How to Place Bets on BetOnFinance

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How to Bet on BetOnFinance?

BetOnFinance is the newest online gaming system that managed to join up betting and financial market together. Although it may look complicated, these unique service help traders participate in financial markets. According to the BetOnFinance, this is the first company that offered new online gaming service. In this article, we will discuss how to bet with BetOnFinance.

Those who are interested to find out more about BetOnFinance, please read our BetOnFinance review.

Open Account with BetOnFinance

In order to start betting with BetOnFinance traders or bettors have to first open the account. In upper right corner of the site, traders will see yellow register button. After clicking on this button traders will find a simple register form they will need to fill out.

In view of creating the account, traders have to provide their email, username, password currency and the language they want to use while trading with BetOnFinance. After filling the account details, traders can move on and click on next step.

Next step includes filling some personal details like name, last name, street address, country, phone and birthday.

After all the details have been filled, traders can continue and verify their BetOnFinance account. After they accept BetOnFinace terms and conditions traders can click on Complete registration and check their mail to confirm their email address.

BetOnFinance – First Steps

In order to understand the rules of the game, traders will receive short welcome tips after they manage to register with BetOnFinance.

First of all, trading can start after bettors made the first deposit with BetOnFinance. To do that, they need to click on the blue Deposit/Withdraw button in the upper right corner of the account. BetOnFinance provides various payment options like MasterCard, Visa, Visa Electron, maestro, Neteller, Skrill or Trustly. Bettors can deposit from €10.

For traders that are using BetOnFinance for the first time, there is a welcome bonus that can be activated right after the registration.

After they have managed to choose the payment method and made a deposit, bettors can continue choosing the game they want to bet on.

We have registered with BetOnFinance to get the idea of this new online gaming system that reminds us so much of traditional horse betting. After a quick registration, BetOnFinance has welcomed us with €15 of Welcome Bonus. We haven’t provided BetOnFinance with any credit card details, we just wanted to check the interface and see what services they offer to their bettors.

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BetOnFinance Games – What Markets are Available?

BetOnFinance provides various tutorials that might help bettors to get an idea about each game they can bet on. We have analyzed all available games and found out that BetOnFinance bettors can choose between three main market types of betting:

  • Stock Race Games
  • Index Games
  • Event Games

After a trader has decided on which market type he wants to bet, bettors need to choose a game type and expiry time of a game.

BetOnFinance Stock Race Game – Game Rules

Stock race game allows bettors to bet on a stock they believe that will win or lose in view of other stock in given time. The concept is the same like horse betting, but bettors bet on stocks. Traders can choose to bet between 30 given stocks. The stock race allows traders to set Top3 or Bottom3 stocks that will be participating the race on that day.

The stock race is a pool game which means bettors are betting against each other and not against the BetOnFinance. The odds are never fixed, meaning that it depends on the total amount of the bets made by bettors for that specific race.

Bettors can choose different variants of stock race gaming, which means they can bet before the market opens or on the live games . If bettors choose to bet before the market opens, the can set winner or loser stocks up to five trading days before the game starts. Those who choose to bet on live games will enable to see the overview how markets are progressing on the beginning of the day.

The game is finished when the market closes and when the official results are given through BetOnFinance dashboard. Bettors are betting on a final value of the stock that is shown in the stock exchange market.

BetOnFinance Index Game – Rules

Are you interested in betting on the stock index? BetOnFinance Index Game allows bettors to bet on stock index change in certain time frame. Bettors basically bet on a price change of certain stocks, compared to the closing price in the earlier period. This betting game is indicating the price change in percentage.

Bettors can choose to bet on Half-day games, live games or on a range . Half-day allows bettors to finish their bet before the market closes on that day. This means that game ends at 12:20 PM on the local time of that specific market. The values of the stock are measured and based on the live price at noon, local time.

Those who choose to bet on a range, they will bet on 0,25% ranges instead of bet on a real price change.

BetOnFinance Event Games – Rules

BetOnFinance has offered unique games that allow bettors to make bets within various events. We have found that BetOnFinance bettors can choose to bet on various company events, macroeconomic or political events, CEO game, IPO or First-day game. Every game will offer different range and outcomes and this will depend on which type of event game is chosen.

Bettors can start betting event games starting from €1 and the odds always depends on the amount bettors have invested in the pool.

BetOnFinance Placing a Bet

Bettors can bet on BetOnFinance only when they are online. After they have logged on their account and made a deposit with BetOnFinance, they can start placing bets. After clicking on Bet Now button, bettors will be redirected to their Bet Slip trading platform. The left side of the BetOnFinance platform offers a drop down menu where bettors can choose preferred market, game type and other game specifications like time period and game day.

After they have set betting specifications, bettors will be able to see all available bets for chosen game. BetOnFinance welcomes bettors to choose the amount of each bet and betting can start. After they have decided about the bet, in order t activate the bet, the bettor needs to confirm the popup window.

BetOnFinance platform allows bettors to track their bets on their homepage interface. Bettors can also track and analyze their bets on the weekly basis data given by BetOnFinance. Besides personal success, bettors can track most successful bettors on the BetOnFinance and the real time situation on the markets.

If you are tired of standard binary options trading and like traditional horse betting, BetOnFinance could be an interesting thing to try.

Betonfinance.com

Online Trading of Stocks, Currencies, Options and CFDs

Online financial betting has become one of the most lucrative and exciting types of investments in the 21st century. Thanks to the advanced technology and unexpected market momentums, such as great financial crisis, more and more people are looking for alternatives to traditional forms of investments. In the past, financial trading was reserved for the privileged few, but nowadays everyone can try it. It is an amazing opportunity to make a profit and experience the trading rush in a completely new manner known as financial betting.

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Online trading and betting on forex, stocks etc. have quickly become favorite among many traders. It is easier to comprehend, requires less initial funds than traditional forms of financial trading, and it is open to traders all over the world at the same time as long as they have an internet connection.

The most interesting part is that traders are becoming more and more keen to financial betting, than to traditional types of online trading, as this type of participating in financial markets can be equally lucrative as traditional stocks trading.

Financial Betting and OnlineTrading – New Aspect of Financial Industry

There are many forms of financial trading available at the moment. Such variety can cause confusion, especially considering that market is saturated with numerous financial trading service providers such as brokers. It can be hard for a beginner to make a good decision and choose a proper and reliable financial trading service.

Still, online trading provided an interesting haven for those who prefer to trade anytime, anyplace and who don’t want to be limited by requests for expensive investments, which is often the case in traditional forms of financial trading.

Nowadays, online betting opens financial trading to everyone. Traders can bet on stocks, forex and many other assets on online trading platforms. They can easily trade from the convenience of their home and experience lucrative profits, especially if they apply specific strategies and follow market news and updates.

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What is Financial Betting?

Financial betting can be defined as a special type of betting where a person wages the price in the future against odds given by the online betting or trading company. Unlike in traditional betting (like horse betting), users bet on financial assets, usually, forex, spreads, stocks etc., and not on competition results (like they do in sports betting). Traders are familiar with the risk and potential payout as the coefficients are displayed next to every potential bet.

These principles would make financial betting a type of digital option. Bettors also don’t need to have ownership over the underlying asset at any moment but are simply betting on the price movement. There is no middle ground, every participant in the betting process can only win or lose. What makes financial betting similar to trading is that there are certain indicators that can be used in order to increase the success rate. Different statistic data can be applied, market trends followed and strategies integrated which means that there is a higher level of control. It is not only about luck but about good preparation as well.

Financial Betting for Beginners

This new form of online trading is very popular among traders who never before experienced an opportunity to participate in financial markets. Betting on stocks, forex, spreads and other is easily accessible thanks to lower investment demands.

Most financial trading companies who offer this type of betting platform, offer bettors the opportunity to simply open a free account, make a deposit and use all the money for betting. What is interesting is that they can make decisions and place bets all by themselves and never have to contact an additional intermediary, which is a common practice in traditional betting and trading.

Betting on stocks, spreads, and forex allows users to determine how, when, and why they want to place their odds. This advanced new system of financial trading is more open towards new traders who are looking for easy to understand financial platforms, and don’t have significant capital to invest.

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Betting on Stocks Guide

Betting on stocks is very similar to betting on spreads. In both cases, the bettor never really has to own the asset that is used in the process of betting, but there are also some differences that are important to understanding.

Betting on stocks can be based on one of two main principles:

  1. Bettor can make prediction how a certain stock will perform in the future
  2. Or bettor can make a prediction which stock will perform better out of two.

Let’s break this down.

For example, the bettor can place a bet based on his prediction that CompanyX stocks will rise in prices till the end of the day. If the current stock price is $200, he can place a bet that until the end of the day the price will be $210. If he is right, he wins, if he isn’t he loses the bet.

Also, some online betting platforms offer the possibility to bet which stock will perform better. A bettor can believe that CompanyX’s stocks will outperform CompanyY’s stocks. This approach requires a vast knowledge of all the factors that are influencing each and every stock involved in a bet.

Betting on stocks is very popular as it is easy to grasp, and is much less subjected to manipulation and human involvement, unlike the sports betting. Sports betting still involves scandals about fixing the matches, while in financial betting such rumors have no place. The market is simply too big and too important.

Betting on Spreads

In order to understand the spreads betting, bettors must first understand what spread is. Spread is the range between the bid and the offered price quoted by the betting company. Bettors can make a prediction whether the price of the certain stock will be lower or higher than the offer. Just like in other forms of betting, there is no need to gain ownership over a certain asset or stock in order to place a bet.

Here’s an example of spreads betting.

Your betting company publishes quotes for CompanyX. The bids are $1000, and the offer is $1100. Yet, the bettor believes how the price of $1000 is unsustainable and how the price will be lower, so he bets $10 for every dollar that the stock falls below $1000. If the bettor is right, and the price ends up to be $970, the trader will win $300 ($10 for every $1, and the price has fallen for $30).

What is Forex and Forex trading?

Many bettors also decide to join the exciting world of forex betting. Forex is a word that became a household term, a yet even many bettors don’t know what it is all about.

Forex, also known as FX, is the market where foreign currencies are traded. It is considered to be most liquid market in the financial industry and can be traded 24 hours a day, 5 days a week, except on weekends and holidays. It is a very interesting market that regularly reaches trillion dollars in traded values daily.

In most cases, forex betting is based on spreads.

Forex Spreads Betting – The Basics

Forex spreads betting is no different than the stocks spreads betting, except for the fact that there are currencies involved. It is considered that the narrower the spread, the more exciting the currency pair is. However, besides minimum spreads, there are average spreads available as well. Most popular currency pairs in forex betting are created with most famous currencies: USD, EUR, JPY, GBP, AUD, CAD, CHF, NZD.

Financial betting platforms are offering other currency pairs as well, all depending on their specific lists. As always, diversity in betting is highly encouraged as it can reduce risks involved when trading or betting only on one currency pair. Also, keep in mind how main currencies are affecting movements of some less significant and popular currencies.

Many forex betting companies allow bettors to place either spot or forward bets. Spot forex bets are much narrower and are executed in shorter time frames. Forward forex bets are usually referred to longer time frames which are often considered to be more suitable for beginners or conservative traders, but it is also a much less exciting form of betting.

Best Online Trading & Financial Betting Tips

It is a common misconception that betting is an action that relies completely on luck, and therefore, leaves trader or bettor without any form of control. As this can be valid for sports betting or betting in general, in the world of financial betting there can other factors be involved as well.

In financial betting, bettors can use different strategies, approaches, and tips to become more successful. Here are 5 best financial betting tips that can be used in all forms of betting and financial trading, no matter whether you are a beginner or advanced user.

  1. Do a financial analysis before financial betting and/or trading

The easiest approach is to log into your betting account, enter the online betting platform, select a few bets that seem profitable, place them and hope for the best. This is, unfortunately, also the riskiest approach.

Before making a bet make sure to understand current and potential future market conditions to avoid mindless betting. Financial betting is just like financial trading based on market movements, that are repeated periodically. Also, everyday news can highly affect market changes and the levels of volatility.

This means that every bettor can simply focus on these news and government reports that often directly deliver expectations on market movements.

  1. Have a betting strategy

Instead of choosing your bets randomly, have a strategy. Besides betting strategies, there are also money management and time strategies that allow you a better overview of the entire betting process. Every bettor can decide how many bets can take place based on certain market conditions, funds available, and success rate.

Such reasonable approach makes betting much safer form of investment than it is betting that is based solemnly on luck.

  1. Select a good betting platform

Having a reliable betting service or betting platforms of highest importance for every bettor. Your betting service will be the one that determines the betting odds, the lowest amount you are allowed to bet and the process of getting a payout.

In order to find a proper and reliable betting company, make sure to read reviews and find out as much as possible. Don’t hesitate to contact their customer support for any additional information. Also, make sure to check what payment methods are supported so you can prepare yourself in advance and don’t lose time once you want to start betting for real.

  1. Set some realistic goals

Make sure to understand how financial betting, whether it is forex, stocks, or some other type of spreads, will not make you rich overnight. For beginners, it is recommended to place bets with fixed odds and to start small. Considering that most forex betting companies allow bets for as little as $1, that shouldn’t be a problem.

Also, understand that 100% success rate is impossible to achieve. Such numbers are made up as sometimes volatile conditions occur when least expected and can cause a big headache to financial bettors and traders.

  1. Understand the concept of betting

Many bettors believe how it is all fun and games when it comes to financial betting. After all, who hasn’t placed a bet with a friend at least once. However, betting on stocks, forex or spreads is more serious than a friendly bet.

Financial betting contains the risk that can be reduced and managed, but only if the trader fully understands all aspects of financial betting. Don’t hesitate to learn about financial markets and use tools while placing bets. This can highly help you advance in your results!

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About Betting on Stocks Regulation

Betting on stocks, forex or other financial instruments is not a new thing, although only recently it became available online. While many believe that the world of online betting is like a Wild West, the truth is quite the opposite.

As always, there are some financial betting companies that operate without licenses, but overall – it is a regulated market. Every country in the world has an agency or another type of government body that regulates the betting industry.

Betting Regulation USA

The United States of America has very developed betting industry. Also, it has 50 states, and in many cases, local governments have declared additional laws that regulate not only financial betting but betting in general. This is an important fact that all bettors have to keep in mind. In order to trade safely, learn about betting regulation in your state.

On the federal level there are two documents that regulate the betting industry:

The Interstate Wire Act was presented in 1961 with the mission of preventing transmission of bets, wagers and related information via wire communication. This document was created in order to put an end to the betting mafia that was running some serious illegal business back in the 50s and 60s. The new and evaluated version that was presented in 2020 declared ‘wire betting in sports’ prohibited, but not other types of betting.

The Unlawful Internet Gambling Enforcement Act (UIGEA) that was passed in 2006 caused many headaches. It is limiting banks and credit card companies to transfer any money made with illegal gambling companies. This is why US bettors should research the status of betting on stocks and forex in their country.

Of course, there are some state laws that are hard to navigate. Still, in these states, unregulated online betting is considered to be illegal: Illinois, Maryland, Louisiana, Indiana, Montana, New Jersey, Nevada, Oregon, Washington, Wisconsin, and South Dakota.

Betting Regulation EU

The fact that the European Union has so many members makes it difficult to pass the universal betting legislative and regulatory framework. So, the regulation of the betting industry is depending on the policies of each individual EU member. However, some countries like Malta (Malta Gaming Authority) are more popular among online betting companies than other. The reason for this is complicated bureaucracy and slow regulatory framework that is often not adjusted to modern trends and demands.

How to Bet on BetOnFinance?

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BetOnFinance is something new in financial markets as it combines traditional betting with internet trading platform in order to provide really unique service. Betting on BetOnFinance is pretty similar to the one our grandparents used to do when horse or dog betting. The bettor has to select its favorite stocks and simply put their money on how will they perform in certain time period. Will the Google Stocks be in Top 3 of the day or maybe the best performing? Just like when it comes to horse betting, the bettor has to estimate the chances and performances.

Easy Login and Great Introduction

In order to start betting, account must be created. The SignUp button is in the upper-right corner of the website and only basic info is required (username, email, password and date of birth). Soon after making an entry, a verification email is sent, and after clicking the link, the bettor can start betting.

When the user enters the platform big ‘Do You Need Help’ banner will show op. FBO team highly recommend reading the instructions, as they can be very useful, especially for beginners.

The banner leads traders to learning section that is based on educational videos and FAQ section. It gives a great introduction to the world of betting and explains all terms in a simple way. There are also types of games and game rules listed. It is a great idea to put this type of banner first, as it immediately provides traders with the necessary information.

Placing Bets on BetOnFinance

The next step is to place bets. By Clicking ‘Bet Now’ users are redirected to their Bet Slip. Bet Slip is actually betting platform where every trader can choose how and when to place their bets. On the left side, users can see a drop-down menu where they choose a market, game type, period and game day.

After the user gets finished with this part, it is time to pay attention to the middle, where all possibilities are listed. Immediately after the stock has been selected, the Bet Slip is open, in the shape of the little white window, where the bettor can enter the amount of money willing to bet.

When the bet is finally completed, a pop-up window with confirmation will show up. A pop-up window lets the user know the bet is successfully placed.

Now, all bettors have to do is wait and see if their bet is profitable of not. All bets placed can be followed on the homepage that provides weekly analysis of bets as well. There you can also find the list of most successful users, the real-time situation of markets and financial calendar.

This online platform really makes betting more interesting than ever and is adjusted to all types of traders. It provides enough information so that even beginners can place successful bets and experience online betting in a new manner.

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Between 74-89 % of retail investor accounts lose money when trading CFDs

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