BetOnMarkets Betting Review
The world of betting has long been dominated by sports. Fans and avid betters throw millions of dollars into betting markets and pools, both official and unofficial, in an attempt to capitalize on their favorite sport or sport's team. Naturally, betting spikes around big events such as the Olympics, Super Bowl, World Cup, or NCAA March Madness Basketball Tournament.
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But betting is by no means limited to the world of sports, and betting in other areas has seen a recent explosion in popularity. As its name would suggest, BetOnMarkets.com is a betting site devoted to an area other than the world of sports. Specifically, the site focuses on betting on the world's leading financial markets in a variety of exciting ways.
BetOnMarkets.com Site Overview
Overall, this web site is very easy to navigate and use. Beginners and experienced betters alike should find that the site answers their questions before they are even asked. BetOnMarkets' easy to read format balances graphs and visual media with written explanations to give users the best possible experience.
The BetOnMarkets web site is complete with tools to help beginners get started. These resources include a strategy guide, which details various betting strategies and the bet types that best complement them. A market guide offers a short-term peak at what other BetOnMarkets traders think the markets will do. The bet guide provides a look at the different types of betting available and shows short video clips that demonstrate each betting type. An economic calendar orders the day's events that are likely to have an economic impact, as well as current unemployment rates, retail sales, etc. The homepage of BetOnMarkets.com also links to trader polls, which is a great tool for advice for beginners.
Betting at BetOnMarkets.com
In addition to betting on indices, BetOnMarkets.com supports betting on U.S. and U.K. stocks. The "Run Bets" tab lets users play different number games for a quick return. Users can double their stake if they correctly predict whether the market will move up or down after five ticks. Users can multiply their money times 10 if they correctly predict the last decimal digit of the market after 5 ticks, or instead opt to turn a 10 percent profit if they select a number other than the last decimal digit. Users can also bet up or down on currencies, pitting the U.S. dollar against Great Britain's pound, the Euro, the Australian dollar, or Japanese yen.
Other Types of Betting At BetOnMarkets.com
The variety of types of bets offered on BetOnMarkets.com never makes for a dull experience. With flash bets, traders predict whether the market will go up or down in a short period of time (30 seconds to five minutes). Intraday and double bets are similar bets made according to a longer period of time. Traders can also bet whether or not the markets will end up inside of a specified range after a certain amount of time or whether or not the market will touch a certain value.
BetOnMarkets Betting Deposit Methods
BetOnMarkets.com accepts four basic types of payment - credit or debit cards, bank or wire transfers, eWallets, and payment agent transfers. Each comes with its own stipulations (i.e. withdrawing with Western Union includes a fee) and different processing times. Depending on which type of payment you use, the minimum deposit is one U.S. dollar or Euro and the maximum is 100,000.
Overall, BetOnMarkets.com is well-deserving of its many accolades (EGR Awards called it the 2009 Financial Betting Operator of the Year). The site is extremely easy to navigate and provides tools useful for amateurs and experts alike. Commission rates are relatively modest at between three and five percent, typically. This is a great betting site if you enjoy watching the markets or if you simply want to add some variety to your betting experience.