Bet365 financials betting explained
Skill Level: Expert
Bet365 financials betting explained
It may seem strange that a bookmaker has this feature on this site, but after using the product for a brief amount of time you will understand why it is there. The financials area of the Bet365 is unique to them, and is something that you will not see on any other bookmaker site. Customers have an opportunity to bet on the stock exchange in a relatively risk free manner. It doesn’t matter if you don’t know the difference between SENSEX or DAX. It also doesn’t require you to have a great understanding of exchange rates. If you haven't signed up yet make sure you get your Bet365 bonus code.
The platform is very simple and easy to navigate, and placing bets can be done with ease. Although perhaps intimidating at first to punters who generally use sportsbook and casino, it took me all of 3 minutes to understand how it works. My area of speciality I would say is in-play sports betting, and this is not a million miles away from that.
What are the financial markets
So there are two different types of markets that customers can place bets on in the Bet365 financial area. You have the stock exchanges and currency exchange rates. Below I will give a brief outline to.
When wagering on the stock exchanges you will have a total of four options, FTSE (London), WALL ST (New York), DAX (Germany) and SENSEX (Mumbai). As mentioned above it is not important for you to have a vast knowledge of the stock exchanges. A basic grasp that the value of the exchange is dictated by the number of transactions that take place.
The graph on the screen shows the values of the exchange at different times. This allows the customer to visualise the fluctuation of the exchange value. The default page will always be the FTSE page but you can choose between the four markets mentioned above.
Currency exchange rates
Below are the currency exchange rates in which you can wager money
Euro - United States Dollar
Great British Pound - US Dollar
US Dollar - Japanese Yen
Australian Dollar - US Dollar
US Dollar - Swiss Franc
Euro - Japanese Yen
Australian Dollar - Japanese Yen
Swiss Franc - Japanese Yen
Euro - Great British Pound
Great British Pound - Japanese Yen
US Dollar - Canadian Dollar
Again it is not vital for you to have a vast knowledge of the currency exchange rates for you to place a bet. A general understanding of trends and how markets frequently move will suffice. Again the graph on the screen shows the values of the currency exchange rate at different times, so you can visualise the fluctuations. The default page will always be the FTSE page but you can choose between the four markets mentioned above.
How to place my bet
First off you need to have an account with Bet365 before any money can be wagered, as well as money available in your betting account. Once you have done all this you need to select from a few options, which I will explain below.
The first option you face is whether you would like to bet on ‘moving odds’ or static odds’
Moving Odds (displayed at the top of the graph) - This is where the odds change but the betting market remains the same. The odds change as the value fluctuates.
Static Odds (displayed at the top of the graph) - The odds remain the same throughout but the betting market changes. The markets move in relation to value fluctuation.
Secondly you need to select the betting interval time. The options for this are:
5 minutes (displayed at the top of the graph) - Placing a bet on what will happen in the market within the next five minutes.
Hourly (displayed at the top of the graph) - Placing a bet on what will happen in the market in the next hour.
Daily (displayed at the top of the graph) - Placing a bet on what will happen in the market in the next day.
You will notice less fluctuation the longer the betting interval is, the odds will also change much less frequently on the daily interval compared to the 5 minute interval.
The next thing you must decide is what market and odds you would like to bet on. These are displayed on the right hand side of the graph. You are going to wager money on whether you believe the market will end higher or lower than the options given. This is essentially a 2 way bet of ‘yes’ or ‘no’.
The next thing to do is select a stake that you are happy with, the returns will be seen next to the stake. Obviously then place the bet if you are happy with all of the above.