Bet on the DAX30 Index with BetOnFinance
Now you can bet on Stock Indices such as the DAX30 and the Nasdaq100 without having a fortune in your bank account and without the high risk and complexity that is normally associated with products such as binary options and CFDs.
First Financial Pool Betting Offered in the World
FULLY REGULATED by Maltese MGA
BetOnFinance is the first in the world to offer Stock Market games based on financial pool betting. All of the games have a minimum bet of just €1, which makes financial markets accessible to anyone. With pool betting, the more people who bet, the bigger the jackpot becomes meaning the prize pool can be huge if there is one lucky winner. Some of the world’s biggest horseracing payouts have been done through the pool betting model.
Tax free profits
BetOnFinance’s financial pool betting is classified as a gambling product and not a financial product. Hence, all player profits are tax free at least within the EU. BetOnFinance is licensed and regulated by the Malta Gambling Authority as well as by the Danish Gambling Authority, ensuring a very high quality and a trustworthy experience. Financial products such as Binary options, CFD’s and spreadbetting are all regulated by financial regulators.
How to bet on the Index Games
BetOnFinance offers Index games on the US Nasdaq100 index, the German DAX30 index, the Swedish S30 index and the Danish C20Cap index (with more indices to come).
You bet on how much the index will go up or down within 0.25% intervals. The index games can either be played for the first Half Day or as a Live game.
The Halfday game is open for betting up until 15 minutes before the market opens and the Live game is open half way into the trading day. By enabling betting before the market is open it is possible for players to profit on expected market moves, if you know where the market is heading. This is not possible with binary options, where you can not trade before the market is open and hence you miss out on the first market moves.
For example, if you expect the Nasdaq100 Index to go up by somewhere between 0.30.6% the first half of a day then you have the choice of betting on the range from 0.250.50% or the range 0.500.75% or both. If you are right then you would make a profit. This is not possible with binaries or CFD’s.
Pool betting versus fixed odds
All the games offered by BetOnFinance are based on pool betting, similar to what you find when you bet on horse racing. In pool betting you bet against the other players and not against the house. In pool betting, odds are floating until the pool is closed for further bets. Odds are calculated realtime based on the total amount of bets on each outcome. This can sometimes lead to extremely high odds for outcomes that only a few players has bet on. Recently, a lucky BetOnFinance player took home the whole prize pool of almost €1,000 with a bet of just €1.
Poolbetting versus CFDs (Index trackers) and Binary options
The vision of BetOnFinance is to make financial markets accessible for the man on the street the guy who does not yet have adequate financial savings to invest in the real financial markets. As opposed to CFDs or Binary options, financial pool betting is a good way to get familiar with how the financial markets work, and there are plenty of opportunities to win large amounts of money, but with a lower risk profile. Below we have listed some advantages & disadvantages of BetOnFinance Index pool betting, compared to CFDs and Binary options:
- Index pool betting advantages:
+ Participate for as little as EUR1 with no further liability
+ Easy to understand, no financial instrument knowledge required (although useful)
+ Transaction costs 10% versus Binary options’ 1525%
+ Tax free profits and no hassle with tax return papers
+ Take advantage of expected market moves before the market opens
+ Low risk, since you cannot lose more than you bet (no leverage)
- Index pool betting disadvantages:
– Opportunity for higher returns and leverage with CFDs
– With CFDs, large amounts can be invested at any time. Currently the size of the pools at BetOnFinance limits your betting in each pool to around EUR500 or so, but that number is constantly increasing as more players join in since BetOnFinance has just recently launched its offering outside the Danish market
– Binaries both offer games that run over very short and over longer time frames (e.g. 30 sec., 1 min., 5 min., but also longer periods such as 30 min., 1 hour and 1 day games). BetOnFinance currently offers Half day, Full day and Live games all of them running between 2½9 hours
– With Binaries you immediately know your return profile if your are right. You don’t know your final odds in pool betting before the games are closed for further betting.
Briefly about the BetOnFinance – Stock betting concept
Our vision is to “make financial markets available for the man on the street” BetOnFinance uses a pool betting model, where players bet against each other i.e. not against the “house”. Odds are floating until a pool is closed for further bets.
Stock Race ‐ games, where players bet on which stocks will end up in Top3 or Boom3
Index ‐ games, where players bet on, how much a stock index will rise or fall
IPO ‐ games, where players bet on, where the IPO price will end up
Game periods: Half day, Full day and Live
Available Stock markets: US, Germany, Sweden and Denmark
Min. wager: EUR 1
Tax free profits for players within the EU