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; adrianallen99 I've tried one bet and won. Best time to try them is when the market is steaming high or ...

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Old Nov 28, 2003, 5:06pm   #36
Joined Nov 2003

I've tried one bet and won. Best time to try them is when the market is steaming high or low - go in around the half-hour and see how far they've moved since the top of the hour and decide whether it's likely that the market is going to come back in the time left. Trouble is, the odds offered mirror the probability very well - you'd have to lay out on seventy-eighty points to stand a chance of making a profit. I think they'll be very popular with the 'leisure' gamblers igindex are trying to attract, but they'll always be high risk,

Good luck
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Old Nov 29, 2003, 7:02pm   #37
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If it is going to come back, placing the opposite way would be good. Price gets less than 10 pts just 30 mins in.
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Old Nov 30, 2003, 1:38pm   #38
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That means there is only one chance in ten that its going to go from up to down, or from down to up, in the time left, and nine chances in ten that it wont. All things being equal, I'd go for the 9/10 - but the trouble with the hourly binaries is that anything can happen in thirty minutes, so you're right to be cautious about playing the high odds.

One strategy you could try is to buy when the lower price is below - say - fifteen with more than half the session to go. If a reversal starts, your price will start to rise (remembering that it will have dropped two or three points as soon as you bought so ig could take their cut). Once it's above your buying price, you're in profit. Set yourself a selling price before you start - say, twenty-five percent above what you paid - and stick to it come what may. Over time, you might make a steady profit. If, on the other hand, more often than not your price doesn't rise enough to give you a profit, consider biting the bullet and playing the high odds - at least you'll have evidence of their veracity.

Good luck.
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Old Dec 23, 2003, 5:16pm   #39
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mmm...given up with BB - i.e. getting out while im still ahead. To distracting from Trading. Although - have a betfair account for a bit of fun, can get some tasty odd on their!

Let me know if anyones interested in opening an a/c and you can get £20 if you deposit £20 and make 1 bet!

The markets can remain irrational longer than you can remain solvent. - J.M. Keynes.
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Old Feb 11, 2004, 5:23pm   #40
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Not sure if this will help...haven't got time to read all the posts...

A digital (binary) can be replicated by buying a call at strike X1 and selling a call a X2, where X2>X1...the actual strike of the digital will be 0.5(X2-X1)...i.e this is a tight bull spread

The actual payout will be X2-X1 for S>X2 and 0 for S<X1

Last edited by Robertral; Feb 14, 2004 at 11:58am.
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Old Feb 29, 2004, 12:09pm   #41
Joined Nov 2003
JITASH, re your post of 19-11-2003.

Your strategy on the Dow is sound. In the last couple of months, American traders seem compelled to respond to any positive economic news by piling into equities. The surge seems to happen most often in mid-afternoon - their time - and then falls back. There have been a lot of opportunities to make money using the strategy you describe. I hope, though, that you give consideration to selling when the low-range bet you bought has at least doubled in value, as the market falls back, and don't simply wait in the hope that it will reach your range before closing. As I see it, turning a profit consistently is more satisfying than 'winning' the bet.

Also, think about this strategy - when the DJ price has risen quickly to the 70/80 level you'll get a good price on the High Ranges for Wall St to finish up <100pts (or down) - and an even better price, of course, if the market has already risen above 100pts. If you're confident that the market will finish below100pts, then place a bet here. Over time, it will give you a better return than buying the 0-20 range and hoping that the market falls back far enough to give you a winning hit. This strategy, of course, works in the opposite direction, in a falling market.

Good luck

Last edited by riwf; Feb 29, 2004 at 12:14pm.
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Old Aug 29, 2005, 5:00pm   #42
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Smile Re: Binary betting - FTSE / Dow

Does anyone know of another financial betting site similar to Binarybet (not spread or betting exchanges) where one can bet at fixed odds on the Daily FTSE being up or down on the day?
Any help would be appreciated,
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