The world of betting is changing dramatically - say hello to Binary Betting.
In recent years betting on sporting events and the trading of financial markets have been moving closer to each other, and binary bets are the result of this convergence. Binary bets combine the attractions of sports betting with the flexibility of the financial markets.
Binary bets allow punters to:
- Bet on hundreds of different sporting and financial markets
- Close out bets before the event takes place
- Profit from spectacular price moves
- Bet in unusual and unexpected ways - experienced traders will love this
This is the first book on binary betting and explains in simple language what binary bets are, how to trade them profitably and how to reduce risk. Within the book there are many real-life examples of binary betting trades and minute-by-minute analysis of binary price behaviour. In addition the book includes inside tips from an experienced trader who uses binary bets in his trading day in and day out - discover the bet that pays out even when you get it totally wrong!
Find out what makes binary betting the fastest growing area of betting and why traders are switching to the new exciting world of binary bets.
"An impressive, thoughtful and readily comprehensible explanation of binary betting."
- Guy Riches, Capital Spreads
"A great piece of work. Well done!"
- Nick Maughan, BetsForTraders.com
"Very comprehensive and well written."
- Will Hardy, IG Index
"Immensely readable and my few misconceptions corrected almost immediately. Wish the book had been around a few years ago when I took a look at Binaries and decided to stay with Spreads."
Michael Sheldon
Introduction
Who should read this book
Why you need this book
How this book is structured
1. A Quick Overview of Betting
Betting
Types of betting
Summary
2. What is a Binary Bet?
Comparison with other fixed-odds betting
Complementary binary bets
Risk and reward
Binary bets - the market today
Summary
3. Trading Binary Bets
Binary betting prices are continually changing
Closing out a bet early
Trading bets
Summary
4. Different Types of Binary Bets
IG Inde – financial bets
IG Inde – sports bets
Betfair – financial
Betfair – sports
BetOnMarkets – financial only
BetsForTraders – financial only
HedgeStreet Inc – financial only
ChoiceOdds – financial only
Summary
5. Getting Started
Choosing a binary betting company
Opening an account
Logging in
Viewing charts
Funding your account (margining)
Placing a bet
Closing a bet
Telephone
Bet size
Limits and stops
Monitoring positions
Dealing times and times to trade
Spreads
Taxfree
Regulation and compliance
Commissions
Taking profits
Summary
6. Real-Life Trading Examples
Six trades
Summary
7. Ten Binary Betting Tips
Appendices
I Directory of Binary Betting Companies
II Differences between spread betting and binary bets
III Different ways of expressing fixed-odds bets
Index
About John Piper
John Piper has been involved with markets since his early twenties. In the late 1980s he started to trade options full time and did so right through the Crash of 1987 - an experience that stands him in good stead for markets today.
For over a decade he has been the editor of The Technical Trader, the leading newsletter in the UK for those who trade futures and options markets worldwide. His articles bring a fine edge of analysis to markets and how they work.
He trades full time, making consistent profits, and now manages money for selected clients at Berkeley Futures Ltd, a firm regulated by the SFA. He lives in Cobham, Surrey and in Massa, Italy.
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