Binary Betting
An introductory guide to making money with binary bets
By John Piper
Jacket text
The world of betting is changing dramatically – say hello to Binary Betting.
In recent years betting on sporting events and the trading of financial markets have been moving closer to each other, and binary bets are the result of this convergence. Binary bets combine the attractions of sports betting with the flexibility of the financial markets.
Binary bets allow punters to:
– Bet on hundreds of different sporting and financial markets
– Close out bets before the event takes place
– Profit from spectacular price moves
– Bet in unusual and unexpected ways – experienced traders will love this
This is the first book on binary betting and explains in simple language what binary bets are, how to trade them profitably and how to reduce risk. Within the book there are many real-life examples of binary betting trades and minute-by-minute analysis of binary price behaviour. In addition the book includes inside tips from an experienced trader who uses binary bets in his trading day in and day out – discover the bet that pays out even when you get it totally wrong!
Find out what makes binary betting the fastest growing area of betting and why traders are switching to the new exciting world of binary bets.
About the author
John Piper has been involved with markets since his early twenties. In the late 1980s he started to trade options full time and did so right through the Crash of 1987 - an experience that stands him in good stead for the markets today. For over a decade he has been the editor of The Technical Trader, the leading newsletter in the UK for those who trade in futures and options markets worldwide.
Reviews
“An impressive, thoughtful and readily comprehensible explanation of binary betting.”
“A great piece of work. Well done!”
“Very comprehensive and well written.”
“Immensely readable and my few misconceptions corrected almost immediately. Wish the book had been around a few years ago when I took a look at Binaries and decided to stay with Spreads.”
“An impressive, thoughtful and readily comprehensible explanation of binary betting.”
“A great piece of work. Well done!”
“Very comprehensive and well written.”
“Immensely readable and my few misconceptions corrected almost immediately. Wish the book had been around a few years ago when I took a look at Binaries and decided to stay with Spreads.”
Media coverage
From Shares:
“John Piper’s book goes from the very basics of betting to the nuances of index trading, providing a simple and comprehensive guide for beginners and a useful handbook for experienced investors. The strength of the book lies in its very simple approach and language, and all readers will find the chapter on real-life trading examples… Read more »
Contents
About the Author
Acknowledgements
Preface
Introduction
Who should read this book
Why you need this book
How this book is structured
1. A Quick Overview of Betting
Betting
Types of betting
Summary
2. What is a Binary Bet?
Comparison with other fixed-odds betting
Complementary binary bets
Risk and reward
Binary bets - the market today
Summary
3. Trading Binary Bets
Binary betting prices are continually changing
Closing out a bet early
Trading bets
Summary
4. Different Types of Binary Bets
IG Inde - financial bets
IG Inde - sports bets
Betfair - financial
Betfair - sport
BetOnMarkets - financial only
BetsForTraders - financial only
HedgeStreet Inc - financial only
ChoiceOdds - financial only
Summary
5. Getting Started
Choosing a binary betting company
Opening an account
Logging in
Viewing charts
Funding your account (margining)
Placing a bet
Closing a bet
Telephone
Bet size
Limits and stops
Monitoring positions
Dealing times and times to trade
Spreads
Taxfree
Regulation and compliance
Commissions
Taking profits
Summary
6. Real-Life Trading Examples
Six trades
Summary
7. Ten Binary Betting Tips
Appendices
I Directory of Binary Betting Companies
II Differences between spread betting and binary bets
III Different ways of expressing fixed-odds bets
Index
Published: | 01/08/2007 |
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Edition: | 1st |
Pages: | 150 |
Formats: | paperback - ISBN 9781905641239 ebook - ISBN 9780857190512 |
If you’d like to get in touch with the author for interview or comment, or you’d like a review copy of this book, please contact us at pr@harriman-house.com or call +44 (0)1730 233870.
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