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Betting on the Dow Jones/FTSE

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  • 23-12-2004 11:50am
    #1
    hefty_langer
    Registered Users Posts: 539 ✭✭✭


    Lately I've nmoticed that many online bookies are taking bets on where the Dow Jones/FTSE will end at close of business, They offer odds of a little less than even money for predicting if the index will be over/under a certain point (i.e today its 6/5 to be over 10825.00) and it is opening today at 10815.89.

    With the pre-holiday rally, this seems to me to be a pretty good bet... Looking at the charts all week it is on the incline and I reckon it should easily close well up more than 10points...

    any opinions on this?


Comments

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    #2
    RainyDay
    Closed Accounts Posts: 6,925 ✭✭✭RainyDay


    Unless you know something that the bookies don't, it is unlikely to work for you.


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    #3
    hefty_langer
    Registered Users Posts: 539 ✭✭✭hefty_langer


    thanks for the advice, just won €492 on the Dow over 3 days... evens money if you can grab it every morning...


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    #4
    Skyuser
    Closed Accounts Posts: 1,680 ✭✭✭Skyuser


    What Bookmakers are doing bets on Stock Markets, I can't find any............


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    #5
    daveirl
    Closed Accounts Posts: 14,483 ✭✭✭✭daveirl


    This post has been deleted.


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    #6
    hefty_langer
    Registered Users Posts: 539 ✭✭✭hefty_langer


    try vcbet.ie


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    #7
    maherw2
    Closed Accounts Posts: 35 ✭maherw2


    I think vcbet.ie has stopped taking bets on the end day price.


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    #8
    hefty_langer
    Registered Users Posts: 539 ✭✭✭hefty_langer


    They still take bets up until about 3/4pm as far as I know -


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    #9
    Zaph0d
    Closed Accounts Posts: 756 ✭✭✭Zaph0d


    If you know where the markets are going then why not spread bet on market indices...
    http://www.cityindex.co.uk/cityindex/spreads/markets/indices.aspx
    If you do, tell us your positions so we can all share your joy/pain.


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