Using the Different Types of BetonMarkets Wagers
Someone new to BOM must take some time in learning the navigation of the site and pricing the various types of wagers in the various markets. Since not all the wagers available to be used are suitable to the strategy chosen, it is important to know and understand each of the different wagers.
First on the menu are the doubles. These can be double up or down, intraday up or down, and super doubles. For the double up or down, the player thinks that the price of the underlying will close higher or lower than the current price (a commission in the form of a spread will be added to the current price). The next one is intraday up or down. The player bets that the price will be higher or lower at some point during the session but at least ten minutes away from the starting point. The commissions on these are three times worse than on double up or down bets.
The last one on this type of wager is the super doubles which is a combination of the two intraday bets that pay odds minus a commission. This bet is for pure gamblers and there is no way to get an edge even if you are a good daytrader.
The next type of wagers are the expiry bets - these can be bull, bear, and range. For bull or bear, one is betting on the price of the underlying being above or under a particular price on a future date. This a pure trading wager since the commissions are determined based into the pricing. When it comes to ranges, the betting of the underlying will be between two particular prices on a future date.
For the boundaries type, there is one touch, no touch, barrier range, double touch, and up or down. In a one touch, a wager of the underlying will come to the point of a target price on or before of the expiry date. When the underlying will not touch the target price on or before, it is called no touch. The barrier range is simply a combination of two no touch bets. A double touc must reach the price target twice somehow and is pure gambling.
Finally, there are spread bets. Spread bets are like trading in real future contracts since they require margin and will be closed by BetonMarkets if the market goes against your position enough to trigger a margin call. Alternatively, there are also bull stop and bear stop bets. This is quite the same as the spread bets but they require a stop loss point rather than margin and are therefore more manageable.
