Markets rarely stand still and, regardless of whether they move up or down, one of the best ways to make money from them is with a binary bet (also sometimes referred to as fixed odds financial betting).  If you think that the FTSE 100 index of leading UK shares will rise over the next hour, you can use a binary bet to profit from the increase. Of course, you could alternatively create a binary bet to benefit from an expected fall in the market.

The first stage is to select the market that you want to bet on. By default the Market Type at Betonmarkets is set to FOREX and the Market to USD/JPY. Say you want to change this to place a bet on the FTSE 100 index of leading UK shares.  To do so select ‘Indices’ from the top menu and choose the FTSE 100 index (i.e. UK 100 index).  If you wanted to bet on another stock market, simply click on the drop-down menu and make your selection.

If you want to place a real fixed odds financial bet, make sure that the Currency box matches the currency that you used to deposit the funds in your account. The alternative is to have a practice run without risking any real money by selecting virtual dollars represented by the $ symbol.

Having chosen the market you want to bet on, the next stage is to decide how you think the market will move.  Some people decide by looking at the price charts to identify an important trend, whereas others prefer to check the financial news and then decide. To help you, the Indicative Market Price is shown on the right of the page, and a chart of its recent performance is displayed at the bottom.

Placing Your Bet at Betonmarkets

Say that you look at the hourly chart of the FTSE 100 Index and see that it’s entered a strong down-trend.

You decide that this is likely to continue for at least the next few hours and that you want to use a Binary Bet to make money from it.

Binary Betting: How much?

First, you need to decide how much money you want to win. Remember that the more money you want to win, the more expensive your bet will be. You can experiment by using the drop-down menus to change the winnings and see what effect this has on the cost, as shown on the pricing page. You have no commission, fees, or other charges to worry about so this amount represents the full price that you have to pay.

Say you opt to win £100.  Having identified that the market is declining, the next stage is to specify that you want to win if it falls below (rather than rises above) a certain level when the bet expires. Use the drop-down menu to select ‘lower’ and enter your target market level.  This is known as the strike price. By default it’s set close to the current value of the market, but the more you put the strike level input away the bigger the fall necessary for the bet to succeed and the cheaper the strike price becomes.

You identify a strong down-trend so you decide to move the strike price 50 points lower and set the market level accordingly.

How long?

The final stage of the process is to specify how long you want the binary bet to last. You can use the drop-down box at Betonmarkets to switch between minutes, hours, and days and use the sliding bar to set the precise duration. This combination enables you to create bets from as little as a few minutes right up to 180 days. In view of the nature of the trend you decide to set the time limit to 7 days.

The FTSE Index is trading at 4900 and you decide to bet that it will be trading below 4850 over the next 7 days. You choose to win £100 safe in the knowledge that this only costs you £29.19.

You can never lose more than the amount that you decide to bet at Betonmarkets, which is why binary betting sites offer a limited risk way to trade the markets.  The cost of £29.19 is immediately deducted from the funds in your account. If at the end of the 7 days the market does close below 54850, you win £100 and your winnings are automatically credited into your account. This means you’ve gained £70.81, which represents a return of over 243 per cent in just two hours.  Nice!

(By the way, the return of a binary bet is a standardised measure of how profitable the bet would be if it succeeds. It’s calculated as the winnings less the cost of the bet expressed as a percentage of the cost.)



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We Brits love to bet. We always have and most likely always will. We bet on sports. We bet on games. We even bet on television and on superstars. We can’t seem to help ourselves – perhaps it is in our blood. Whatever the reason we can’t get enough, it is evident that we are in our glory now that we can take our passion online and bet even easier than ever before. One clear indication of this is that the majority of the last World Cup bets were placed online and that overall betting on that event was up 60% from the previous World Cup.

While there are in fact other nations that do appreciate betting to some degree, it seems that we are well ahead in a lot of those statistics. One such example is spread betting. Spread betting is not even allowed by law in many places including the United States. In Britain, one estimate is that up to 400,000 of us currently have spread betting accounts.

Basic Spread Betting

Spread betting involves complicated sporting indexes that are made up from the odds of certain things happening. For example, the index may say that in a particular game, there will be between 10 and 15 points awarded in a certain type of play or certain type of goal. That means that the ’spread’ is 10-15. A better who bets (or ‘buys’) in at 1 pound will then either win or lose money based on if the actual number of those type of goals ended up under the spread or over the spread amount. If the actual number was less than 10, the better must pay out money lost. If the actual number is higher than the spread, the better wins.

Spread Betting and Finance

Outside Britain, spread betting is more of a financial term. Especially in the U.S., it is seen as a money game for investors who play the markets. Spread betting in this case is done when companies provide the chance to gamble on the future prices of commodities or on company stock.

Spread betting is generally seen as a high risk financial game and it does not have a place in sport and entertainment gambling in most places outside Britain. As we know however, the internet has erased borders in many ways and online spread betting in the UK is being enjoyed by people from all over the world.

Cautious Enjoyment

While we aren’t afraid of spread betting and what it has to offer here in Britain, it isn’t for everyone. Experts caution us against getting into this type of betting if we are not familiar with how the numbers work and the fact that we can lose more than our bet in one fell swoop. Once you learn the ropes and decide you can afford it, it might just be the game for you too.

Never considered faint of heart, Britons are actually embracing spread betting in ever increasing numbers. It can be an exhilarating change to regular betting and many like the additional risk involved in this kind of play.



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