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Intrade

Do you have a knack for trading in pork bellies? In other words, do you appreciate the intricacies of betting on commodity futures? Better yet, are you looking for the next level in sports betting? If so, check out www.intrade.com where you will find an innovative new gambling experience - a futures exchange on sports.

Co-founder John McNamara and crew launched the Dublin based Intrade this past August, which already boasts 500 member ‘traders’. With decades worth of commodities trading experience between them, the Intrade staff has gambled that sports bettors want more options than the traditional bookie model. Rather than placing a bet before an event and then sitting tight, the Intrade’s Trade Centre establishes a commodity market that lives and grows while the games are played. Is your bet on the Yankees looking sour late in the game? Take a precautionary position with Arizona. Do you know that Denver always covers in the 4th quarter? Take a position late in the third. With Intrade, the free market system has hit the online gambling world.

Anyone can join the Intrade Exchange at no cost – instead, Intrade charges per transaction, 0.04 GBP, about $0.60 US. Intrade supports Electronic Funds Transfer, credit/debit cards, and Bank Draft/Cheque – although watch the 3% banking charge associated with credit cards. Once your account and money line is established, get started at the Intrade Trade Centre.

Although at first glance Intrade appears to cater to Gordon Gekko from the movie “Wall Street” rather than the average sports gambler, a little research and help from the online demonstration makes the world of Futures come alive. Granted, Intrade takes their model straight from the commodities market, so until you get the terminology down, your Intrade experience might be a bit baffling. But, cudos to Intrade for looking to expand on the sportsbook market – their offering is truly a sports gambling innovation.
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