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|Legal Entity||BetOnFinance Ltd|
|Turnover||Depends on event|
|Minimum deposit||€ 20|
|Full Address||Malta, Naxxar, Level 1, Casal Naxaro, Labour Avenue|
BetOnFinance is the first site of its kind, allowing players to bet on stocks in pool games. Today BetOnFinance is bringing betting and financial markets together. The concept is as entertaining as it is simple – bet on the daily % change of an index or what stocks will be in the top / bottom 3 by the end of the day. All games are pool bets meaning players don’t play against the house but against each other. As BetOnFinance at the moment is the only site of its kind, we did a full walk through of the site. Here is what we found out.
The signup process follows the usual steps and does not require the user to deposit. However one can only bet after depositing to the account. Minimum deposit is 20€ which is doubled with a 100% signup bonus.
Accepted countries: All nations excl. Afghanistan, Algeria, Armenia, Azerbaijan, Belgium, China, Ethiopia, France and other French territories, Greece, Hong Kong, Iran, Iraq, Israel, Italy, Jordan, Kuwait, Libya, Malta, Morocco, North Korea, Pakistan, Philippines, Portugal, Romania, Singapore, Somalia, Spain, South Sudan, Sudan, Syria, Tunesia, Turkey, United Kingdom, United States of America and other U.S. territories, or Yemen
BetOnFinance offers games on various international markets. All are organized neatly in the betplate where users can sort after country, game type and day. Games are divided 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 easiest game to get started with are the index games. The most straightforward game, with the largest price pools, are the index games. Here you have to bet on the development of a stock index. The minimum bet is €1 and intervals are in 0.25% – usually you can bet on 22 results. The index game is divided into either Half Day or Live games.
Another concept unique to BetOnFinance are the Stock Races. Here users have to guess which stocks will be in the Top 3 or Bottom 3 in the end of the day – thus the similarity to traditional horse racing. The game can be played as a Full or Half Day game.
Financial markets are ever changing and influenced by their surrounding events. For this reason BetOnFinance also offers specific event games with the opportunity to bet on large IPO, financial reports, political events etc.
BetOnFinance offers a range of payment options including all major cards. KYC is currently required for all players, however the process was fast and smooth. After KYC withdrawals are quick and painless. As a regulated operator all player funds are secured by certified banks.
There is a live chat function and from our experience, support emails are answered promptly by personal eager to help. At the moment support is offered in English, Danish and Swedish.
Minimum investment of 20€
Highest recorded odds of 737
Fluid odds take a bit getting used to
At the moment BetOnFinance is the only game of its kind and has several patents pending. The sign up flow explains the concept in detail and the betting options are made clear. At first the floating odds and various pool closing times take a bit of getting used to, but thereafter it is easy to bet on a continuous basis.
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. Thereby also making times from bet to winnings longer that most betting sites.
The games on the site are all pool games, which means that you are not playing against the house, but against other players. The odds are therefore set by the players themselves, and reflect how much is bet on every outcome in the game. There is a minimum odds of 1.05, which means that every winning game will give at least 105% back to the player, no matter how obvious the winning result is, and it further avoids the possibility of odds reaching 1.00. When the odds reaches 1.05 users cannot bet on that specific outcome anymore – it can thus pay off to bet early.
On the other end, the highest odds seen is 737. It is definitely worth spending some time on as both winnings and entertainment increase dramatically after familiarizing oneself with the platform.Get Welcome Bonus comments powered by HyperComments