New type of Spread Bets

gnutrade.satya · Jul 14, 2009, 5:05am

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.

Hoggums · Jul 14, 2009, 5:59am

No it's not - this type of bet is available BetOnMarkets for example. It's nothing new.

Technically Fundamental · Jul 14, 2009, 6:01am

hahahahahahahha

BTW I think vendors who have been proven to lie should be banned

gnutrade.satya · Jul 14, 2009, 6:25am

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.

Technically Fundamental · Jul 14, 2009, 6:32am

Quote:

Originally Posted by gnutrade.satya

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.

candles · Jul 14, 2009, 6:42am

Quote:

Originally Posted by gnutrade.satya

If you're right, you win

Seems fair...

Hoggums · Jul 14, 2009, 8:08am

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...

Technically Fundamental · Jul 14, 2009, 8:12am

but one in two odds (blind) of 75% return <----- not be bad if you pick the levels

what are the tf's of the bets? I'm not thinking of doing it I'm just interested.

Jul 14, 2009, 5:05am	#1
gnutrade.satya Junior Member Member Since Oct 2008 32 Posts	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 7:05am.

Jul 14, 2009, 5:59am	#2
Hoggums Legendary Member Member Since Jan 2006 2,073 Posts	Re: New type of Spread Bets No it's not - this type of bet is available BetOnMarkets for example. It's nothing new. __________________ Hoggums ----------------------------------------------------------------------------- Outside of a dog, a book is a man's best friend, inside of a dog, it's too dark to read. -- G Marx.

Jul 14, 2009, 6:01am	#3
Technically Fundamental Banned Member Since May 2008 2,831 Posts	Re: New type of Spread Bets hahahahahahahha BTW I think vendors who have been proven to lie should be banned

Jul 14, 2009, 6:25am	#4
gnutrade.satya Junior Member Member Since Oct 2008 32 Posts	Re: New type of Spread Bets 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.

Jul 14, 2009, 8:08am	#7
Hoggums Legendary Member Member Since Jan 2006 2,073 Posts	Re: New type of Spread Bets 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... __________________ Hoggums ----------------------------------------------------------------------------- Outside of a dog, a book is a man's best friend, inside of a dog, it's too dark to read. -- G Marx.

Jul 14, 2009, 8:12am	#8
Technically Fundamental Banned Member Since May 2008 2,831 Posts	Re: New type of Spread Bets but one in two odds (blind) of 75% return <----- not be bad if you pick the levels what are the tf's of the bets? I'm not thinking of doing it I'm just interested.

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