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Dow to gain 275 points today (+320)

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Posts: 3

FredLeonard

Veteran

Joined: Dec, 2019

Posts: 4677

Posted: Jun. 25, 2021 - 8:37 AM ET #1

Risking: $250,000,000,000,000,000,000,000.00

To Win: $800,000,000,000,000,000,000,000.00

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Rush51

Captain

Joined: Jan, 2005

Posts: 7962

Posted: Jun. 25, 2021 - 10:24 PM ET #2

Does even a bet exist? I suppose it does. what a foolish one if there ever is.

If I can offer some advice. Keep the gambling to sports.... "Invest" for long term wealth w stocks.

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TheSquare

MVP

Joined: Mar, 2009

Posts: 16156

Posted: Jun. 29, 2021 - 11:45 PM ET #3

@Rush51

I never tried it cuz I saw right through "it" when it first emerged about a decade ago but the OP's original claim it "should" exist with the "binary options market." Binary options are garbage though. The market was created for speculators who don't want to do all the research into the traditional stock market. IMO, I think it was named "binary" to make it sound sophisticated. an_roll_laugh It's the stock market for gamblers with some similar rules like the sports betting market. A 50/50 (commission not included for this example) bet. For example, with binary options, you will have a "investment" derivative of:

Will the price stock xyz be above $50, $60, $70, etc before a certain date?

Yes

or

No?

If there is a good probability that the stock to rise above amount "x," then the yes options will be more expensive (premium worked in) and have a lower return.

Therefore, the "No" option in this would have a higher yield due to the probability of the stock being above "x" before the certain date, which would entice the binary "investor" to speculate on the "No" answer.

And Vice versa..

"Schrödinger's bet." A bet that loses when you bet it but wins when you DON'T bet it...

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Dow to gain 275 points today (+320)

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