Extrabet 20 minute markets

[dgproject]

I´m betting on the 20-minute markets at Extrabet, and I´m wondering something about their reference price, see below:

short-term Bets such as the 20-minute FTSE [...] are based on the achievement of price changes in the cash FTSE [...] This change is measured from our internally specified opening level to the first new print recorded by Bloomberg (E&OE) at the second named time. For FTSE previous close to 9am, the change is measured from the official settlement in the previous day’s market to the first new print recorded by Bloomberg (E&OE) at 09.00 (London time).

What do they actually use... Do they use the first new print, or do they use something ´internally specified´? Hope you can help me out, thanks.

 

[Lord Flasheart]

I´m betting on the 20-minute markets at Extrabet, and I´m wondering something about their reference price, see below



What do they actually use... Do they use the first new print, or do they use something ´internally specified´? Hope you can help me out, thanks.

they use a mathmatical calculation based on price. Use betfair their prices are much better

 

[dgproject]

they use a mathmatical calculation based on price. Use betfair their prices are much better

Difficult to determine which prices on offer are better when the reference FTSE level is different at Betfair from Extrabet, isn´t it?

 

[Lord Flasheart]

Difficult to determine which prices on offer are better when the reference FTSE level is different at Betfair from Extrabet, isn´t it?

to my knowledge they both use bloomberg so price is the same stamp apart from the last one which is until close on betfair

 

[dgproject]

to my knowledge they both use bloomberg so price is the same stamp apart from the last one which is until close on betfair

Thanks. In that case Betfair should work on their displayed price which is for informational purposes only. Seems to be incorrect in quite some instances...

 

[Lord Flasheart]

Thanks. In that case Betfair should work on their displayed price which is for informational purposes only. Seems to be incorrect in quite some instances...

thats because it changes so quick on and the main site doesnt change that quick.You can get an API called gruss for £6 a month,its all you need

 

[booz]

Thanks. In that case Betfair should work on their displayed price which is for informational purposes only. Seems to be incorrect in quite some instances...

Hi!

Do you make money with Extrabet? because theirs prices seems to be so bad!

 

[dgproject]

Had my ups and downs, don't do it that much anymore.

Noticed that the Financial Markets are not on Extrabet.com anymore? Did they move it to another platform?

 

[donaldduke]

Had my ups and downs, don't do it that much anymore.

Noticed that the Financial Markets are not on Extrabet.com anymore? Did they move it to another platform?

first binarybet.com shutdown.
and now all extrabet.com financials removed.

I think the igindex main platform and website is the only place to get them now.. but for how much longer?

 

[Lord Flasheart]

Guys just use betfair,their 20 min prices are far better anyway

 

[kubek]

first binarybet.com shutdown.
and now all extrabet.com financials removed.

I think the igindex main platform and website is the only place to get them now.. but for how much longer?

I think it's a good thing that they separated financial binaries from sport and casino betting. It feels weird when somebody is serious about trading financials to see that he/she can also bet spare money on federer lets say

 

[Crushabet]

I think their legal mumbo jumbo says they are using a "derived spot" price, as they cannot legally show the actual FTSE price (so they need to try to "replicate", or derive it).

In practice this does not really impact the nature of the bet, only that the prices they are basing the bet on may be very slightly different from the real market.

Extrabet is owned by IG, and now that IG also owns Nadex they are going to try to push all their fixed odds to Nadex.

 

[davehell]

Been looking at the betfair 20 min markets today with view to doing a bit of micro stakes trading. Could anyone tell me how to actually get the Official price stamp that Betfair will be using. I know it comes from Bloomberg but that site just shows regular changing prices, how are you supposed to know what's official? Thanks.

 

[Lord Flasheart]

Been looking at the betfair 20 min markets today with view to doing a bit of micro stakes trading. Could anyone tell me how to actually get the Official price stamp that Betfair will be using. I know it comes from Bloomberg but that site just shows regular changing prices, how are you supposed to know what's official? Thanks.

the price is taken from bllomberg at exactly 9.00,9.20,9.40,10,00 etc.
everything inbetween is created by a market maker who uses a mathmeaticaL programme for the prices

 

[arabianights]

The betfair prices, I think, are provided mostly by IG group making a price... so they'll probably disappear eventually.

Feel free to correct if wrong.

 

[dgproject]

The betfair prices, I think, are provided mostly by IG group making a price... so they'll probably disappear eventually.

Feel free to correct if wrong.

I noticed however that there often was a difference between the reference price used by Betfair and by IG (IG sometimes even used different prices for the 10-11 hourly market and the 10.00-10.20 twenty market)...

Does IG Puredeal offer the exact same set of markets as Extrabet did in the past? Like FTSE daily, hourly and twenty minutes, all up/down binaries?

 

[tar]

I noticed however that there often was a difference between the reference price used by Betfair and by IG (IG sometimes even used different prices for the 10-11 hourly market and the 10.00-10.20 twenty market)...

Does IG Puredeal offer the exact same set of markets as Extrabet did in the past? Like FTSE daily, hourly and twenty minutes, all up/down binaries?

yes

 

[cyborgh]

Been looking at the betfair 20 min markets today with view to doing a bit of micro stakes trading. Could anyone tell me how to actually get the Official price stamp that Betfair will be using. I know it comes from Bloomberg but that site just shows regular changing prices, how are you supposed to know what's official? Thanks.

If you goto betfair financials and get the 20 minute ftse market up. You then click on as example 9 to 920 market and in the information slot on the right use the mouse and slide it up and in red you will see the official stamp. Some times it doesnt come up for a minute or so after each trade. But it will always be there.

Lee