Binary betting - FTSE / Dow

delboy trotter

Thanks for the advice. Post has been deleted. I'll try out the system over the coming week and see if it delivers an edge.

riwf

riwf, can you shed any light as to what you are working on?

Wideboy

I'm trying an approach that doesn't use binary betting as a straight win/lose bet. If I have any success this week, I'll post a report on Friday. I posted a question about it yesterday - dbt suggested I keep it unpublic meantime.

riwf

Anyone else had this.

had a binary bet on Wall street ending 0-20 pts down for the day.
Brought@15.4. I then pressed the sell button @ 46. I then got the confirmation saying I had sold £5 @ 36. Yet on screen it was still showing around the 46.

I phoned up about this and they chatted in the background for a few minutes. By the time they came back to the phone the price was @ 7 and they told me it was just because the markets were moving so quickly. If this was an index I could check the price for the moment I sold, but no way to check for binaries.

Does anyone know how the calculate the price for the binary bets anyway.

There is a second or so delay between hitting the sell button and the order going through. I had a similar problem a few times. It is strange how the trade seems to go through at a worse price every time.

Adrianallen99 and Bigbusiness

I've never had any problems getting the price at which I want to sell. The only odd problems I've had relate to when I try to place a bet that will have the effect of counter-balancing my other bets and leave the certainty of a small profit rather than the possibility of a large gain (or loss) - i.e. betting that the index will finish up <100 (or down). Suddenly, I'm told that my bet can't be accepted, because I don't have enough money in my account, when the screen shows that I have adequate funds to cover the bet. Perhaps it's a glitch - perhaps an indication that the programme is set to remind the punters that they're on a gambling site, where risk reduction isn't playing the game, unless they are doing it.

Good luck
RIWF

Maybe it is my computer, the is no broadband where I live and internet dial-up connections can be slightly slower than somewhere less remote.

I have to admit it is causing a real problem.

I also tried to go long on the dow yesterday when it was at +55 pts. I just couldnt get the position filled, either errors or problems with my bet - had trouble getting through to dealing room. Price was at 71 before I got through so I didnt bother. Doh!!!

I have a fast connection and have had problems with them. Sometimes there are too many people using their online platform and it has slowed down and crashed in the past.