ePeople

Financial Betting

We talked about betting and what your chances to become rich from them. We also talked a little about Forex currency market , and chances to generate money with it. Now let's talk about the combinations of these two: various types of financial betting betting betting forex or stock index.

First you have also said that all forms of betting, the house (or broker) always has the advantage on his side. This advantage is that you always are smaller than share your real chance of winning, which translates as long you get the red.

Take an example: the most relevant site, in my opinion, in terms of financial betting is www.betonmarkets.com. There are several types of bets, all predictions are generally correct about the evolution of a stock index or currency pairs forex in a certain period of time - something like: if the index FTSE 100 up in value on these two days earn $ 10. Of course there are all sorts of fancy variations on this, obviously all losers in the long run. So our example, the Forex currency market, for those who know how how how it works, it knows about the very short term (1-5 minutes) market behaves almost chaotic, it can increase or decrease with equal probability, the same principle in casino playing red / black (here you are offered two share, but your real chance of winning is smaller because roulette is not only black but has red and green one or two zeros). So the betonmarkets.com want to make a bet that you win $ 2 if the quotation EUR / USD increases in these two minutes (that's over two minutes from time bet fixed quote will be higher than now). We notice that says that this bet betonmarkets cost $ 1.04. So our rate is 1.92 for events with probability of 50%. What is this? Obviously the long term ... you lose money! You can choose any pair FOREX and any time, see remark that it offers the same rate.

All other bets on betonmarkets.com are similar and the results that any bet ...

Also offers some financial betting sites sports betting in general, but the supply is much smaller and no feeling of something spectacular. Take for example the famous Gamebookers betting. They assume correctly guessing last decimal quoted in a stock index at the closing session. It is obvious that the probability of guessing correctly is 0.1 (ie 10%). The problem is that it offers 7 share given that fair play is required to share 10. Theft compared to these guys, especially since my last check a few months ago, noticing that share shrank from 9-7 ...

So you can make money from betting? Can ... could do something on FOREX, if you are very confident, knowing that fundamental analysis and technical super well, and can determine the correct trend and then to play between different levels of support and resistance, but at some point you will still makes a mistake and then the other gains will not cover your loss because the house always has advantage ... nah!

So good bet, or rather invest with your head!

Related posts:

1. Net Money Forex trading (Forex Trading)
2. Can you win in sports betting?
3. Website that sells tips or almost certainly safe bets
4. Money in arbitration cases. "Sports arbitrage"