Online Financial Betting in Australia
For most Australians, the financial market is not a place one immediately looks to for betting opportunities. It may seem a bit bizarre, but financial betting is becoming one of fastest growing betting markets in Australia. Every day, local and international financial markets are constantly changing. News from around the world changes the value of major companies which impacts the market indices and ripples through to the commodity and currency markets. This constant shift in prices provides punters with a unique and innovative betting opportunity. In Australia, a punter can go online using their mobile to place a bet on their whether a particular stock will grow or shrink from one day to the next.
Financial betting is unique and specialised type of betting market. While most betting markets are handled exclusively by sports bookers, financial betting is also handled by specialised financial brokers. When a punter participates in a financial bet, they are essentially predicting what a stock is going to do in the future. The bettor can try and predict whether the stock will go up or down and by how much. So how does financial betting work? The first thing to know is that there are two main types of financial bets a punter can choose from, namely Binary betting and Fixed Odds betting.
Fixed Odds financial betting allows punters to bet on the movements of various financial markets. Essentially, punters will have the opportunity to bet on whether a particular financial market or stock will finish above, at or below a pre-determined market level within a selected time period. This time period could be as short as five minutes or could extend to Hourly or Daily fluctuations. Fixed odds bets pay a fixed amount on expiry and losses and are limited to the value of a bettor’s total stake. This makes fixed financial betting odds betting an ideal introductory betting style for punters who are new to this particular mobile betting arena.
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Binary Financial Bets
Binary Betting is a little different to fixed financial betting odds and leans slightly towards the world of spread betting, but without the risk of losing more than your bet. In a binary market, one of two outcomes are possible, these being either WIN or LOSE. These are represented by 0 or 100. You can either buy or sell a binary bet. If you are buying a binary financial bet, you are selecting the market level to finish above the line at the end of your selected betting period. If you are selling a binary bet you are selecting the market level to finish on or below the line at the end of your selected betting period.
Fixed Financial Betting Odds
In a way, financial betting is like playing the stock market without the risk of losing more money than you put in. Unlike finance trading, if a market drops below the level or your initial investment, you only lose your initial betting amount. Betting on financial markets can be quite tricky. In order to get the best results a punter must analyse the historical data of the market he is betting on. In addition a bettor needs to take in consideration current affairs and global markets. If you have always wanted to give financial betting a try, you are in luck. To make it easy for you we have provided you with access to the best Australian online betting sites right here.