Financial odds betting is now available to the general public with the advent of betfair.com, the on-line betting exchange. For those inclined to speculate on shorter term moves on the FTSE there is no longer a need for all the red tape, wealth checks and large deposits that you associate with the setting up of an account with a stockbroker. With Betfair there are a wide variety of UK financial bets, and you can have these bets in real time with fantastic odds that are changing by the second.
Despite the wealth of new and old methods of gambling on the movements of the stock market via the FTSE Index, never have we been able to get FTSE odds betting so readily and with the ability to choose whether you bet with £2 or in thousands.
Within UK financial betting on Betfair the most popular bet is to forecast whether the Index will close the day at a higher or lower level than it was the previous day. So once the FTSE Index closes at 4.30 you can then start to bet on the next day’s close right through to 4.30 the following day. Initially this ought to be an even money bet but as the New York markets continue to trade from 4.30 to 9.00pm UK time, their performance, and then the performance of Far East markets, will start to influence the FTSE odds. Quite often both a higher close and a lower close can be heavily odds on in the course of those 24 hours and this opens up great potential to lock in guaranteed profits for all those sharp minds that want to enjoy a UK financial bet.
Also, within UK financial betting on Betfair you can vary the time frame of the up/down bet with FTSE odds available on a midday close, weekly close and the very popular hourly bet, where you forecast whether the FTSE will finish higher or lower than it was the previous hour. Other markets available include forecasting the range in which the FTSE will finish the day, the size of the daily change and an interest rate bet.
Each month on UK financial betting the interest rate Bet is on the change that will result from the policy meeting in the UK, Europe, Australia and the US. Whilst no change will usually be a strong odds on chance, when potential changes are rumoured the interest rate bet can be a useful tool for hedgers and speculators alike.
The UK financial betting market has its home at Betfair with prices live in-play at all times, where you can choose to offer your own odds or take the odds available, to a stake of your choice. Whether you are a using a UK financial bet as a professional, or to hedge a position in another market, or you are purely trying your luck as you wait for the start of the afternoon racing, Betfair can offer you new and unique opportunities for making money.The above comments do not constitute investment advice and we accept no responsibility for any use that may be made of them. Please read our terms and conditions.
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