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Punters with financial bookmakers BetsForTraders are getting more bearish on the US dollar and based on an internal econometric model, the company is forecasting that the Non-Farm Payroll Index for August this year will come in at another low of 92,000, similar to its July figure.

The Non-Farm Payroll Index will be released at 8.30am EDT tomorrow.

Ryan Kneale, market analyst for BetsForTraders, said: “Our internal estimates on the Non-Farm Payroll statistics each month are based on client activity, as a lot of forex traders speculate on the dollar crosses with bets expiring just after the figure is released.

“Our internal prediction of the figure coming in at 92,000 is a reduction relative to both our own previous, model driven forecasts and the market's consensus. We think that credit woes in the US have had a marked effect on employment rates over the past 30 days, as companies take a 'wait and see' approach to consumer demand in the debt driven economy.

"We see a lot of interest in the big economic statistics from our clients. Many of them are predominantly news traders who get their positions on in the 48 hours leading up to a big release.

“There is no point doing it too close to the release time because the best prices are to be had earlier on, as the trading book turns into chaos very quickly in the lead up to the announcement.”

This prediction is a gloomy forecast for the world’s markets that are waiting anxiously for the announcement, which is likely to cause more market turmoil, despite the recent boost from the Fed and yesterday’s promise of £4.4billion injection by the Bank of England.

ENDS

Media Contacts:
Justyna Gnyp, hblmedia, 0207 612 1830, justyna@hblmedia.com


Notes to Editor

Launched in 2007, BetsForTraders.com is a fixed-odds financial betting website which offers a range of 10 different types of fixed-risk bets on financial markets, single stocks, stock indices and the foreign exchange markets. Bets are fully customisable and operate through a real-time dealing interface.

As well as providing the largest range of bet types in the marketplace, the company offers a range of unique bet options not available through other betting sites. The website allows clients to “build their own bets” by adjusting the parameters using a sliding bar feature to optimise the price-payout ratio and specify the length of each bet, giving clients more control and price transparency.

BetsForTraders.com is owned and managed by Trinitas Capital (IOM) Ltd, based in the Isle of Man in the British Isles. The company is fully licensed to offer financial bets by the Isle of Man government. The Isle of Man is an important global banking centre and one of the best-regulated low tax jurisdictions. It holds a Standard & Poors AAA rating and has a high standard of accountability and numerous player protection laws. Due to its strict regulatory regime, it is one of only a few jurisdictions on the UK Government’s White List, which grants exemption from betting advertising restrictions. Trinitas Capital (IOM) Ltd. is subject to regular audits, software inspections and ongoing regulatory scrutiny by the Gambling Control Commission.

BetsForTraders Bet Guide

Binary bet:

Simply choose your market and then bet on it going either up or down. Betting ‘up’ means that you win a multiple of your stake if the market price is above your set strike price (the level you can think the market will reach) at your chosen bet expiry time; if it’s below, you win nothing and only lose the stake. If you bet down, the opposite applies. Using the unique ‘slidey bars’ on the betting interface, traders always set their own strike price, expiry time and amount they want to win.

Example:

The Wall Street Index is currently trading at 10,500.
A trader bets that it will be above 10,900 in 3 market days and wants to win £1,000 if this occurs.
He pays a stake of £100.
After 3 days, the Wall Street Index is trading above 10,900, so the trader wins £1,000.
Alternatively, he can choose to bet on the market falling within the same period.

Binary Range bet:

Simply choose your market, set two strike prices and then bet on the market to be either within or outside the range you have created. You win a multiple of your stake if the market price is either within or outside your set range at your chosen bet expiry time. If, at the bet’s expiry, the market price is not within or outside your chosen range, you win nothing but only lose the stake.

Example:

The Wall Street Index is currently trading at 10,500.
A trader bets that it will be within the range 10,300 - 10,700 in 50 days’ time and wants to win £1,000.
He pays a stake of £100.
At the bet expiry time, the Index is trading at 10,400 so the trader wins £1,000.
Alternatively, the trader bets £50 that the Index will be outside the range
10,100 - 10,900 in 30 market days and wants to win £1,000 if either event occurs.
After 30 days, the Index is trading above 10,900, so the trader wins £1,000 (he would also have won if the price was below 10,100).

One Touch bet:

Simply choose your market and then bet on it going either up or down to win. You immediately win a multiple of your stake if, at any point before your chosen expiry time, the market price reaches or exceeds your chosen strike price JUST ONCE. If the market price never touches the strike price, you win nothing but only lose the stake.

Example:

The Wall Street Index is trading at 10,500. A trader bets that it will touch 10,700 some time in the next 3 market days and wants to win £1,000 when it does.

He pays a stake of £200.

On day 2 of the bet the Index trades at 10,700. The bet instantly closes and the trader wins £1,000.

One Touch Range bet:

Simply choose your market, set two strike prices and then bet on the market to be either within or outside the range you have created. You immediately win a multiple of your stake if, at any point before your chosen expiry time, the market price reaches or exceeds your set range JUST ONCE. If, at the bet’s expiry, the market price has never reached either of the two strike prices within your range, you win nothing but only lose the stake.

Example:

The Wall Street Index is currently trading at 10,500.

A trader bets that it will either touch 10,100 or 10,900 at any time in the next 10 market days and wants to win £1,000 if it does.

He pays a stake of £200.

After 6 days, the Wall Street Index touches 10,900.

The bet instantly closes and the trader wins £1,000. He would also have won if the Index had hit 10,100 within 10 days.

No Touch bet:

Simply choose your market and then bet on it going either up or down. You win a multiple of your stake if, at your chosen expiry time, the market price has never reached your set strike price. If the market price does reach or exceed the strike price, you win nothing but only lose the stake.

Example:

A trader bets that the Wall Street Index will not touch 10,000 in the next 3 market days and wants to win $1,000 if it does not.

He pays a stake of £200.

After 3 days, the Index has not touched 10,000, so the trader wins £1,000.

If, on day 2, the Index had hit 10,000, the bet would instantly close and the trader would lose the stake.

No Touch Range bet:

Simply choose your market, set two strike prices and then bet on the market to be either within or outside the range you have created. You win a multiple of your stake if, by your chosen time of expiry, the market price has never reached or exceeded either of the two strike prices in your range. If the market price does reach or exceed either strike price, you win nothing but only lose the stake.

Example:

The Wall Street Index is currently trading at 10,500.

A trader bets that it will not touch either 10,400 or 10,600 at any time in the next 3 market days and wants to win £1,000.

He pays a stake of £100.

After 3 market days, the Index has not touched 10,400 or 10,600, so the trader wins £1,000.

If, on day 2 of the bet, the Index had hit 10,400 or 10,600, the bet would instantly close and the trader would win nothing, but only lose the stake.

Trend multiplier:

Simply choose your market and then bet on it to go up or down. You win a multiple of your stake if the market is higher or lower at the end of each of a series of time intervals. If, at any point before your chosen expiry time, the market doesn’t reach or exceed the level of its previous interval, you would only lose your stake. You select the number and length of each time interval and the amount you want to win.

Example:

The Wall Street Index is currently trading at 10,500.

A trader bets that it will be higher at the end of each 10 minute interval for 6 intervals.

He wants to win £1,000 so pays a stake of £50.

After 50 minutes, the bet expires. The Index behaved as predicted, so the trader wins £1,000.

Alternatively, the trader could bet £50 that the Index will be lower at the end of each interval.

If the Index is lower at the end of each 10 minute interval, the trader wins £1,000.

Lookback bet:

Simply choose your market and set a strike price. You win the difference between your strike price and the ‘best’ price that the market reaches before your chosen expiry time, multiplied by your chosen value per point. The best price is either the market’s highest or lowest price, depending on whether you bet up or down. When the market exceeds your chosen strike price, the bet ‘locks’ in and then continues to lock in every point that the price reaches, so you get the optimal payout. If the best price is not higher or lower than the strike price, you win nothing but only lose your stake.

Example:

The Wall Street Index is currently trading at 10,900 and a trader prices a 1 month ‘up’ Lookback bet with a strike price of 10,900 at £1 per point.
At expiry, the highest price that the Index reaches over the month is 11,700 before falling back to 10,700.
The trader wins the difference between the highest market price seen and his chosen strike price, multiplied by £1 ie: 11,700 – 10,900 = 800 at £1 = £800
Alternatively, the trader could place a 1 month ‘down’ bet, setting the same strike price and value per point. In that month, the Index rises from 10,900 to 11,100 but at expiry, the lowest price during that time is 10,100.
The trader’s win would be calculated in the same way:
10,900 – 10,100 = 800 at £1 = £800

Timeswitch bet:

Simply choose your market and then bet on it to either go up or down. You win a fixed sum every time the market price rises above or falls below your chosen strike price at a series of time intervals. Every win is locked in at the end of each interval and paid out when the bet expires. You set the number and length of time intervals and the amount you want to win per interval.

Example:

The Wall Street Index is currently trading at 10,500.

A trader wants to win £100 for every hour that it is above 10,550 during the next 20 market hours.

This means a maximum win of £2,000.

He pays a stake of £400.

After 20 market hours, the bet expires.

The Index ends above 10,550 for 16 of the 20 hours, so the trader wins £1,600.

Alternatively, the trader could decide that he wants to win £100 for every hour that the Index is below 10,450 during the next 20 market hours.

At the bet expiry time, the Index has been below 10,450 for 13 of the 20 hours, so the trader wins £1,300.

Timeswitch range bet:

Simply choose your market, set two strike prices and then bet on the market being within or outside the range you have created. You win a fixed sum every time the market price rises above or falls below your range at a series of intervals. Every win is locked in at the end of each interval and paid out when the bet expires. You set the number and length of time intervals and the amount you want to win per interval.

Example:

The Wall Street Index is currently trading at 10,500. A trader wants to win $100 for every hour that it is within the range 10,450 -10,550 during the next 20 market hours.

This means a maximum win of £2,000.

He pays a stake of £200.

After 20 market hours, the bet expires.

The Index ended in the range for 17 of the 20 hours, therefore the trader wins $1,700.

Alternatively, the trader could decide that he wants to win $100 for every hour that the Index is outside the range 10,450 - 10,550 during the next 20 market hours, meaning a maximum win of $2,000.

When the bet expires, the Index has ended below 10,450 for 10 hours and above 10,550 for 6 hours. The asset price was out of the range for 16 of the 20 hours, so the trader wins $1,600.

NB. A 3 day bet expires in 3 market days at the same time as it was placed. The same applies to bets denominated in hours and minutes, even if it means rolling over to the next day.

This press release was distributed by ResponseSource Press Release Wire on behalf of HBL Media in the following categories: Business & Finance, for more information visit http://pressreleasewire.responsesource.com/about.