Binary betting - FTSE / Dow

This is a discussion on Binary betting - FTSE / Dow within the Fixed Odds & Binary Betting forums, part of the Markets category; Originally Posted by Laconic BlueSq(107% o/r) and Paddy Power (109% o/r) also offer fixed odds on daily financial indices. 13-15% ...

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Old Aug 31, 2005, 2:20pm   #51
 
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Quote:
Originally Posted by Laconic
BlueSq(107% o/r) and Paddy Power (109% o/r) also offer fixed odds on daily financial indices.

13-15% is a typical overround for Ladbrokes 5-minute FTSE bets, (a 14% overround in probability equates to a 12.3% theoretical hold by the bookmaker)
Who else makes 5-min markets?
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Old Aug 31, 2005, 2:48pm   #52
 
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Quote:
Originally Posted by Laconic
BlueSq(107% o/r) and Paddy Power (109% o/r) also offer fixed odds on daily financial indices.

13-15% is a typical overround for Ladbrokes 5-minute FTSE bets, (a 14% overround in probability equates to a 12.3% theoretical hold by the bookmaker)
what's the maths behind 14% o/r equating to 12.3% theoretical hold?
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Old Aug 31, 2005, 3:14pm   #53
 
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Who else makes 5-min markets?

I'm not aware of anyone other than Ladbrokes offering 5min index bets. I believe they developed the platform with Cantor so presumably they too could offer them if they decided to.

what's the maths behind 14% o/r equating to 12.3% theoretical hold?

(14 / 114) * 100
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Old Aug 31, 2005, 8:22pm   #54
 
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Smile Daily FTSE.

Quote:
Originally Posted by Robertral
try ladbrokes.com it has a pretty neat platform
Many thanks for the info. It does look interesting, I will give it a try.
Thanks again, Bernard.
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Old Sep 7, 2005, 3:15am   #55
 
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To all:

I've been SB with capital Spreads for nearly three years now and I've had my ups and downs, but during the last 9 months I've turned a corner, as it were. I bet the FTSE in general and I like to add by how much it will rise or fall. Very bold of me, but hay ho.

My question is, is there any web site / company out there in the big WWW abis that allows betting on how much the FTSE will rise/fall, ie: 10, 20, 50pts etc. I think they call it 'Spot Trading.' You win if it hits your prediction in a set time frame and lose if it doesn't, but without the option of marginal winning/loosing, ie: if you bet the FTSE will rise/hit 25pts and it hits 20pts you still gain.

Any comments are appreciated.

Yours

UK
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Old Sep 7, 2005, 12:49pm   #56
 
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try betonmarkets.com, they have a wide range of betting options
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Old Sep 7, 2005, 12:53pm   #57
 
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Quote:
Originally Posted by ukhero
To all:

I've been SB with capital Spreads for nearly three years now and I've had my ups and downs, but during the last 9 months I've turned a corner, as it were. I bet the FTSE in general and I like to add by how much it will rise or fall. Very bold of me, but hay ho.

My question is, is there any web site / company out there in the big WWW abis that allows betting on how much the FTSE will rise/fall, ie: 10, 20, 50pts etc. I think they call it 'Spot Trading.' You win if it hits your prediction in a set time frame and lose if it doesn't, but without the option of marginal winning/loosing, ie: if you bet the FTSE will rise/hit 25pts and it hits 20pts you still gain.

Any comments are appreciated.

Yours

UK
It's not called spot trading....
Binarybet, IG, cantors all do these kinds of bets
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Old Sep 7, 2005, 6:54pm   #58
 
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Quote:
Originally Posted by jules101
try betonmarkets.com, they have a wide range of betting options
Thanks Jules

Checking it now.

UK
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Old Sep 7, 2005, 6:57pm   #59
 
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Quote:
Originally Posted by Robertral
It's not called spot trading....
Binarybet, IG, cantors all do these kinds of bets
Thanks also to Robert,

plenty there to keep me going for a while.

UK
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Old Sep 15, 2005, 10:41pm   #60
 
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Wink Re: Binary betting - FTSE / Dow

Quote:
Originally Posted by Scripophilist
Guys, I've checked the binary bet site and registered. The problem you have here is they are always overround by 5%.

You can't win in the long term, They are selling you a 100% probability at 95%. No matter how clever you are they are "Cheating" you!

Cheating you is the wrong word really but imagine the market price of a stock being 100p. You can buy it in the open market at that price but if you want you can go binary and buy it for 105p.

The only thing I can see these useful as are hedging mechanisms. But you will still "Pay" a 5% commision on each trade effectively.

These are good money earners for IG et al...

They can hedge quickly in the underlying market also.

I've found a way to make money from them, but it involves passing off the risk to somebody else and hedging in the open market.

Check out http://www.probabilitytheory.info if you want to qualify my comments on binary bets.
I have been using binary bet for quite some and am really intrested in your theory about winning agains binary bet could you please advise me at all
Rav-my email is nshah10@hotmail.com....I would like some guidance thanks
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