BetOnFinance is a patent pending concept and the first of its kind, that lets users bet on stocks in pool games.
Launched in 2016, BetOnFinance is combining betting and financial markets. All games are based on pools and players thus play against each other and not against the house. The concept is straightforward: Bet on the daily % change of an index or what stocks will be in the top / bottom 3 by the end of the day.
With BetOnFinance being a completely new concept, we did a thorough walk through of the site:
The user is greeted by a welcoming landingpage leading him through the further process. Along the way the all steps are explained and easy to understand. One can only bet after depositing, however one can create an account without doing so.Minimum deposit is 20€ which is doubled with a 100% signup bonus.
The BetOnFinance Platform
The platform offers games across several international markets, allowing users to bet throughout various time zones. All games are sorted after type, country and day. Furthermore players can chose to play in Half Day, Full Day and Live Games.The Full and Half Day period is open for betting up until 15 minutes before the market opens. Winners are found either in the end of the day of trading or in the middle of the day. The Live game is open half way into the trading day and ends when the market closes.
The most straightforward game, allowing users to get started without analysing several individual stocks. Conveniently the Index Games also offer the largest pool sizes. Users merely select what Index they want to bet on and place their bets on the movement of the day in 0.25% intervals. The minimum bet is 1 € and with minimum odds usually above 5, it is wise to spread out bet across several possible outcomes. The index game is divided into either Half Day or Live games.
The Stock Races are like horse races, with the slight difference of replacing horses with stocks. Here the users guess what stocks they believe will be in the Bottom 3 or Top 3 in the end of the day. The game can be played as a Full or Half Day game.
Financial markets are constantly changing and surrounding events can have massive consequences on the performance of the stock market. Therefor BetOnFinance offers specific event games with the opportunity to bet on financial reports, political events, large IPO etc.
The platform offers a wide range of payment options, including all major credit cards. The KYC process is smooth and fast. An important fact as BetOnFinance currently requires KYC for all players’ first withdrawal. All player funds are secured by certified banks as the operator is holding a Maltese Gaming License.
Emails are answered quickly and on-the go questions are promptly responded to via the live chat. Support is currently offered in English, Danish and Swedish.
Minimum investment of 20€
Highest recorded odds of 737
Fluid odds take a bit getting used to
Floating odds and pools closing at different times takes some getting used to. However when one first gets the hang of it, the site is easy and entertaining to use. It is important to note, that this isn’t a binary options operator as users bet on the value of a stock or index in the end of the day. This also means that times from placing a bet to winners being found, is longer than on most betting sites.
Customer Service: Live Chat / Email:
Languages: English, Danish, Swedish
Betting options: Indices, Top3/Bottom3, IPO / Event Games
Withdrawal Time: 3 days
Demo account: No
Accepted Methods of Deposit: Neteller, MasterCard, Visa, Bank Wire, Maestro
All games on the site are pool games meaning that odds are the lowest on the most played outcomes. To avoid odds of 1, BetOnFinance has a cap of a minimum odds of 1.05. If the odds gets lower, the outcome is closed for bets. If the odds increases again before pool close, the outcome will open for bets again. From a betting perspective odds of 1.05 is not that high, however from a stock perspective a 5% profit on a very certain outcome is a nice profit. Lastly this feature requires players to bet early if they fear, that other players will have an equally strong opinion on a stock’s performance. Volatile markets can be very profitable and the highest odds seen is 737.
BetOnFinance is a new player in a saturated market and it is still early days for their new concept. It is definitely worth spending some time on getting to know the platform and concept as we have seen, that the degree of entertainment and potential for winnings are very high. We are very curious to see what other games and markets can be expected in the future and how this will increase pool sizes.