New type of Spread Bets

This is a discussion on New type of Spread Bets within the General Trading Chat forums, part of the Reception category; I have been trading for a long time now and recently come across a bet called basic bet,which is very ...

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Old Jul 14, 2009, 10:05am   #1
Joined Oct 2008
Smile New type of Spread Bets

I have been trading for a long time now and recently come across a bet called basic bet,which is very interesting.Some of the details of the bet are

The bet is called 'Basic Bet', which is easier to place and is more straightforward than bets offered by our competitors. Instead of basing outcomes on complicated arbitrary spreads between 0 and 100, you simply bet on whether the markets will go up or down within a certain time frame. If you're right, you win.

Last edited by gnutrade.satya; Jul 14, 2009 at 12:05pm.
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Old Jul 14, 2009, 10:59am   #2
 
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No it's not - this type of bet is available BetOnMarkets for example. It's nothing new.
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Old Jul 14, 2009, 11:01am   #3
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hahahahahahahha

BTW I think vendors who have been proven to lie should be banned
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Old Jul 14, 2009, 11:25am   #4
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gnutrade.satya started this thread ya its already there in different websites,but playing freely using the play money on live stock markets is given in this website gnutrade is an extra feature.
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Old Jul 14, 2009, 11:32am   #5
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Quote:
Originally Posted by gnutrade.satya View Post
I have been trading for a long time now and recently come across a bet called basic bet,which is very interesting.Some of the details of the bet are

The bet is called 'Basic Bet', which is easier to place and is more straightforward than bets offered by our competitors. Instead of basing outcomes on complicated arbitrary spreads between 0 and 100, you simply bet on whether the markets will go up or down within a certain time frame. If you're right, you win. This bet is only available on gnutrade trading platform.
Please take not of the underlined text. Also I dont see one mention of demo accounts on here.

Sorry guy, Hoggums rumbled you.
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Old Jul 14, 2009, 11:42am   #6
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Originally Posted by gnutrade.satya View Post
If you're right, you win
Seems fair...
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Old Jul 14, 2009, 1:08pm   #7
 
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The problem with these type of bets is the spread is absolutely huge.

Go to BOM and try 2 bets - one FTSE goes higher, the other FTSE goes lower.

So basically you are losing the spread on this bet as one of those will win (unless by extreme bad luck the market ends exactly where it started).

So let's say you bet £10 on either side - how much do you think would be a reasonable spread? Expect to get back £19.50? £19.00?

Try £15.00 - that's a 25% spread...
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