Financial betting is essentially sports betting but with wagers made on the outcome of the financial market place rather than on sport events. It is on offer at many sport betting sites and online casinos, and as such, many of the same cautions and benefits count for and against this form of betting.
When considering at which betting sites to make your wagers on the market, you can take into account a site’s reputation, if it is licensed by known gambling authorities, what kinds of bonuses they offer as well as the ease of withdrawing and depositing your funds.
The Difference Between Betting And Investing
Financial betting is not that different from investing. Knowledge of investments and the stock market is very helpful. At the end of the day though, financial betting should be seen as a fun activity, more akin to gambling than investing.
Comparing the two directly, there are some benefits that financial betting has over investments.
Financial betting is a lot faster than regular investment and trading. There are also much lower costs involved since you won’t need to pay agent fees, commissions or other costs.
There are also different tax laws that will apply, you can stay pretty much anonymous and betting is a lot simpler to learn when compared to investing.
The Forex Market
Financial Betting takes place on the Forex market. This is the network of traders, bankers and other financial players that invest, buy and sell on the foreign exchange.
The whole world trades its currencies on the Forex market and it is split into 3 different markets, the Spot market, the Forwards market and the futures market.
These markets are constantly in flux with currency and stock prices rising and falling. These fluctuations can be compared to the fluctuations in the sporting world as teams face off in leagues and tournaments. The difference of course being that betting on financial markets can offer bigger rewards, but at the same time can be more volatile.
Where Can I Make Financial Bets
There are many online sport betting sites that offer players access to financial betting. You will need to sign up to the site first before you can start betting.
It is also a good idea to do some research on markets and especially Forex. It is not a good idea to go into financial betting blind.
The Kinds Of Financial Betting
There are many betting formats available at casinos that can be used in financial betting. The most common options include spread betting, fixed odds betting and binary betting.
Spread betting is easily the most popular form of betting. It is a bit more complex than for instance the fixed odds betting, but at the same time, the rewards are also a lot higher.
Fixed odd betting is the simplest form of financial betting at betting sites in Australia. You are basically placing wagers on a shares or stocks rising or falling to a certain value between 0 and a 100.
The final and most complex betting option is binary betting. It is like a combination of spread and fixed odd betting. This is a more complex betting format so it is useful to first get used to the market and betting before you take a crack at this.