Financial bets are growing more and more popular in the world as digital gaming expands. But, what are financial bets?
The simplest way to explain it is that it can be betting on the price development of a financial instrument, like a foreign currency. Basically, bettors are wagering on the outcome of financial markets, just like football and cricket bettors wager on the outcome of a sporting contest. Bettors can wager on the price of shares, indexes of multiple companies in a business sector, the value of commodities, such as gold or silver, and, as noted above, foreign currencies.
The market for foreign exchange trading is nearly $5 trillion per day in trading volume. The popularity of financial betting is quickly reaching stratospheric heights. In the UK, sites like 188bet offer financial bets. Essentially, the opportunity to wager on the price fluctuation of financial instruments. This is not investing. It is a game based on the outcome of the markets.
The outcome of financial bets are binary, which means that there is a win and a loss. Everything is all about cash. There is no buying of shares that you expect to appreciate. Traditional investment approaches are out the window.
But, the good part is that financial betting is way more fun than investing. And it is less complicated. You don’t have the tax and regulatory complications with financial betting that you do with trading foreign currencies or shares in a company. The fees tend to be lower because bettors are not paying commissions or brokerage fees. It is much easier to learn in a short amount of time and you can stay anonymous, if you so choose.
How do you place a financial bet. First of all, you need to find an online casino that financial betting. Then you need to sign up with an account and get use to the rules. It helps to have an understanding of the markets you are betting on before you make a wager.
Then you decide between spread bets and fixed odds bets. Spread betting means that you can bet on a share price and watch the potential winnings fluctuate based on the how much a share goes up or down. It is a very exciting way to get into financial betting. Fixed odds bets are more stable and probably a better way to start. Essentially you are wagering on whether or not shares of a currency or stock will rise or fall to a certain point. If you win, you win, but if you lose, you only lose the amount that you wagered.
Do you think you want to try your hand at financial betting. Check out sites like 188bet to find a financial bet you like and give it a whirl.
