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 ukhero To all: I've been SB with capital Spreads for nearly three years now and I've had ...

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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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Old Sep 16, 2005, 11:58am   #61
 
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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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Old Sep 16, 2005, 2:01pm   #62
 
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Joined Nov 2004
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....
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Old Sep 16, 2005, 10:11pm   #63
Joined Nov 2004
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.
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