Online gambling is gaining popularity for a set of different reasons. For one, it is a lot more convenient. Secondly, it offers more options compared to conventional gambling. If you’re interested in online gambling, you can find more hints and information on the best online casino websites and what they have to.
If you’re looking for a more serious form of online gambling, look no further than BetOnFinance. With a revolutionary approach that combines betting and stock trading, this website offers a completely novel way of gambling on the stock markets.
Traits of BetOnFinance
BetOnFinance is a Danish stock and index betting website and it is becoming increasingly popular. It offers a form of stock market betting which resembles sports betting. So, sports betting fans who want to get into a more serious form of betting will surely like it. And so will stock market traders who are looking for something more casual. The website has more than few advantages:
- It is very easy and user-friendly, perfect for beginners;
- It possible to start betting with a very small amount of money – €1;
- It offers a 200% Welcome Bonus;
- Two exciting betting games are offered;
- You can bet multiple times per day and any time live betting is also an opption;
- It is available on mobile phones and tablets.
BetOnFinance allows you to bet on stocks that are listed on the Danish, Swedish and the US Stock Exchange. There are two main types of games – Stock Race and Index Betting, each with several variations.
Stock Race Game
The stock race game is a pool game, which means that you’ll be competing against other players who are also participating. The odds may change until betting is closed. BetOnFinance offers 10 games per market day. There are few stock race variations:
- Top 3 – where you bet on whether a company’s stock will be in the top three stocks for that period;
- Bottom 3 – in this game you bet that a stock will be in the bottom 3 stocks;
- Live betting – betting during the time when the stock market is open, the odds change accordingly;
- Initial settlement price (IPO) – a bet on the starting price of a new that is about to be traded on the stock market for the first time;
- First day game – same as IPO, only here you bet on the price change during the first day when a stock is traded.
So, the first two options are basically like a horserace or a greyhound race, but instead of horses or hounds you are betting on stock prices. Once you select a stock, you can then watch how it progresses throughout the day. When the market closes, players who have correctly predicted how a stock price will move share the pool.
In order to calculate the potential prize, you need to multiply the odds by the wagered amount, just like you do with regular sports betting if you’re using decimal (European) odds. With live betting the principle is the same, but the odds change in order to reflect the current stock price movements and tendencies. These last two stock race games resemble the index betting game.
Index Betting Game
As for the index betting game, the players are supposed to guess the percentage by which the value of a certain index is going to change during the day. It is also possible to bet on the half-day index price change. In that case, the value of the index at the middle of the stock market’s working hours is considered. The half-day index game is appealing because the waiting period is twice as short.
In addition, you can bet live, during the day and the odds represent the movement of the index value so far in that day and the general expected tendency. Your goal is not to correct the exact price, but the margin by which the value will go up or down. You need to predict in which 0.25% will the increase or decrease be in both the day and the half-day index game.
BetOnFinance offers three types of bonuses to new players. Players can choose what bonus they want to receive:
- 200% Launch bonus;
- 100% Welcome bonus;
- 50% Monthly reload bonus.
With the first option, each player receives a 200% bonus on their first deposit, in the value of up to €100. So, a player who deposits €50 will receive additional €100, or a total of €150. The minimum qualifying deposit is €20. The full amount of the bonus plus the deposit has to be wagered seven times before any winnings can be withdrawn. The bonus is valid for 60 days.
The 100% Welcome bonus is very similar. Here the player receives a bonus amount that matches their first deposit, up to €200. The minimum deposit is, again, €20. The bonus amount plus the deposit have to be wagered five times and this bonus is also valid for 60 days.
With the Monthly reload bonus players can receive a 50% reload of up to €150 every month. In order to qualify for this bonus players have to deposit at least €20. The bonus and the deposit have to be wagered four times before any winnings can be withdrawn.