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Vijaypotukuchi
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Joined: March 16th, 2004, 3:14 am

Spread Betting - Binary Bets

November 13th, 2004, 1:19 am

This is a seriously cool betting/trading facility.....I can just see all kinds of correlation strategies used with thsi product.....cool....any ideas from the forum would be appreciated.
 
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aahmad31
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Joined: July 14th, 2002, 3:00 am

Spread Betting - Binary Bets

November 14th, 2004, 1:25 am

There is an online form that caters for digital option spread bets.It is called www.betonmarkets.com and while initially the concept of betting with these class of conceptually simple options is appealing, in practice with this particular site it is totally offputting.You can only use the full scope of the provided digital option bets with only four stocks (MSFT,SUN,ORACLE,INTEL) and with no other stock.I spoke with their customer services dept about this and they confirmed this and said it does put many customers off - wow,somebody actually telling the truth about how their company trades the markets!What the hell is the point in only being able to use just four US stocks.It's clearly designed to weigh the odds overwhelmingly in favour of the betting firm and only a real mug would place a bet through this site.Unfortunately there aren't any other sites that I know that allows joe punter to place digital spread option strategies on markets with minimal upfront capital.