Buying financial products such as stocks, bonds and mutual funds at an exchange can be thought of as gambling since there are no guarantees that any of your investment products will increase in value over any given time frame. Billions of dollars have been earned and lost in the stock market over the years and that up and down trend will continue for many years to come.
Anyone who has ever wagered money on the future outcome in sports has come to realize that there are no such thing as a guaranteed lock and even the soundest of plays can still lose. Gambling is gambling whether it is at the New York Stock Exchange or with one of the big offshore sportsbooks taking sports betting action online. Some of the biggest books in the Internet sports betting industry have decided to combine these two worlds by allowing you to bet on financials in terms of what any number of investments may do in a given time frame.
Betting on financials at an online PPH sportsbook is still a small piece of the pie when it comes to all the action that comes in, but it is becoming more and more popular with today’s sophisticated online sports bettor looking for a way to expand their overall online gambling strategy.
The basic idea behind betting daily financials is rather simple in nature. An online book will post odds in four major categories; shares of individual company stock, financial indexes such as the Dow Jones, commodities such as gold and silver and Forex as an international currency market. Since everything included in any of these four areas consistently has an unpredictable value at any point in time, this sets the stage for a very simple wager on whether any set investment increases or decreases in value over the course of a normal trading day. Given all the different options that some books add to their daily financials betting board, things can get a bit more complicated, but the basic premise remains the same.
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One of the most popular things to bet on when it comes to financials is Forex, which is short for foreign exchange. Betting on the ending value of all types of international currencies are broken down into three separate categories; the Spot Market, the Forwards Market and the Futures Market. The spot market revolves around the traded price of currencies at any given time while both the forward and futures markets are more long-term in nature since it tracks changes over a longer period of time.
The entire world of financial betting is a more exciting way to try and grow your bankroll than financial investing, which is one of the main reasons why it continues to grow in popularity at today’s more progressive online sportsbooks. Just like you have to breakdown any sporting event that you bet on to give yourself the best chance to win, you need a thorough understanding of all the different financial markets before you take a stab at gambling on them.
Some of the basic ways you can bet on financials are through ‘spread bets’ where you are wagering on how much a particular investment, such as a company stock goes up or down over a certain period of time. Betting financials with ‘fixed odds’ is a bit more conservative in that you bet a set amount on a share rising or falling to a certain point. A more advanced way to wager on financials is through ‘binary bets’. This is somewhat similar to spread bets, but it is based on an odds index ranging anywhere from 0 to 100.