Online Casinos, Gambling, Poker and Sports Betting Magazine

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Off to Market

One shrewd entrepreneur shows that betting on financial markets is far less complicated than you might have imagined.

Financial betting has seen a prolific rise in recent years since the concept first came about, positioned as a smarter way to bet for more information-conscious, market savvy punters than your average sports bettor. But is it really just the plaything of rich men with their fingers on the financial market pulse? Apparently not, according to one financial bookmaker.

“You don’t have to be an expert on the intricacies of the financial markets to succeed at the game,” says Ryan Kneale, market analyst for BetsforTraders.com. “Those already familiar with the concept of sports wagering are in a great position to make the leap into the world of financial derivatives trading.”

Kneale believes there are several parallels between trading in financial markets and sports wagering. First of all, in both environments, investors with opinions based on the available information and their understanding of it can place bets in order to profit as uncertainty is resolved over time. Plus, both types of bookmakers also use the same system, the odds system, to quote prices to potential betters and both adhere to a fixed expiry time for the bet, be it the end of a sporting event or a self-imposed limit in the case of the financial markets.

In both markets, maximum loss is confined to the value of the original stake, but potential winnings could equal many times the original investment.

“As has been demonstrated by the recent growth in the number of online bookmakers, both sports and financial betting are suited to the online domain,” says Kneale. By 2010, the UK online gambling industry is forecast to attract an annual spend of £1.6 billion from its 2.1 million punters. And this trend is well reflected in financial betting circles. Kneale’s firm BetsforTraders.com doubled its client base in one month alone during late 2007.

One of these clients is Ricardo Monty, a nightclub owner and property developer. He has been trading on the financial markets for just under six months and is well on the way to making his first million from fixed-odds financial betting.

Monty came to discover financial betting while in conversation with a City trader at his boutique bar Niche in Staines, Surrey. The trader was boasting about the fortune he’d made on the financial markets—and how it enabled him to purchase his second Porsche. Ricardo was inspired.

With no prior experience in stock market trading, but knowledge of running a business and taking calculated risks, Monty spent time visiting trading websites and learning about the stock market, demystifying the industry vernacular.

To his delight, he discovered that betting online on the financial markets was tax-free. He considered the pros and cons of spread betting versus fixed odds, and decided to go with fixed odds financial betting to minimise risk. This way he could win many times his money on the right call, and lose only his stake when his judgement was off. Having researched all the different trading websites available, Monty opted for BetsforTraders.com, invested his money, and started to see immediate profits.

The site offers a wide range of bets, with 10 different types of fixed-risk bets available on financial markets, single stocks, stock indices and the foreign exchange markets. Monty favoured the forex markets, which allowed him 24-hour-a-day trading. He also frequently bet on stocks. His enjoyed using ‘One Touch’ range bets as these paid out when the market went up or down, while the majority of Monty’s bets were ‘Trend Multipliers’ and ‘Binary’ bets giving odds of 3/1 or better, thus a 300 percent return on his money.

“People make out that the financial markets are a big mystery but they really are not,” he says. “Everyone that can understand the concept of betting can look at a chart and spot a trend and make money. The method which has proved successful for me is to follow trends and bet on them continuing. I read the papers and look at the charts on the site—markets are very logical, something bad happens and they tend to fall and they trend when they do so.

“The recent floods in the UK and the whole sub-prime mortgage troubles in the US were bound to lead to the markets falling. I bet that they would and sure enough they did—I made money—it’s that easy!” he says.

Monty offers would-be online traders some useful tips borne from his experience: “Don’t feel intimidated by the mystique of the financial markets—it really is not rocket science. Have confidence in accessing online financial betting as a new and intelligent means of making money. Start slowly with a small pot and build up. The best way to learn is by getting your feet wet. My theory is that it is only when you have real money in the mix that you think clearly, hopefully make better judgments and, of course, really start to feel the buzz of making money.”

He says that “his biggest loss to date has been much less than his biggest gain” and would happily take on a City trader, confident that he can read the markets and make money trading as well, if not better, than the professionals.

And who’s to say you couldn’t be even better at financial betting than Ricardo Monty? Whether you’re tired of hunting for good odds in the unpredictable world of sport, sick of hammering coins into slot machines that never pay out, or bored of going on tilt at the poker table, maybe financial betting could be the intelligent solution you’re looking for. If you think Monty is just a chancer who struck gold, and that you could do better, then the keys to that Porsche might be within your grasp.

Ten Types of Bets for Traders

Binary bet: Choose your market and bet on it going up or down. You can set your own strike price, expiry time and the amount you want to win. Example: the Wall Street Index is currently trading at 10,500. A trader bets that it will be above 10,900 in three market days and wants to win £1,000 if this occurs. He pays a stake of £100. After three days, the Wall Street Index is trading above 10,900, so the trader wins £1,000. Alternatively, he can bet on the market falling within the same period.

Binary Range bet: Set two strike prices and then bet on the market to be either within or outside the range you have created. You win a multiple of your stake if the market price is either within or outside your set range at your chosen bet expiry time.

One Touch bet: Bet on a market going either up or down to win. You immediately win a multiple of your stake if, at any point before your chosen expiry time, the market price reaches or exceeds your chosen strike price just once.

One Touch Range bet: Set two strike prices and then bet on the market to be either within or outside the range you have created. You immediately win a multiple of your stake if, at any point before your chosen expiry time, the market price reaches or exceeds your set range just once.

No Touch bet: Bet on a market going either up or down. You win a multiple of your stake if, at your chosen expiry time, the market price has never reached your set strike price.

No Touch Range bet: Set two strike prices and then bet on the market to be either within or outside the range you have created. You win a multiple of your stake if, by your chosen time of expiry, the market price has never reached or exceeded either of the two strike prices in your range.

Trend multiplier: Choose your market and then bet on it to go up or down. You win a multiple of your stake if the market is higher or lower at the end of each of a series of time intervals. If at any point before your chosen expiry time the market doesn’t reach or exceed the level of its previous interval, you would only lose your stake. You select the number and length of each time interval and the amount you want to win.

Lookback bet: Pick a market and set a strike price. You win the difference between your strike price and the ‘best’ price that the market reaches before your chosen expiry time, multiplied by your chosen value per point. The best price is either the market’s highest or lowest price, depending on whether you bet up or down. When the market exceeds your chosen strike price, the bet ‘locks’ in and then continues to lock in every point that the price reaches, so you get the optimal payout.

Timeswitch bet: Bet on a market to either go up or down. You win a fixed sum every time the market price rises above or falls below your chosen strike price at a series of time intervals. Every win is locked in at the end of each interval and paid out when the bet expires.

Timeswitch range bet: Select your market, set two strike prices and then bet on the market being within or outside the range you have created. You win a fixed sum every time the market price rises above or falls below your range at a series of intervals. Every win is locked in at the end of each interval and paid out when the bet expires.
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