July has already been the most profitable month on record for clients of city bookmaker www.BetsForTraders.com who have been cashing in on recent stock market volatility – at the bookmaker’s expense.
As the FTSE fluctuated dramatically punters were betting furiously on further market falls, some winning bets with odds of as much as 19-1, and so earning a return of 2000% in just a week.
Ryan Kneale, market analyst at www.BetsForTraders.com, comments:
“Within the current climate of economic instability, buying shares has not been the best way to make money on the markets. This is why more people are turning to fixed-odds financial betting, where they can make significant financial gains whether the markets rise or fall. To illustrate, if you had invested in a FTSE tracker fund at the beginning of the year, you would now be down 16.2%. But by betting on the falls you could have grown your money by many times, with limited risk on every trade.”
One client won six bets in a row at odds of 19-1 and another savvy punter has made 30 times his money in the last month.
Ryan Kneale continues:
“This is good news for our clients, many of whom are completely new to the markets, but of course when they win, we lose. And with all the predictions that the market instability will continue for a while yet, there are going to be interesting times ahead.”
Notes to editors:
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. Customers can test the site out for free by opening an account with 10,000 virtual dollars.
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 & Poor’s 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.
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