binary betting questions.

[timsk]

Hi highgradeinfo,

is it just me, or do others share the view that horse racing is in general a far more honest medium than most (certainly more honest than 'binary betting') as a trading medium?

My guess is that they're pretty much on a par with one another. There are scandals in the trading world and there are scandals in the horse racing world.

As a a punter of 41 years experience, I can tell that the vast majority of people on this forum are mired so deeply in mental bull's ordure that it's doubtful they'll ever get out of it. The fantasies they are chasing are much more far-fetched and less likely to come about than that of your average horse racing punter.

I'm not entirely sure what "mental bull's ordure" is - but I take your general point. The difference though is that with trading it's possible for the retail punter to develop a positive expectancy which, as far as I'm aware anyway, isn't possible with horse racing. If this situation ever changes, I imagine there will be a mass migration from trading to gambling on the gee-gees. I would, not least because horse racing has the added advantage of being exciting which, for the most part, trading isn't!
Tim.

 

[Liquid validity]

is it just me, or do others share the view that horse racing is in general a far more honest medium than most (certainly more honest than 'binary betting') as a trading medium?

As a a punter of 41 years experience, I can tell that the vast majority of people on this forum are mired so deeply in mental bull's ordure that it's doubtful they'll ever get out of it. The fantasies they are chasing are much more far-fetched and less likely to come about than that of your average horse racing punter.

You're joking right?
Horse racing is on a par with binaries for the most part.
Simple fact is they are both crap - fixed odds skewed in the bookies favour.
There may be merit in form betting if you really know your stuff,
even then with race fixing and slim pickings arbitrage wise,
trading offers more potential.
Obviously the opposite is also perfectly true - both can be a good way
to lose a lot of money - usually with people who just take crazy punts.

http://www.telegraph.co.uk/sport/ho...acing-Authority-report-into-drug-scandal.html
http://www.theweek.co.uk/horse-racing/52672/godolphin-scandal-bookies-refund-bets
http://www.bbc.co.uk/sport/0/horse-racing/22391059

http://uk.reuters.com/article/2013/06/11/uk-horse-racing-finances-idUKBRE95A0DV20130611
http://news.bbc.co.uk/sport1/hi/other_sports/horse_racing/2295403.stm

 

[tar]

You're joking right?
Horse racing is on a par with binaries for the most part.
Simple fact is they are both crap - fixed odds skewed in the bookies favour.
There may be merit in form betting if you really know your stuff,
even then with race fixing and slim pickings arbitrage wise,
trading offers more potential.
Obviously the opposite is also perfectly true - both can be a good way
to lose a lot of money - usually with people who just take crazy punts.

Its possible to trade/scalp horses odds with an exchange "Betfair" ...

 

[Liquid validity]

Its possible to trade/scalp horses odds with an exchange "Betfair" ...

True, fair point I didn't mention.
TBH though, if you are going down that road, what would you
rather scalp - changes in betfair horse odds or the ES and so on...

Main question you have to ask is who is providing most of the liquidity
in betfair versus the ES or similar.
It may be possible, would you want to do it or do you do it?
Maybe you do, I don't know.
Me - no way...

 

[WR1]

Gooptions Bucket Shop World Headquarters

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http://www.fma.gv.at/de/verbraucher...websites-offering-binary-options-trading.html

 

[CityMasterTrader]

Gooptions Bucket Shop World Headquarters

http://eyreinternational.wordpress....s-up-the-big-society-fund-part-3-giant-fraud/

http://www.fma.gv.at/de/verbraucher...websites-offering-binary-options-trading.html

Thanks for useful information. Moderators should start sticky this sort of news. It will help.

 

[Purple Brain]

onetwotrade in unregulated. Registered in Malta. Inactivity charges. £50 fee to withdraw less than £150. Wire transfer £25 fee. Avoid like the plague.

 

[gerryg]

Is it possible to return 5% per day consistently

Of course it is possible, but with increasing percent of profit there is spike in a risk expectation. If you are not a professional trader and don't have a skills to trade with constant profit, then it is impossible to get almost 150% in a month..