Financial Bets – How, What, Where

Is online gaming quite so different from playing the stock market? An investor purchasing an interest in a listed company is aware that the value of the shares might rise or fall. This is true however of purchasing real property or even paintings. In either case investors are taking a chance on a particular end result. It should not be a surprise therefore that there has been such a surge of interest in placing financial bets on the progress of the price of financial commodities set against bookies’ odds.
The commodity can be bet on in any tradable form, such as: popular market indices, main foreign exchange rates and certain commodities. The market indices measure a country’s current traded share prices as well as futures prices, such as such as: Forex, gold and silver and oil.
The information for each commodity is taken from which point it is changing hands on the financial markets at that particular point in time. This information is obtained from recognised and independent sellers of financial market statistics. A successful bet on a trade requires the person betting to forecast if the market level will close above, where the forecast is higher, or below or equal to, if the forecast was for a lower opening price.
Every market has a time limit. The finishing point for a market comes from the final closing level issued by the independent sellers prior to the tolling of the time limit.
Winnings are generally calculated by using fixed odds. This means that profits are a multiple of the fixed price upon which the bet was placed. For instance, where a £100 trade is staked at odds of 2.5, the profit realised would be £250.
It seems that even expert advisers to George Osborne, the Chancellor of the Exchequer, base their predictions for such issues as the sustainability of the Euro on a method of financial betting. Professor Steve Nickell from the Office of Budget Responsibility recently admitted to the House of Common’s Treasury Select Committee that he defers to William Hill bookmakers when learning the best odds for whether the Euro might collapse or survive.

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