Alright, boys and girls, today we’re going to learn about financial betting. We’re going to try and give you a complete outline of everything you need to start betting on finance and start making money!
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This guide should cover everything you need to get started, from the financial betting sites, the different kinds of bets you can make, all the way down to comparing betting on finances vs. investments.
If you’re ready to roll, we’re going to kick things off by giving you a list of the top financial betting sites you can find in 2020. We’re confident that using any of these online sportsbooks will provide you with a safe betting experience and have the lines that you are looking for.
Top Financial Betting Sites
These sportsbooks are, without a doubt, the top-of-the-line betting sites for financials currently on the market. We have vetted and extensively reviewed each one of these sites to ensure that they deserve to be in our recommendations.
Betting Real Money on Finance – The Basics
Can you really bet on finances online? Of course! These days you can bet on just about anything. “Why bet on finance?” That’s a great question to start with. As with any form of betting you want to do, whether you’re a fan of football betting, or even betting on politics, the reason you do it is for the chance to win money!
If you’re a smart bettor, you will obviously be looking for ways to gain an edge and increase your ROI. This is where financial experts can take your knowledge and start winning some money by using the knowledge you have to find value!
First, let’s go over a few essential starting points you need to understand before you dive into betting on finances.
What Even Is Financial Betting?
In short, when you’re placing financial bets, like with any other kind of betting, you are placing wagers on things that have unpredictable outcomes. In this case, you would be trying to predict things like:
- Price fluctuations in Bitcoin and other cryptos
- Interest rates in the US and other countries
- Price fluctuations of gold and silver
- And more!
These are smaller parts of a bigger picture, however. When betting on finance, the bulk of what you are betting on fall under the following categories:
- Indexes (or Indices)
We’ll talk about how each of these works in more detail further down this page. There’s a lot that goes into these, mainly forex, so be sure to do frequent research to gain as much information as you can before you start betting!
That’s really all there is to it!
The reason you can bet on financials is because they’re constantly changing. This is the same reason you can bet on sporting events, as you don’t won’t know the outcome until the game is over.
What Types of Bets Are There?
As with any type of online betting, there are a few different ways to bet on financials. Some of these bet types are for beginners, while some take a healthy amount of knowledge to grasp completely. We’ll go over the three most common types of financial bets in order of easiest to understand to most difficult.
Fixed Odds Betting
Fixed odds betting is the most common type of finance bet you can make. This is a relatively simple bet to make as well, so this is the ideal place for beginners to start.
The basic premise here is that you will be betting on how a financial market moves based on the way the shares move. This means you will bet on whether it goes above or below a certain point until the timeframe allowed is over.
You can almost view this as betting the over/under in sports to picture it in a more simplistic sense.
Here is an example. Let’s say you wanted to place a bet on what the price of Bitcoin was going to be by the end of the day; in this example, the book would have an arrangement of different pricing options for you to bet on.
If you place bets closer to what the book thinks the price will end up being, then your payout will be lower. But, if you have a gut feeling that it will be way out of left field from what the book thinks and you’re right, you get a nice payday!
Still stuck? Here’s a handy little visual to help you.
If this still isn’t very clear, we recommend you check out the sports betting guide that we offer. You can start there before you dive too far into financial betting, as the types of financial bets only get harder from here!
For those of you with a pretty firm grasp on financials, this is where you will most likely end up putting in most of your time. Spread betting gets a lot of traction in the finance betting market for a good reason.
Why? Well, within reason, you have the potential to win “endless” amounts of money. Let us explain this in a little more detail.
While the potential could be there, it isn’t realistic to go in expecting you’ll make endless sums of money (bummer, I know). Since the bookmakers or online betting sites you use will put caps on how much you can bet, actually winning endless amounts of money is out of the question.
But that shouldn’t turn you off, because there’s still potential to earn a nice chunk of change if you’re smart about your spread betting. Essentially, your bet is solely based on the fluctuation of the share or stock you’re betting on. So, if the share were to fluctuate upward by millions of dollars, that would certainly put a smile on anyone’s face!
How these bets pan out is usually really interesting to watch, so we would recommend trying it at least once, probably with a small amount to start with, though!
Binary betting is not for the weak-willed or faint of heart.
This type of financial betting can be a bit complex, especially if you’re not a seasoned stockbroker or trader.
With binary bets, what you’re betting on is an odds index ranging from 0 to 100. The bet settles at 0 if the event doesn’t happen and settles at 100 if the event does happen.
If whoever is placing the odds doesn’t think the event will happen, the price will be lower, in the 20-30 range, and it’ll be the exact opposite if they think the event will happen.
The “events” you are betting on will be bought or sold. So, as a bettor, if you believe the event will happen, you would “buy” the bet. On the other hand, if you think the bet won’t happen, you would “sell” the bet.
There are a few different options involved in the bet types you can choose here such as:
All these options have different sets of math involved that we won’t get into now. If you want to learn more, feel free to check out this guide that outlines the math in more detail.
Finance Betting vs. Financial Investments
We’ve covered a lot of information so far and this is really just the basics! But, before we finish up, we felt it necessary to cover the topic of betting vs. investments.
What we want to address is that while on the surface, it could seem that investing in something on the stock market may be a gamble, but there are still many differences between these two concepts.
Here’s one of the biggest takeaways that you need to understand.
Is one option safer than the other to get involved with? We can’t say that for sure, because it depends entirely on the person. Some people’s minds are more geared for long-term investments, allocating funds, and following the NYSE to scan for new blue-chip stocks to invest in.
On the other hand, some people are very risk-manage-minded and know how to get in, make quick money, and move to the next area of value.
Just remember that no matter what you go with, your money is on the line. If you choose to invest or gamble, make sure you have the necessary funds to do so. Likewise, if you feel like you have a problem or might be developing a problem, seek help immediately.
- Easier to learn
- Fewer fees
- An easier way to make money immediately
- More sustainable over the long term
- Potential for less risk involved
What About Forex?
We did say earlier in the article that we would talk about forex later. Well, the time has come.
Forex, or FX, is a shortened version of saying “foreign exchange.” The forex market is a global trade market for national and regional currencies. This means, that currencies will trade against each other, like a EUR vs. USD, for example.
Forex trading offers the following types of markets:
- Currency swaps
Forex is the leader in exchange markets throughout the globe. All of the world’s currencies are traded via forex. Because of this, having at least an understanding of how the forex market works is essential for finance betting.
If you take some time to learn all you can about forex trading, it will significantly benefit your bottom line when betting on finance.
How to Get Started With Financial Betting in 5 Easy Steps
- Choose a reputable financial betting site
- Pick what type of bet you’re most comfortable with
- Study the market and keep up with trends
- Establish your bankroll
- Place your bets and wait for the outcome!
1 – Choose a Reputable Real Money Betting Site
This one is easy. We’ve already done the work for you! Of course, we understand if you have a bit of skepticism.
If you want to know more about the brands that we recommend, be sure to check out our reviews section that covers how we review these sports betting sites in detail and why we recommend the ones we do.
2 – Pick What Type of Bet You’re Most Comfortable With
Above, I outlined many different ways to bet on finances. Before you start betting, you need to consider all of that information and choose which one you think you could excel in.
Don’t be afraid of being a newcomer in the market, as everyone has to start somewhere. If you’re a complete beginner to finance betting, we recommend starting with fixed odds betting and going from there.
The choice is yours, though!
3 – Study the Market and Keep up With Trends
This is a crucial step. If you’re going to bet on finance, you have to understand the market and watch what’s happening.
Could you imagine being a football bettor and only watch Marvel movies and never a game of football? That just wouldn’t make sense.
The same principle applies here; if you want to be a successful financial bettor, you need to have an interest in what’s happening and actually pay attention!
4 – Establish Your Bankroll
This one should hopefully be obvious, but any bettor knows how important this is to reiterate.
- Figure out how much you can spend
- ONLY spend that amount
- NEVER take out more to try to cover a loss
If you can follow this step, you’re in for a great time of betting ahead of you!
5 – Place Your Bets and Wait for the Outcome!
And there you have it! Put your bets in, follow this guide, pick a bet you’re comfortable with, and start rolling in the dough!
Frequently Asked Questions About Financial Betting
Here, we’re going to cover a few quick questions regarding finance betting that we find many people have. If you have a question that isn’t covered here, please do not hesitate to contact us!
The Wrap Up
We hope that you see this page as an incredibly useful resource in your financial betting journey! Please check back as we continually review and update our financial betting site recommendations on a regular basis.
Good luck with your bets!