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BetsForTraders.com, the online fixed odds financial bookmaker, has today released the latest findings of its sentiment index. The index is currently indicating that those “in the know” have been betting on the stock market to continue its down trend despite the recent bounce.

With a current weighting of 24, the index clearly suggests that the majority of BetsForTraders.com clients are decisively shorting the market, a trend reflected in market activity across the board.

The index acts as a proprietary market indicator, which fluctuates between 1 to 100 as BetsForTraders.com clients become more bullish or bearish. It is based on the total monetary value of bets made on market movement in both directions. A value of 100 would denote that 100 per cent of the client base was wagering for the market to rise, and conversely, a value of zero would denote total confidence in a market fall.

A value of 50 can be regarded as ‘normal’, indicating an even split in bullish and bearish behavior.
Thorough testing of the historical accuracy of the index has shown that in ‘standard market conditions’, it has an accuracy rate of approximately 59 per cent, demonstrating that is right more frequently than it is inaccurate.

In the past six months, the index has soared past 80 only twice, and plummeted below 20 only three times. On each of these occasions, the major stock indices followed the BetsForTraders.com sentiment index, and moved at least 2.5 per cent in the predicted direction.

Ryan Kneale, market analyst at BetsForTraders.com, commented: “The BetsForTraders sentiment index allows us a unique insight into the general sentiments of our clients, and accounts for activity across all equity markets. Our more sophisticated clients seem able to consistently call the movement of the markets, and the money naturally flows to them as they win. This allows them to bet bigger than less successful clients and therefore exert a greater influence on the index, which follows the smart money, not the volume of bets. Clearly traders are using their own money to bet on the market to experience a fairly dramatic fall over the coming weeks.”

ENDS

Media Contacts:

Justyna Gnyp, hblmedia
Tel: 0207 612 1830
Email: justyna@hblmedia.com

Becky Barr
Tel: 0207 612 1830
Email: becky@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 Supervision Commission.

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