BET TYPES

There are quite a number of bet types namely:

·  Rise/Fall Bet Type
·  Higher/Lower Bet Type
·  Touch/No Touch Bet Type
·  In/Out Bet Type

I'll try to explain them in the simplest term.

Rise & Fall Bet Types

Bet that a market which you specify will Rise and close Above the current market level at the end of a specified timeframe.  This bet can also be used to bet that your specified market will Fall and close Below the current market level at the end of your specified timeframe.

Click below to view the BetOnMarkets Rise/Fall Bet Type in action.

Rise –  You will win if the market you specify closes above the current market level at the end of a specified timeframe.

Fall –  You will win if the market you specify closes below the current market level at the end of a specified timeframe.

You can place these bets for a duration of as little as 30 seconds up to a maximum of one year.

Bet Thought:

Use this Bet type when a market is oversold.  For example, the Relative Strength Indicator (RSI) on the weekly GBPUSD chart may be telling you that it is way oversold (a reading below 20 perhaps). 

You can place a bet that in 2 weeks time GBPUSD will Fall in the next couple of weeks (close below the current market level).  Expect to see a return of 82% or more for this type of bet.

Higher/Lower Bet Type

Not much different to the Rise/Fall Bet type except here you actually specify a price level of your own choosing.  You are therefore not restricted to using just the current market level as the basis of your bet.

Click below to view the BetOnMarkets Higher/Lower Bet Type in action.

Higher –  You will win if the market you specify closes above the price you specify at the end of a specified timeframe.

Lower –  You will win if the market you specify closes below the price you specify at the end of a specified timeframe.

You can place these bets for a duration of as little as 30 seconds up to a maximum of one year.

Bet Thought

A market breakout provides an opportunity to use this Bet type.  For example, the DOW breaks out of its current trading range where it has been for the last couple of months.  The theory here is that that previous break-out level which was once resistance will now provide support.  You can place a bet that in a months time the DOW will close above that level (will be Higher than).  Expect to see a return of at least 50% for this type of bet.

Touch/No Touch Bet Type

This Bet type can be used to bet that a market which you specify will Touch/Not Touch a price level specified by you within a specified timeframe.

Click below to view the BetOnMarkets Touch/No Touch Bet Type in action.

Touch –  You will win if the market you specify touches a price level specified by you within a specified timeframe.

No Touch –  You will win if the market you specify does not touch the price level specified by you within a specified timeframe.

You can place these bets for a duration of as little as 30 seconds up to a maximum of one year.

Bet Thought

Use this Bet type after seeing a Key Day Reversal, a significant indication that Buyers or Sellers have come into the market en masse.  For example, EURUSD has been in a downtrend for many weeks and then on the daily chart you notice a Bullish candle which completely engulfs the previous days candle (Buyers coming in).  You can place a bet that in the next fortnight the low of that Key Day Reversal will not be touched.  Expect to see a return of around 30% for this type of bet  -  The returns are not high as the No touch level will be quite some way away from the current market price (this also means the likelihood of the bet winning is quite high though).

In/Out Bet Type

The In bet is a bet that a market which you specify will not breach two price levels (specified by you) within a specified time-frame.  The Out bet allows you to bet on the opposite occurring.

Click below to view the BetOnMarkets Stays/Goes (In/Out) Bet Type in action.

Stays/Goes –  You will win if you choose “stays between” and the market you specify does not breach the two price levels you have specified within a specified time-frame.  You will also win if you choose “goes outside” and the market you specify breaches either of two price levels you have specified within your specified time-frame.

Click below to view the BetOnMarkets Ends (In/Out) Bet Type in action.

Ends –  You will win if you choose “ends between” and the market you specify closes within the two price levels you have specified at the end of a specified time-frame.  You will also win if you choose “ends outside” and the market you specify closes outside the two price levels you have specified at the end of your specified time-frame.

You can place these bets for a duration of 1 – 365 days.

Bet Thought

Use this Bet type when markets are consolidating.  For example, Oil has been trading between $60 and $80 from January to April.  The top of the market ($80) has proven to be resistance on 5 occasions and the $60 level has marked the low of the market on 4 other occasions.  When the market is trading around the $70 level you can place a Stays In bet for a month on the assumption if price either rises or falls it will be contained within the previous consolidation levels.  Expect returns to be around the 20% mark for these types of bet on the basis you have identified a key area of consolidation and are likely to win.