golden profit sharing
BetOnWorldMarkets
ABOUT US :
F.A.Q.>
What is a fixed odds bet?
What are the advantages of fixed odds betting?
How are prices calculated?
How does BetOnMarkets.com make money?
How can BetOnMarkets.com offer smaller transaction sizes?
Bet sensibly.
How can I learn how to play?
Can I convert my "Virtual Money" account to a "Real Money" account?
How do I register an account with BetOnMarkets.com?
How can I place a bet?
Can I have two or more BetOnMarkets.com accounts?
What currencies can I bet with and what is the minimum/maximum stake?
What markets can be traded on the BetOnMarkets.com betting platform?
By which time zone are bet opening/closing times determined?
What are the trading hours for each product?
Are your market quotes in real time?
How do I claim my winnings if I win my bet?
How are my winnings computed?
Where are my winnings paid to?
Where can I see a summary of my transactions?
What does the "portfolio" consist of?
What are the account limits?
What are the trading limits?
Do I own the shares if I buy a bet?
Can I leave funds in a BetOnMarkets.com account?
What if I want to change my personal information?
What if I forget my password?
How do I change my password?
Is the password field case-sensitive?
Is financial betting on the Internet legal?
How old do I have to be to use BetOnMarkets.com?
Do I have to pay tax on winnings?
What is a fixed odds bet?
BetOnMarkets.com offers fixed odds financial bets; i.e. financial bets that pay a fixed amount (or nothing) on expiry. In other words, when you buy a fixed-odds bet from BetOnMarkets.com, you are entitled to receive a payout, which is a fixed multiple of the amount you have staked. With the BetOnMarkets.com dealing system a client expresses a view and makes a prediction. If the prediction comes true, the client will profit by a predetermined amount. Before any bet is placed, the client knows the entire possible downside as well as the exact possible profit.
However, with most bets, you are also able to sell your bet before the final settlement date to mitigate your losses or take your profits out early. This means that your risk level is clearly defined at all times.
[Go to top]
What are the advantages of fixed odds betting?
1. Fixed odds betting constitutes a limited risk facility for gaining upside, sideways or downside exposure on a number of globally traded stock, indices and currency pairs.
2. Your risk is limited to your stake at all times yet high leverage is still possible; you risk a fixed amount of money (the purchase price of the bet), which constitutes your maximum liability.
3. Instant, Easy, Simple and Flexible. Our dealing platform offers near-instant executions with unprecedented simplicity and ease of use. You choose the closing time and date for all bet which can be as little as 10 minutes (as for the Intraday Doubles) from the current time and as long as 6 months. You choose your potential winnings per bet and you never have to risk more than you want to (unless purchasing "Stop Bets" or "Spreads"). You don't need to monitor the bets or regularly follow the markets; you can let your bets expire on the settlement date without having to determine when to cut a losing position or to take profits.
4. Versatility. You can adapt or adjust your positions according to any situation that arises. This means you can do everything from protecting a position from a decline to outright betting on the movement of the stock markets.
5. You can bet on the markets for as little as 5 and as much as 50,000 GBP.
[Go to top]
How are prices calculated?
BetOnMarkets.com uses a variety of methods to compute bet prices. Some bets are priced using complex mathematical algorithms, based on option pricing technology whilst others are priced using simpler methods. Our advanced pricing models take into account market implied volatility, the current market quote of the underlying market, expiry date, present market conditions and other contributing factors. Furthermore, prices are weighted according to demand; bets currently in high demand will be priced at a premium to bets in low demand.
[Go to top]
How does BetOnMarkets.com make money?
A small sales commission is built into the price of all bets. This commission is not constant and depends on the market conditions. To find out the exact commission amount charged on a bet, log into your account and select "Advanced Mode" (situated under the Home menu). Then price a bet as per normal, and click on the link "Further Info." to see the exact amount of commission charged on that specific bet. When you buy a bet, the amount deducted from your account is simply the price of the bet; there are no additional fees.
[Go to top]
How can BetOnMarkets.com offer smaller transaction sizes?
Smaller transaction sizes pose several challenges to traditional brokerage firms. The primary issue that have prevented firms from offering smaller trading is mainly the high labour costs. Executing smaller size transactions for a dealing desk takes the same amount of effort as executing larger transactions. To offer smaller trading sizes, most firms would have to hire more dealers, which would make the cost prohibitive. BetOnMarkets.com has an automated system. All bets are executed without human intervention (just like a demo account).
[Go to top]
Bet sensibly.
Bet sensibly and familiarize yourself with the risks of fixed odds financial betting. The maximum loss is always limited to the premium (i.e. stake) but losses are still possible. Always remember to play only with money THAT YOU CAN AFFORD TO LOSE.
[Go to top]
How can I learn how to play?
We suggest that our clients create a virtual money account to test our dealing system risk-free before creating a real money account and committing themselves to betting with real money. The BetOnMarkets.com system allows you to price bets, track your performance (statement), and show your profit and losses (portfolio section) as if you were using real money. To open a virtual money account just click on the link "Open a Virtual Account" situated on the top right hand side of the main page. Your Virtual Money Account enables you to access every element of the BetOnMarkets.com platform. It's as real as it gets, except that you are using virtual money and thus cannot make or lose any actual real money.
Please note that virtual money accounts are credited with 10,000 GBP by default. If you try to buy a bet and the system returns an error message that you don't have enough funds in your account to cover the bet, then it is probable that you have tried buying a bet in GBP or EUR when you have USD in your account. If you wish to bet in GBP or EUR, then you can use the "Convert between your currency segment accounts" function to convert your USD balance to GBP or EUR as required.
[Go to top]
Can I convert my "Virtual Money" account to a "Real Money" account?
No, you have to create a new "Real Money" account to bet with real money.
[Go to top]
How do I register an account with BetOnMarkets.com?
It should take you less then 5 minutes to open a BetOnMarkets.com account. You would need to insert your name & surname, address, telephone number, date of birth, country of residence, e-mail address & any promotional code you might have obtained. We would also need you to indicate where you've heard about us (by inserting the login ID of the person who referred you to the website or selecting one of the available means from the drop down menu) and also to choose a secret question and answer that will be used in cases where you've forgotten your login details. Choosing your own password for the account is also possible via the account opening form.
[Go to top]
How can I place a bet?
To place a bet you first need to make a deposit. To deposit funds into your account you first need to verify your mobile or landline number. For more information on how to authenticate your telephone number, please refer to the FAQ "What is the Mobile Phone 5-Digit Security Code? " situated in the "Depositing and Withdrawing funds" section.
Upon verifying your number, you need to access the "Cashier" section situated at the top of the page, click on "Deposit", choose the payment method that you would like to use and follow the onscreen instructions to lodge funds into the account.
Proceed to placing a bet by choosing the bet type that you would like to purchase from the left hand side menu of the website. Select the underlying market on which you would like to place your bet and then choose the conditions for the bet before clicking on "Calculate cost of this bet." Click on "Buy this Bet" to purchase it.
Comprehensive charts are available in the "Charting" section to assist you in placing your bets.
[Go to top]
Can I have two or more BetOnMarkets.com accounts?
Each user is limited to only one Real Money account. This helps us minimise the risk of fraud. You can, however, have a Real Money account and a Virtual Money account simultaneously. If necessary, you can also create more than one Virtual Money account. Multiple real money accounts will be disabled immediately unless prior permission has been acknowledged from our Customer Support team.
[Go to top]
What currencies can I bet with and what is the minimum/maximum stake?
You can manage your account in Pounds Sterling. All deposits, transactions and withdrawals are conducted. The minimum stake is 1 unit with no maximum stake. The minimum payout is however 10 units while the maximum payout can be up to 10,000 units (i.e. I wish to win GBP10,000). A payout represents your total potential returns on a bet (i.e. purchase price of a bet plus potential winnings) and your stake (i.e. the purchase price of a bet) is always included in your payout. In other words, you always have to deduct the purchase price of a bet from the total payout when calculating your net winnings.
[Go to top]
What markets can be traded on the BetOnMarkets.com betting platform?
We offer financial betting on selected forex currency pairs, UK and US stocks and a number of main global indices. The range of bets available is generally wider for the "Intraday" bets (Intraday Up or Intraday Down) and the "Double" (Double Up or Double Down) bets.
[Go to top]
By which time zone are bet opening/closing times determined?
BetOnMarkets.com uses GMT (also called Coordinated Universal Time) as the official time zone. This is the time used in the United Kingdom during winter. In summer, UK time is one hour ahead of GMT time. For more information please Click Here
[Go to top]
What are the trading hours for each product?
Forex markets are open practically 24 hours a day, excluding weekends. As long as there has been a recent tick in the underlying currency, you may buy and sell forex bets on BetOnMarkets.com at any time. You can speculate on stocks and indices only during market opening hours.
[Go to top]
Are your market quotes in real time?
Forex and stock market quotes are in real-time and Index quotes visible on the site are delayed by 15 minutes. Bets are priced in real-time.
[Go to top]
How do I claim my winnings if I win my bet?
To view the status of your bets you must log into your account, select "Portfolio" (under the "User Options"), choose the appropriate "Currency" from the top right hand side drop-down menu, and click on the "Go" button adjacent to it. In this section you will be able to view all your outstanding positions. If you have won a bet, the "Sale Price" column will display your full payout. To claim your winnings, click on the green icon "Go" situated next to the description of the bet. Note: If you have won a bet, you may need to wait until the following day (GMT time) for 100% of the payout amount to appear in the "Sale Price" column.
[Go to top]
How are my winnings computed?
The payout of a bet includes the cost of the bet; therefore, your net winnings are calculated as follows: Winnings = (Total Payout of a specific bet) - (Cost of bet).
[Go to top]
Where are my winnings paid to?
Upon clicking on the green icon "Go" in the "Portfolio" section, any winnings will be credited directly to your BetOnMarkets.com account. You may use these funds to pay for future bets. If you wish to withdraw funds from your account, you need to access the "Cashier" section situated on the horizontal menu at the top of the page. Click on "Withdraw" and follow the on-screen instructions.
[Go to top]
Where can I see a summary of my transactions?
All your account history is stored in your account statement, which can be accessed by logging into your account and selecting "Statement" from the left hand side menu of the website. From your statement you can easily review all financial transactions made and keep track of all bets placed. Every record has an individual reference number, to be used in the event of any queries. To view your currency segment (GBP) or change the number of days to display you can use the drop-down menus at the top of the page. For example, to view your GBP transaction history for the last 60 days, select "GBP" as the currency to display from the top middle "Currency" drop-down menu, choose "60" from the "Number of days to display" drop-down menu and click on "Go" on the right hand side.
[Go to top]
What does the "portfolio" consist of?
Your portfolio shows all your outstanding positions. Your unexpired bets will be displayed in this section. To access your "portfolio," log into your account and click on "portfolio" situated on the left hand side menu of the website. One should always check the portfolio section after buying a bet because this is the surest way of certifying that a bet has been accepted by our system.
Upon purchasing a bet, its resale price will be displayed in the "Sale" column. The resale price will fluctuate continuously depending on the movement of the underlying markets. The difference that one can view between the purchase price and the resale price, immediately after purchasing a bet, represents the company's resale commission. You may either sell your bet before its expiry at the resale price indicated or you may keep the bet until its expiry date when it will be settled without any resale commission.
In the "portfolio" section, you may therefore see the price at which a bet was originally bought and its current price (i.e. resale price). When a bet expires, the "Sale Price" column will display a zero value when you lose the bet. If you win the bet, it will show the full payout amount you're owed. Your winnings are not automatically credited to your account and therefore need to be claimed manually from your "portfolio". To claim your payout, click on the green "go" icon displayed to the right of the relevant bet.
Your "portfolio" features also the following: your current account cash balance, value of your outstanding positions and the total value of your account.
The value of your outstanding positions is the total sum of the resale price of all individual bets at any point in time.
The total value of your account is made up of your cash balance plus the value of your outstanding positions.
Example: Let us say that you have purchased two bets; one for GBP22.6 to win GBP100 and another for GBP61.4 to win GBP100 - if you were to check your portfolio section at this time, you will be able to see that the current resale prices of these two bets are GBP27.5 and GBP54 respectively; thus the value of your outstanding positions in this case is GBP81.5 (GBP27.5 + GBP54) Please note that:
1. Intraday bets (bets with a lifetime of one trading day or less) cannot be sold back to the system due to their very short lifetime.
2. Selling a bet before expiry is an option provided by the company for extra value but should not be considered as a right. The ability to sell bets may be suspended from time to time due to market conditions or for technical reasons. Our strict obligation is to settle your bets on expiry as either a win or lose.
3. You can close positions before expiry only when the underlying market is open.
4. Bets may only be resold back to the system once 10 minutes have elapsed since the time of purchase
5. Net winnings = (Total Payout of a specific bet) - (Cost of the bet).
[Go to top]
What are the account limits?
BetOnMarkets.com has chosen to impose limits on operation and trading on its products. The limits applicable when creating your account are:
Maximum number of open positions: 15
Maximum number of open orders: 10
Maximum account cash balance: 25,000
Maximum daily turnover: 20,000
Maximum aggregate payouts on open positions: 25,000
You can increase your betting limits and credit card deposit limits by authenticating your account.
Notes:
1. Maximum number of open positions: represents the maximum number of outstanding bets in your portfolio. Each line in your portfolio counts for one open position. Once the maximum is reached, you will not be able to open new positions without closing an existing position first.
2. Maximum no. of open orders: represents the maximum number of open orders in your account. Open orders are outstanding limit orders that have not yet been executed or cancelled.
3. Maximum account cash balance: represents the maximum amount of cash that you may hold in your account. If the maximum is reached, you will be asked to withdraw funds.
4. Maximum daily turnover: represents the maximum volume of bets that you may purchase in any given trading day. This means that you can buy bets up to a purchase value of 20,000 in your selected currency per day.
5. Maximum aggregate payouts on open positions: Presents the maximum aggregate payouts on outstanding bets in your portfolio. If the maximum is attained, you may not purchase additional bets without first closing out existing positions.
[Go to top]
What are the trading limits?
The following is a list of the main limitations/restrictions which apply and the company reserves the right to add to these, modify them, or remove them as required:
Stock and stock index contracts may not be purchased outside of market opening hours.
You cannot buy bets when the market is in its first 15 minutes of trading.
You cannot sell bets back to us less than 10 minutes after they have been purchased.
You cannot buy Double Up's/Double Down's/Intraday Double Up's/Intraday Double Down's when a stock index is in the last 90 minutes of the trading session.
[Go to top]
Do I own the shares if I buy a bet?
No, you are betting on the movement of a share but are not buying the share itself. In the same way you do not buy a racehorse by buying a bet on it.
[Go to top]
Can I leave funds in a BetOnMarkets.com account?
Yes, subject to the terms and conditions, funds can be left in a BetOnMarkets.com account to be bet with or withdrawn at a later date. No interest is paid. No minimum amount is required to maintain your account status.
[Go to top]
What if I want to change my personal information?
If you need to correct or modify information that you have entered, you can do this by accessing the "Settings" facility on the site. For security reasons, some details like your date of birth, country of origin and the name that you used to register cannot be altered. If you discover a discrepancy, you should contact Customer Services immediately to have the error rectified.
[Go to top]
What if I forget my password?
If you forget your password you can click here and then supply the details that match the information held on your account. If you have any difficulty please contact our customer support team. Once we have established your identity, and you have correctly answered your secret question, we will issue a new password for you to be able to access your account. If you send us an e-mail, please state your date of birth, your ID/passport/drivers license number, and the answer to your secret question.
[Go to top]
How do I change my password?
If you wish to change your password, you can do so at any time by logging into your account and selecting "password" under the "user options" menu on the left hand side. Enter your current password, enter your new password, re-type to confirm, and then submit the change.
[Go to top]
Is the password field case-sensitive?
Yes, it is case sensitive. You will have to type in your password using the exact same format that you used on the registration form. For instance: if you typed your password as WINNer in the registration form, you will need to type it in the same format the next time you log into your account. It will not be accepted if you use a different format e.g. "winner".
[Go to top]
Is financial betting on the Internet legal?
It is neither practical nor possible for BetOnMarkets.com to determine the law in every country or state on an ongoing basis. It is the client's responsibility to know the laws concerning online financial betting in their own country, as well as the laws where the client is located at the time of the transaction (if different). If you are uncertain of the law, you should contact your local legal representative.
[Go to top]
How old do I have to be to use BetOnMarkets.com?
No one under the age of 18 years will be allowed to play for real money.
[Go to top]
Do I have to pay tax on winnings?
You are responsible for paying any taxes in your country (if applicable), and should check with your local tax authorities. All customer information is kept highly confidential and is not disclosed to any third parties or public agencies except as required by law.
[Go to top]
[print this page]
CR27927 Log out
Bet Types
* double bets
o Flash Up
o Flash Down
o Intraday Up
o Intraday Down
o Super Double
o Double Up
o Double Down
* expiry bets
o Bull/Bear
o Expiry Range
o Expiry Miss
* boundary bets
o One Touch
o No Touch
o Barrier Range
o Double Touch
o Up or Down
o Double Contra
* spread bets
o Up Spread
o Down Spread
* stop bets
o Bull Stop
o Bear Stop
Markets
* Forex
o EUR/JPY
o GBP/AUD
o GBP/JPY
o GBP/USD
o USD/CAD
o USD/JPY
o more...
* Indices
o FTSE Index
o French CAC40
o GDAX Frankfurt
o Nasdaq Index
o S&P500 Index
o Spanish IBEX35
o more...
* US Stocks
o Adobe Systems
o Apple Comp Inc
o Intel
o Microsoft
o Oracle
o Sun Microsystems
o more...
* UK Stocks
o B SKY B Group
o BP
o BT Group
o Barclays
o Lloyds Tsb Group
o Tesco
o more...
* Random Walk
o Random Walk Index 50pct vol
o Random Walk Index 100pct vol
o Random Walk Index 25pct vol
o Random Walk Index 75pct vol
Tick Trades
* Run Bets
Live Help
* Privacy & Security
* Copyright
* Legal
* Patent #7,206,762
Cashier
Advertisement
F.A.Q.>
What is a fixed odds bet?
What are the advantages of fixed odds betting?
How are prices calculated?
How does BetOnMarkets.com make money?
How can BetOnMarkets.com offer smaller transaction sizes?
Bet sensibly.
How can I learn how to play?
Can I convert my "Virtual Money" account to a "Real Money" account?
How do I register an account with BetOnMarkets.com?
How can I place a bet?
Can I have two or more BetOnMarkets.com accounts?
What currencies can I bet with and what is the minimum/maximum stake?
What markets can be traded on the BetOnMarkets.com betting platform?
By which time zone are bet opening/closing times determined?
What are the trading hours for each product?
Are your market quotes in real time?
How do I claim my winnings if I win my bet?
How are my winnings computed?
Where are my winnings paid to?
Where can I see a summary of my transactions?
What does the "portfolio" consist of?
What are the account limits?
What are the trading limits?
Do I own the shares if I buy a bet?
Can I leave funds in a BetOnMarkets.com account?
What if I want to change my personal information?
What if I forget my password?
How do I change my password?
Is the password field case-sensitive?
Is financial betting on the Internet legal?
How old do I have to be to use BetOnMarkets.com?
Do I have to pay tax on winnings?
What is a fixed odds bet?
BetOnMarkets.com offers fixed odds financial bets; i.e. financial bets that pay a fixed amount (or nothing) on expiry. In other words, when you buy a fixed-odds bet from BetOnMarkets.com, you are entitled to receive a payout, which is a fixed multiple of the amount you have staked. With the BetOnMarkets.com dealing system a client expresses a view and makes a prediction. If the prediction comes true, the client will profit by a predetermined amount. Before any bet is placed, the client knows the entire possible downside as well as the exact possible profit.
However, with most bets, you are also able to sell your bet before the final settlement date to mitigate your losses or take your profits out early. This means that your risk level is clearly defined at all times.
[Go to top]
What are the advantages of fixed odds betting?
1. Fixed odds betting constitutes a limited risk facility for gaining upside, sideways or downside exposure on a number of globally traded stock, indices and currency pairs.
2. Your risk is limited to your stake at all times yet high leverage is still possible; you risk a fixed amount of money (the purchase price of the bet), which constitutes your maximum liability.
3. Instant, Easy, Simple and Flexible. Our dealing platform offers near-instant executions with unprecedented simplicity and ease of use. You choose the closing time and date for all bet which can be as little as 10 minutes (as for the Intraday Doubles) from the current time and as long as 6 months. You choose your potential winnings per bet and you never have to risk more than you want to (unless purchasing "Stop Bets" or "Spreads"). You don't need to monitor the bets or regularly follow the markets; you can let your bets expire on the settlement date without having to determine when to cut a losing position or to take profits.
4. Versatility. You can adapt or adjust your positions according to any situation that arises. This means you can do everything from protecting a position from a decline to outright betting on the movement of the stock markets.
5. You can bet on the markets for as little as 5 and as much as 50,000 GBP.
[Go to top]
How are prices calculated?
BetOnMarkets.com uses a variety of methods to compute bet prices. Some bets are priced using complex mathematical algorithms, based on option pricing technology whilst others are priced using simpler methods. Our advanced pricing models take into account market implied volatility, the current market quote of the underlying market, expiry date, present market conditions and other contributing factors. Furthermore, prices are weighted according to demand; bets currently in high demand will be priced at a premium to bets in low demand.
[Go to top]
How does BetOnMarkets.com make money?
A small sales commission is built into the price of all bets. This commission is not constant and depends on the market conditions. To find out the exact commission amount charged on a bet, log into your account and select "Advanced Mode" (situated under the Home menu). Then price a bet as per normal, and click on the link "Further Info." to see the exact amount of commission charged on that specific bet. When you buy a bet, the amount deducted from your account is simply the price of the bet; there are no additional fees.
[Go to top]
How can BetOnMarkets.com offer smaller transaction sizes?
Smaller transaction sizes pose several challenges to traditional brokerage firms. The primary issue that have prevented firms from offering smaller trading is mainly the high labour costs. Executing smaller size transactions for a dealing desk takes the same amount of effort as executing larger transactions. To offer smaller trading sizes, most firms would have to hire more dealers, which would make the cost prohibitive. BetOnMarkets.com has an automated system. All bets are executed without human intervention (just like a demo account).
[Go to top]
Bet sensibly.
Bet sensibly and familiarize yourself with the risks of fixed odds financial betting. The maximum loss is always limited to the premium (i.e. stake) but losses are still possible. Always remember to play only with money THAT YOU CAN AFFORD TO LOSE.
[Go to top]
How can I learn how to play?
We suggest that our clients create a virtual money account to test our dealing system risk-free before creating a real money account and committing themselves to betting with real money. The BetOnMarkets.com system allows you to price bets, track your performance (statement), and show your profit and losses (portfolio section) as if you were using real money. To open a virtual money account just click on the link "Open a Virtual Account" situated on the top right hand side of the main page. Your Virtual Money Account enables you to access every element of the BetOnMarkets.com platform. It's as real as it gets, except that you are using virtual money and thus cannot make or lose any actual real money.
Please note that virtual money accounts are credited with 10,000 GBP by default. If you try to buy a bet and the system returns an error message that you don't have enough funds in your account to cover the bet, then it is probable that you have tried buying a bet in GBP or EUR when you have USD in your account. If you wish to bet in GBP or EUR, then you can use the "Convert between your currency segment accounts" function to convert your USD balance to GBP or EUR as required.
[Go to top]
Can I convert my "Virtual Money" account to a "Real Money" account?
No, you have to create a new "Real Money" account to bet with real money.
[Go to top]
How do I register an account with BetOnMarkets.com?
It should take you less then 5 minutes to open a BetOnMarkets.com account. You would need to insert your name & surname, address, telephone number, date of birth, country of residence, e-mail address & any promotional code you might have obtained. We would also need you to indicate where you've heard about us (by inserting the login ID of the person who referred you to the website or selecting one of the available means from the drop down menu) and also to choose a secret question and answer that will be used in cases where you've forgotten your login details. Choosing your own password for the account is also possible via the account opening form.
[Go to top]
How can I place a bet?
To place a bet you first need to make a deposit. To deposit funds into your account you first need to verify your mobile or landline number. For more information on how to authenticate your telephone number, please refer to the FAQ "What is the Mobile Phone 5-Digit Security Code? " situated in the "Depositing and Withdrawing funds" section.
Upon verifying your number, you need to access the "Cashier" section situated at the top of the page, click on "Deposit", choose the payment method that you would like to use and follow the onscreen instructions to lodge funds into the account.
Proceed to placing a bet by choosing the bet type that you would like to purchase from the left hand side menu of the website. Select the underlying market on which you would like to place your bet and then choose the conditions for the bet before clicking on "Calculate cost of this bet." Click on "Buy this Bet" to purchase it.
Comprehensive charts are available in the "Charting" section to assist you in placing your bets.
[Go to top]
Can I have two or more BetOnMarkets.com accounts?
Each user is limited to only one Real Money account. This helps us minimise the risk of fraud. You can, however, have a Real Money account and a Virtual Money account simultaneously. If necessary, you can also create more than one Virtual Money account. Multiple real money accounts will be disabled immediately unless prior permission has been acknowledged from our Customer Support team.
[Go to top]
What currencies can I bet with and what is the minimum/maximum stake?
You can manage your account in Pounds Sterling. All deposits, transactions and withdrawals are conducted. The minimum stake is 1 unit with no maximum stake. The minimum payout is however 10 units while the maximum payout can be up to 10,000 units (i.e. I wish to win GBP10,000). A payout represents your total potential returns on a bet (i.e. purchase price of a bet plus potential winnings) and your stake (i.e. the purchase price of a bet) is always included in your payout. In other words, you always have to deduct the purchase price of a bet from the total payout when calculating your net winnings.
[Go to top]
What markets can be traded on the BetOnMarkets.com betting platform?
We offer financial betting on selected forex currency pairs, UK and US stocks and a number of main global indices. The range of bets available is generally wider for the "Intraday" bets (Intraday Up or Intraday Down) and the "Double" (Double Up or Double Down) bets.
[Go to top]
By which time zone are bet opening/closing times determined?
BetOnMarkets.com uses GMT (also called Coordinated Universal Time) as the official time zone. This is the time used in the United Kingdom during winter. In summer, UK time is one hour ahead of GMT time. For more information please Click Here
[Go to top]
What are the trading hours for each product?
Forex markets are open practically 24 hours a day, excluding weekends. As long as there has been a recent tick in the underlying currency, you may buy and sell forex bets on BetOnMarkets.com at any time. You can speculate on stocks and indices only during market opening hours.
[Go to top]
Are your market quotes in real time?
Forex and stock market quotes are in real-time and Index quotes visible on the site are delayed by 15 minutes. Bets are priced in real-time.
[Go to top]
How do I claim my winnings if I win my bet?
To view the status of your bets you must log into your account, select "Portfolio" (under the "User Options"), choose the appropriate "Currency" from the top right hand side drop-down menu, and click on the "Go" button adjacent to it. In this section you will be able to view all your outstanding positions. If you have won a bet, the "Sale Price" column will display your full payout. To claim your winnings, click on the green icon "Go" situated next to the description of the bet. Note: If you have won a bet, you may need to wait until the following day (GMT time) for 100% of the payout amount to appear in the "Sale Price" column.
[Go to top]
How are my winnings computed?
The payout of a bet includes the cost of the bet; therefore, your net winnings are calculated as follows: Winnings = (Total Payout of a specific bet) - (Cost of bet).
[Go to top]
Where are my winnings paid to?
Upon clicking on the green icon "Go" in the "Portfolio" section, any winnings will be credited directly to your BetOnMarkets.com account. You may use these funds to pay for future bets. If you wish to withdraw funds from your account, you need to access the "Cashier" section situated on the horizontal menu at the top of the page. Click on "Withdraw" and follow the on-screen instructions.
[Go to top]
Where can I see a summary of my transactions?
All your account history is stored in your account statement, which can be accessed by logging into your account and selecting "Statement" from the left hand side menu of the website. From your statement you can easily review all financial transactions made and keep track of all bets placed. Every record has an individual reference number, to be used in the event of any queries. To view your currency segment (GBP) or change the number of days to display you can use the drop-down menus at the top of the page. For example, to view your GBP transaction history for the last 60 days, select "GBP" as the currency to display from the top middle "Currency" drop-down menu, choose "60" from the "Number of days to display" drop-down menu and click on "Go" on the right hand side.
[Go to top]
What does the "portfolio" consist of?
Your portfolio shows all your outstanding positions. Your unexpired bets will be displayed in this section. To access your "portfolio," log into your account and click on "portfolio" situated on the left hand side menu of the website. One should always check the portfolio section after buying a bet because this is the surest way of certifying that a bet has been accepted by our system.
Upon purchasing a bet, its resale price will be displayed in the "Sale" column. The resale price will fluctuate continuously depending on the movement of the underlying markets. The difference that one can view between the purchase price and the resale price, immediately after purchasing a bet, represents the company's resale commission. You may either sell your bet before its expiry at the resale price indicated or you may keep the bet until its expiry date when it will be settled without any resale commission.
In the "portfolio" section, you may therefore see the price at which a bet was originally bought and its current price (i.e. resale price). When a bet expires, the "Sale Price" column will display a zero value when you lose the bet. If you win the bet, it will show the full payout amount you're owed. Your winnings are not automatically credited to your account and therefore need to be claimed manually from your "portfolio". To claim your payout, click on the green "go" icon displayed to the right of the relevant bet.
Your "portfolio" features also the following: your current account cash balance, value of your outstanding positions and the total value of your account.
The value of your outstanding positions is the total sum of the resale price of all individual bets at any point in time.
The total value of your account is made up of your cash balance plus the value of your outstanding positions.
Example: Let us say that you have purchased two bets; one for GBP22.6 to win GBP100 and another for GBP61.4 to win GBP100 - if you were to check your portfolio section at this time, you will be able to see that the current resale prices of these two bets are GBP27.5 and GBP54 respectively; thus the value of your outstanding positions in this case is GBP81.5 (GBP27.5 + GBP54) Please note that:
1. Intraday bets (bets with a lifetime of one trading day or less) cannot be sold back to the system due to their very short lifetime.
2. Selling a bet before expiry is an option provided by the company for extra value but should not be considered as a right. The ability to sell bets may be suspended from time to time due to market conditions or for technical reasons. Our strict obligation is to settle your bets on expiry as either a win or lose.
3. You can close positions before expiry only when the underlying market is open.
4. Bets may only be resold back to the system once 10 minutes have elapsed since the time of purchase
5. Net winnings = (Total Payout of a specific bet) - (Cost of the bet).
[Go to top]
What are the account limits?
BetOnMarkets.com has chosen to impose limits on operation and trading on its products. The limits applicable when creating your account are:
Maximum number of open positions: 15
Maximum number of open orders: 10
Maximum account cash balance: 25,000
Maximum daily turnover: 20,000
Maximum aggregate payouts on open positions: 25,000
You can increase your betting limits and credit card deposit limits by authenticating your account.
Notes:
1. Maximum number of open positions: represents the maximum number of outstanding bets in your portfolio. Each line in your portfolio counts for one open position. Once the maximum is reached, you will not be able to open new positions without closing an existing position first.
2. Maximum no. of open orders: represents the maximum number of open orders in your account. Open orders are outstanding limit orders that have not yet been executed or cancelled.
3. Maximum account cash balance: represents the maximum amount of cash that you may hold in your account. If the maximum is reached, you will be asked to withdraw funds.
4. Maximum daily turnover: represents the maximum volume of bets that you may purchase in any given trading day. This means that you can buy bets up to a purchase value of 20,000 in your selected currency per day.
5. Maximum aggregate payouts on open positions: Presents the maximum aggregate payouts on outstanding bets in your portfolio. If the maximum is attained, you may not purchase additional bets without first closing out existing positions.
[Go to top]
What are the trading limits?
The following is a list of the main limitations/restrictions which apply and the company reserves the right to add to these, modify them, or remove them as required:
Stock and stock index contracts may not be purchased outside of market opening hours.
You cannot buy bets when the market is in its first 15 minutes of trading.
You cannot sell bets back to us less than 10 minutes after they have been purchased.
You cannot buy Double Up's/Double Down's/Intraday Double Up's/Intraday Double Down's when a stock index is in the last 90 minutes of the trading session.
[Go to top]
Do I own the shares if I buy a bet?
No, you are betting on the movement of a share but are not buying the share itself. In the same way you do not buy a racehorse by buying a bet on it.
[Go to top]
Can I leave funds in a BetOnMarkets.com account?
Yes, subject to the terms and conditions, funds can be left in a BetOnMarkets.com account to be bet with or withdrawn at a later date. No interest is paid. No minimum amount is required to maintain your account status.
[Go to top]
What if I want to change my personal information?
If you need to correct or modify information that you have entered, you can do this by accessing the "Settings" facility on the site. For security reasons, some details like your date of birth, country of origin and the name that you used to register cannot be altered. If you discover a discrepancy, you should contact Customer Services immediately to have the error rectified.
[Go to top]
What if I forget my password?
If you forget your password you can click here and then supply the details that match the information held on your account. If you have any difficulty please contact our customer support team. Once we have established your identity, and you have correctly answered your secret question, we will issue a new password for you to be able to access your account. If you send us an e-mail, please state your date of birth, your ID/passport/drivers license number, and the answer to your secret question.
[Go to top]
How do I change my password?
If you wish to change your password, you can do so at any time by logging into your account and selecting "password" under the "user options" menu on the left hand side. Enter your current password, enter your new password, re-type to confirm, and then submit the change.
[Go to top]
Is the password field case-sensitive?
Yes, it is case sensitive. You will have to type in your password using the exact same format that you used on the registration form. For instance: if you typed your password as WINNer in the registration form, you will need to type it in the same format the next time you log into your account. It will not be accepted if you use a different format e.g. "winner".
[Go to top]
Is financial betting on the Internet legal?
It is neither practical nor possible for BetOnMarkets.com to determine the law in every country or state on an ongoing basis. It is the client's responsibility to know the laws concerning online financial betting in their own country, as well as the laws where the client is located at the time of the transaction (if different). If you are uncertain of the law, you should contact your local legal representative.
[Go to top]
How old do I have to be to use BetOnMarkets.com?
No one under the age of 18 years will be allowed to play for real money.
[Go to top]
Do I have to pay tax on winnings?
You are responsible for paying any taxes in your country (if applicable), and should check with your local tax authorities. All customer information is kept highly confidential and is not disclosed to any third parties or public agencies except as required by law.
[Go to top]
[print this page]
CR27927 Log out
Bet Types
* double bets
o Flash Up
o Flash Down
o Intraday Up
o Intraday Down
o Super Double
o Double Up
o Double Down
* expiry bets
o Bull/Bear
o Expiry Range
o Expiry Miss
* boundary bets
o One Touch
o No Touch
o Barrier Range
o Double Touch
o Up or Down
o Double Contra
* spread bets
o Up Spread
o Down Spread
* stop bets
o Bull Stop
o Bear Stop
Markets
* Forex
o EUR/JPY
o GBP/AUD
o GBP/JPY
o GBP/USD
o USD/CAD
o USD/JPY
o more...
* Indices
o FTSE Index
o French CAC40
o GDAX Frankfurt
o Nasdaq Index
o S&P500 Index
o Spanish IBEX35
o more...
* US Stocks
o Adobe Systems
o Apple Comp Inc
o Intel
o Microsoft
o Oracle
o Sun Microsystems
o more...
* UK Stocks
o B SKY B Group
o BP
o BT Group
o Barclays
o Lloyds Tsb Group
o Tesco
o more...
* Random Walk
o Random Walk Index 50pct vol
o Random Walk Index 100pct vol
o Random Walk Index 25pct vol
o Random Walk Index 75pct vol
Tick Trades
* Run Bets
Live Help
* Privacy & Security
* Copyright
* Legal
* Patent #7,206,762
Cashier
Advertisement
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment