I was watching a video where some guy whose name I believe is Kristian Harloff mentioned that he bet money on the Oscars, and he was on the phone checking the odds on his picks with some guy from an Antigua/Barbuda gambling site called Betonline.
I was curious as to whether they might offer bets on financials, so I checked them out and it appears that they do. It also looks like they might prove to be an acceptable alternative to Nadex, which I have decided not to give any more of my business for a number of different reasons.
First of all, it looks like their minimum deposit amount is $50, whereas I believe Nadex is up to $200. Second, it seems a wager at the current price offers a potential 75% return on investment as compared to only 50% at Nadex. Of course, a professional investor would insist on a minimum 1:1 reward-to-risk ratio, but with a daily success rate north of 80% to 90%, a reward-to-risk ratio of 7:10 doesn’t bother me at all.
From what I can gather, the minimum stake is $2.00, which beats the heck out of Nadex’s $100, and it appears Betonline has flexible time increments of 1 min, 5 min, 30 min, 1 hour, 4 hours, and 1 day, which I will probably no doubt prefer to Nadex's regimented and limited 5-min, 20-min, 1-hour, 2-hour, and multiples of 4-hour blocks.
A lot of betting sites do not serve U.S. residents, but this one apparently does, and since a move of one pip can be worth $1.50 on a $2.00 wager, there is the potential for me to make a lot more money at Betonline than I am currently making with my 0.01 Lot trades at OANDA, so if I end up giving them my business, this is where I will keep track of my experiences there.
I was curious as to whether they might offer bets on financials, so I checked them out and it appears that they do. It also looks like they might prove to be an acceptable alternative to Nadex, which I have decided not to give any more of my business for a number of different reasons.
First of all, it looks like their minimum deposit amount is $50, whereas I believe Nadex is up to $200. Second, it seems a wager at the current price offers a potential 75% return on investment as compared to only 50% at Nadex. Of course, a professional investor would insist on a minimum 1:1 reward-to-risk ratio, but with a daily success rate north of 80% to 90%, a reward-to-risk ratio of 7:10 doesn’t bother me at all.
From what I can gather, the minimum stake is $2.00, which beats the heck out of Nadex’s $100, and it appears Betonline has flexible time increments of 1 min, 5 min, 30 min, 1 hour, 4 hours, and 1 day, which I will probably no doubt prefer to Nadex's regimented and limited 5-min, 20-min, 1-hour, 2-hour, and multiples of 4-hour blocks.
A lot of betting sites do not serve U.S. residents, but this one apparently does, and since a move of one pip can be worth $1.50 on a $2.00 wager, there is the potential for me to make a lot more money at Betonline than I am currently making with my 0.01 Lot trades at OANDA, so if I end up giving them my business, this is where I will keep track of my experiences there.
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