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|Wall Street index, mid-evening UK time, is when I seem to do best.|
|That approach is definitely not suitable for this morning's normal market.|
|Rockraven - I didn't think that opening bets along the midline at 30buy or 70sell, for a targeted 20pt gain, would work for me. But I decided to give it a try this afternoon. Between 1325 and 1410 I opened and closed 9 such bets, then 4 more this evening. But only where the opportunity to open occurred within the first 90 seconds.Three were losses and ten were wins. These were intended to be merely imaginary bets, but the first half dozen worked so well that I ran four actual bets. Of those four, one made a loss and three were winners.
In each case I banked the first available 20 point gain and did not return to that session. (Some bets would have made bigger gains if held longer, some would have ended as losses - but grabbing those bird-in-the-bush 20pt profits was the aim of this exercise).
Although the target numbers were entry at 30 or 70 and exit at 50, the actual entry moments were on the favourable side of each (ie, entry just below 30, or just above 70, and exit when gain better than 20pts). The losses totalled 82 pts, wins totalled 244 pts. A net gain (across the whole mix of imaginary bets and real ones) of 162pts.
This has worked very well indeed. But I very much doubt that it would work in a normal market; today's market has been exceptionally lively, and this was a small sample. However, I shall test the same approach again on the US index mid-evening sometime soon.|
|Nah. Roulette relies solely on luck. This too involves luck but also a degree of judgement, on both timing and on calculating appropriate win/loss ratios to work with by choice.
'Luck favours the prepared" as the saying goes. With this you can at least lay down parameters by which to benefit from the luckiness of which way the index almost randomly moves within the arbitrary timeframe. And you can escape early if or when it suits. Otherwise I wouldn't bother doing it ;-)
You can worsen the outcome and almost guarantee that you achieve nothing but losses, if you choose to play it casually or carelessly. It took me a long long time to work out an approach that suited me.|
|Sounds a bit like roulette to me.|
|Thanks for that Rockraven. I have looked at working along the midline (that after all is a line that is involved in every bet, whereas the outlyer thresholds might or might not be involved - so it kinda makes sense to develop a tactic that works on the midline), but I haven't been brave enough to risk those chunky losses with enough confidence of chunky enough wins to counter and outweigh them.|
|I use a different tactic. I do play those 2-up and/or 98-down bets, on the offchance that a few of them will benefit from a sudden spikey movement in the dying moments (which does happen from time to time like you say), because they cost so little that I can regard them as entertainment costs when I lose. But I also play along the mid-line, betting in the first 60 seconds, upward from 45 or downward from 55, banking any 25 point gain that shows itself, as soon as it happens. If the index is not zigzagging enough to produce such wins, I lose 45 points of course. That means I do have to win more than about two times out of three. If you are staking the minimum 50p, that's two £12.50 wins per £22.50 loss - so it is quite slim pickings! (a 5.26% return). For someone brave enough to do the same with a bigger stake, the concentration involved could be more worthwhile, and the ratio can of course be adjusted (betting up from say 30, or down from 70, and banking each 20 point gain, in which case a much better profit - but harder to catch. It took quite a bit of trial and error to arrive at the ratio that I am comfortable to work with).|
|The volatility generated by Trump's victory is generating useful opportunities this morning in almost every 5-minute session.|
|I love them.
I play them on the IG.com website, mostly on the movement of the FTSE-100 and Wall Street index.
A binary bet is a bet that some particular event will occur by a particular deadline. If it does, the bet is settled at a notional 100, if it doesn't happen, the bet is settled at zero. Always either 100 or zero. In the run-up to the outcome, the bookie will quote a constantly changing figure somewhere between zero and 100, depending on the apparent likelihood of the event occurring. The payout will be the amount staked, times the movement that has occurred between the entry level and the expiry level (or between entry and early exit level).
Your maximum win or loss is known at the outset. Minimum stake at IG.com is 50p, so if you 'buy' at say the 22 level (in expectation of the bet settling at 100) at 50p you win a maximum £39 (100-22, x 50p) If you got it wrong at it closes at zero, you lose 22 x 50p = £11.
If you have an IG account, go to the FINDER list, scroll down to
Binary/digital 100s: 5 min markets.
Then choose your preferred index (FTSE, Wall Street, or German 30) but do so by clicking the chart icon not the index name.
(Some might prefer to choose FX rather than indices of course)
Enter a stake (box at top right corner)
Select your up or down bet from one of the three thresholds on offer. This will highlight whichever one you've chosen but won't open the bet till you hit the Submit button (so you can select, but wait for the odds to shift a little before submitting).
You can duck out of the bet before expiry if that suits you (except in the final 30 seconds when all you can do is watch and hope). You can have bets at one, or two or at all three thresholds.
Some critics will moan about the spread - but frankly that is almost irrelevant when odds are swinging towards the extremes of zero or 100. It does matter if you are betting on the middle threshold, but doesn't matter if betting against trend beyond the outermost thresholds.
I find it a very convenient facility - because I can dip in and play a five-minute session any time between 8am and 9pm (the first and last sessions are omitted, but that still leaves over 150 slots to choose (many more than that if playing both the FTSE and Wall Street at the same time when they overlap. And more still if also playing the Dax as well).
I can play just one session while waiting for the kettle to boil, or ten in a row, or just the odd few whenever, leaving out any that don't look worth bothering with.
In the final minute or two of a five minute session you will often find opportunities to bet upwards from 2 or downwards from 98. In most such instances you can expect to lose the bet - but now and then a late swing will bring a win. At the minimum stake (50p) the loss would be £1, a win would make you £49. So you need to win at least once in every fifty attempts to break even - and better than that to show a profit. Best chances of these outside bets becoming winners is when markets are at their most volatile.
Betting upwards from 6 or downwards from 94 is frequently possible much earlier in a session - giving more time for useful swings. But in those cases you have to be prepared to tolerate a loss of 6x your stake (£3 at minimum) with a maximum win of 94x stake (£47 win at minimum stake). And you have to do win at least once in every 16 goes to make a profit. That sounds a harder call, but those odds are often available early enough for the picture to change - and sometimes work best if looking to bank numerous early-exit gains rather than hanging on till expiry.
Other players I'm sure will advocate different strategies.
Unconvinced it can work?
In that case try viewing the screens and just place a few imaginary bets, to see how they would have panned out.|
|Thats better and possibly true!!
|Hey Freddie, where has the 'FUN' gone?