the Tradefair exchange - they just launched a new range of 20 minute bets on the FTSE100.