Binary betting - FTSE / Dow

Robertral · Sep 7, 2005, 6:53am

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

ukhero · Sep 7, 2005, 12:54pm

Quote:

Originally Posted by jules101

try betonmarkets.com, they have a wide range of betting options

Thanks Jules

Checking it now.

UK

ukhero · Sep 7, 2005, 12:57pm

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

rav700 · Sep 15, 2005, 4:41pm

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

BinarySoft Chris · Sep 16, 2005, 5:58am

scripophilist is completely wrong on this one:

1) The formula for calculating binary bets is based on volatility, which is impossible to calculate exactly

2) I've made a decent profit from binarybet by predicting the market direction using technical analysis and some other methods

The 5% overround just means that across all punters they will have made money, that is unless all their punters are experienced traders...

rav700 · Sep 16, 2005, 8:01am

Quote:

Originally Posted by jules101

scripophilist is completely wrong on this one:

1) The formula for calculating binary bets is based on volatility, which is impossible to calculate exactly

2) I've made a decent profit from binarybet by predicting the market direction using technical analysis and some other methods

The 5% overround just means that across all punters they will have made money, that is unless all their punters are experienced traders...

There you go a lil bit of hope at last...for binary traders..
I do agree you can book profit against binary bet and somedays you can make a lot of money and I mean a lot....

Greed Is Good · Sep 16, 2005, 4:11pm

Quote:

Originally Posted by rav700

There you go a lil bit of hope at last...for binary traders..
I do agree you can book profit against binary bet and somedays you can make a lot of money and I mean a lot....

Rav if you don't mind me asking what do you call a lot of money? Just curious to know what a fellow binary bet client is doing thats all. PM me if you do not wish to post here to swap tactics/methods etc etc. Thank You.

Bintrader · Sep 20, 2005, 5:23am

I feel that the main problem with bins is that the firms cannot lay them off as they can with SB (if they choose to). Their systems rely on a steady stream on losing punter. Let's face it, the losers eventually leave but the winners stay. Therefore, one way to increase profits is to get rid of winning punters or make it very difficult to make a bet.

I gather that:
a) IG have long delays, manual intervention and rejections if the market moves
b) Fins use a range of techniques from delays in giving a quote all the way to refusing to quote. They also reject trades near expiry if the market moves.
c) Cantors are perm manual for all punter I believe
d) Binex appear to be okay but have poor liquidity.

New punters should realise that if they are winners it is a limited opportunity, at least making momentum trades. Make the most of it, hit them, make your money and run. If delays are introduced that make you start losing, then modify your technique or stop trading.

Sep 16, 2005, 5:58am	#61
BinarySoft Chris Senior Member Member Since May 2005 301 Posts	Re: Binary betting - FTSE / Dow scripophilist is completely wrong on this one: 1) The formula for calculating binary bets is based on volatility, which is impossible to calculate exactly 2) I've made a decent profit from binarybet by predicting the market direction using technical analysis and some other methods The 5% overround just means that across all punters they will have made money, that is unless all their punters are experienced traders...

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