The algorithm at BOM
Dart, it was always there. As long as I can remember!
I played BOM or Xodds as it was know way back when, and ran an Excel database to find it. You cannot easily defeat it.
I stopped playing when I traded sports at Tradesports. All the same to me, as I was not a big trader. I averaged about $1000 to $2000 per year in profits. Trading the NBA is exactly like FOREX. Score goes up, buy, team losing, sell. Only with the NBA. No other sport works. I use Betfair.
But now I live in the country side and my Internet connection is horrible. I was thinking of getting into the binary market again. I am having problems with live feeds for NBA.
My Internet service dies half way through a game, and of course, I am fried. Praying to the gambling gods is of no avail. lol
I sent a few e-mail to the owners of Xodds when it first started, with a few ideas. I had previously traded virtual stock markets, a blast, but shut down by the SEC.
When 911 hit, so to speak, XODDS shut everything off. But when the lights came back on, they paid me in full!!!
I was always shorting the USD. It was on a downtrend back then. I played almost every night for months. I did ok. I would just wait for a nice run, aka trend, and follow it.
I do not understand Dart, what you mean by not being able to sell long-term positions.
I have not deposited yet, so curious about that. Say I buy the DOW to go down in three months, I cannot sell the contract if I change my mind???
I could way back when, but that was thirteen years ago!
One trick I did all the time, was buy $15 to win $500. Really long odds. It will emulate a FOREX trade for about a day. You must sell same day however, before the close. It will work on any currency. I did not find much difference in the spread doing it that way.
The algorithm back then was simple. It was programmed so say that you would need at least a 1% rise in any currency to make double the money. But if you tried 50 times, hit 50%, you would not win, hitting the 1%, if that makes any sense. That is where the spread is hidden.
You need to hit higher than 50%. You cannot win hitting 50 out of 100 trades. At least not back then.
I doubt it has changed much. It is sort of programmed using the past. It is much easier, to ride a trend. Sit and wait.
My fav was the USD/JPY, again because it trended to 1% in an evening at least a few times a month. So $100 would win about $300. I forget the exact amounts, it was too long ago.
You want to look at that. It is a gamble. Payout is excellent, and always was. Good to hear it still is.
I also played the tick game. Another blast! Stupid, but fun. The most I ever won was $5 to $175, and then they cut me off as per the rules.
I used a stupid trick. In lotto numbers, like the pick3, about 58% of the time, one of the previous numbers will appear. So I timed it to an atomic clock, and picked away.
S-LUCK!! lol!
I would not try again, well not yet...
Do let me know about this long-term thing Dart. I want to buy at around 8 P.M. to 10:00 P.M New York time, and I want to sell the contract before it expires. I do not use short time frames, usually about a week. What ever pays out the most!
If the USD goes up .3% in the first two hours of the open, at least way back when, it would often hit 1% on the day, and a nice payout. Same thing down. The money is in aiming for the 1% and a lot of gambling, selling if wrong, and keeping money to try again. No ticks, no scalping, just gambling.
Since there is no leverage, all you can do is lose a bit.
Also let me know if you find a fixed odds forum! I posted in this forum many years ago, but it is massive!
