BetOnFinance Broker Review – Financial Betting in South Africa

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Best Betting Apps in South Africa

Gambling on the move has become hugely popular and many of the leading bookmakers in South Africa have latched onto this by optimizing their websites to work on mobile devices.

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Numerous gambling operators have also developed dedicated betting apps to further enhance the mobile experience for their customers.

Our team of experts at BettingTop10 have tested apps from across the gambling industry to help you decide who offers the best service on mobile devices.

We have reviewed a wide range of betting apps on numerous platforms, including Android, iPhone and iPad.

It can be difficult to decide which one to choose, so we’ve done the leg work to save you time and effort to enable you to get maximum enjoyment out of your online gambling activities.

We provide advice about the features on each app, details about its functionality and what type of bonuses and promotions are available.

Read on to find out more about betting apps in South Africa.

1. – Get a R100 Bonus when you register

Widely recognised as one of the leading gambling operators in South Africa, Hollywoodbets offers a superb selection of sports betting online opportunities to its customers.

Its sportsbook features a wide range of events to wager on, with punters able to access top class events staged around the world. Soccer, horse racing, rugby, golf, tennis, snooker and basketball are amongst the most popular sports on offer.

Hollywoodbets provides multiple deposit options that are fast and secure. The site has been optimised for use on mobile and there is a dedicated app that takes the experience to another level.

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Sign-up for a Hollywoodbets account online or SMS “Bet” to 45294 in order to download the application. After completing the quick registration process, you will receive a confirmation link that will allow you to verify your account and start to place bets.

Online Trading of Stocks, Currencies, Options and CFDs

Online financial betting has become one of the most lucrative and exciting types of investments in the 21st century. Thanks to the advanced technology and unexpected market momentums, such as great financial crisis, more and more people are looking for alternatives to traditional forms of investments. In the past, financial trading was reserved for the privileged few, but nowadays everyone can try it. It is an amazing opportunity to make a profit and experience the trading rush in a completely new manner known as financial betting.

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Online trading and betting on forex, stocks etc. have quickly become favorite among many traders. It is easier to comprehend, requires less initial funds than traditional forms of financial trading, and it is open to traders all over the world at the same time as long as they have an internet connection.

The most interesting part is that traders are becoming more and more keen to financial betting, than to traditional types of online trading, as this type of participating in financial markets can be equally lucrative as traditional stocks trading.

Financial Betting and OnlineTrading – New Aspect of Financial Industry

There are many forms of financial trading available at the moment. Such variety can cause confusion, especially considering that market is saturated with numerous financial trading service providers such as brokers. It can be hard for a beginner to make a good decision and choose a proper and reliable financial trading service.

Still, online trading provided an interesting haven for those who prefer to trade anytime, anyplace and who don’t want to be limited by requests for expensive investments, which is often the case in traditional forms of financial trading.

Nowadays, online betting opens financial trading to everyone. Traders can bet on stocks, forex and many other assets on online trading platforms. They can easily trade from the convenience of their home and experience lucrative profits, especially if they apply specific strategies and follow market news and updates.

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What is Financial Betting?

Financial betting can be defined as a special type of betting where a person wages the price in the future against odds given by the online betting or trading company. Unlike in traditional betting (like horse betting), users bet on financial assets, usually, forex, spreads, stocks etc., and not on competition results (like they do in sports betting). Traders are familiar with the risk and potential payout as the coefficients are displayed next to every potential bet.

These principles would make financial betting a type of digital option. Bettors also don’t need to have ownership over the underlying asset at any moment but are simply betting on the price movement. There is no middle ground, every participant in the betting process can only win or lose. What makes financial betting similar to trading is that there are certain indicators that can be used in order to increase the success rate. Different statistic data can be applied, market trends followed and strategies integrated which means that there is a higher level of control. It is not only about luck but about good preparation as well.

Financial Betting for Beginners

This new form of online trading is very popular among traders who never before experienced an opportunity to participate in financial markets. Betting on stocks, forex, spreads and other is easily accessible thanks to lower investment demands.

Most financial trading companies who offer this type of betting platform, offer bettors the opportunity to simply open a free account, make a deposit and use all the money for betting. What is interesting is that they can make decisions and place bets all by themselves and never have to contact an additional intermediary, which is a common practice in traditional betting and trading.

Betting on stocks, spreads, and forex allows users to determine how, when, and why they want to place their odds. This advanced new system of financial trading is more open towards new traders who are looking for easy to understand financial platforms, and don’t have significant capital to invest.

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Betting on Stocks Guide

Betting on stocks is very similar to betting on spreads. In both cases, the bettor never really has to own the asset that is used in the process of betting, but there are also some differences that are important to understanding.

Betting on stocks can be based on one of two main principles:

  1. Bettor can make prediction how a certain stock will perform in the future
  2. Or bettor can make a prediction which stock will perform better out of two.

Let’s break this down.

For example, the bettor can place a bet based on his prediction that CompanyX stocks will rise in prices till the end of the day. If the current stock price is $200, he can place a bet that until the end of the day the price will be $210. If he is right, he wins, if he isn’t he loses the bet.

Also, some online betting platforms offer the possibility to bet which stock will perform better. A bettor can believe that CompanyX’s stocks will outperform CompanyY’s stocks. This approach requires a vast knowledge of all the factors that are influencing each and every stock involved in a bet.

Betting on stocks is very popular as it is easy to grasp, and is much less subjected to manipulation and human involvement, unlike the sports betting. Sports betting still involves scandals about fixing the matches, while in financial betting such rumors have no place. The market is simply too big and too important.

Betting on Spreads

In order to understand the spreads betting, bettors must first understand what spread is. Spread is the range between the bid and the offered price quoted by the betting company. Bettors can make a prediction whether the price of the certain stock will be lower or higher than the offer. Just like in other forms of betting, there is no need to gain ownership over a certain asset or stock in order to place a bet.

Here’s an example of spreads betting.

Your betting company publishes quotes for CompanyX. The bids are $1000, and the offer is $1100. Yet, the bettor believes how the price of $1000 is unsustainable and how the price will be lower, so he bets $10 for every dollar that the stock falls below $1000. If the bettor is right, and the price ends up to be $970, the trader will win $300 ($10 for every $1, and the price has fallen for $30).

What is Forex and Forex trading?

Many bettors also decide to join the exciting world of forex betting. Forex is a word that became a household term, a yet even many bettors don’t know what it is all about.

Forex, also known as FX, is the market where foreign currencies are traded. It is considered to be most liquid market in the financial industry and can be traded 24 hours a day, 5 days a week, except on weekends and holidays. It is a very interesting market that regularly reaches trillion dollars in traded values daily.

In most cases, forex betting is based on spreads.

Forex Spreads Betting – The Basics

Forex spreads betting is no different than the stocks spreads betting, except for the fact that there are currencies involved. It is considered that the narrower the spread, the more exciting the currency pair is. However, besides minimum spreads, there are average spreads available as well. Most popular currency pairs in forex betting are created with most famous currencies: USD, EUR, JPY, GBP, AUD, CAD, CHF, NZD.

Financial betting platforms are offering other currency pairs as well, all depending on their specific lists. As always, diversity in betting is highly encouraged as it can reduce risks involved when trading or betting only on one currency pair. Also, keep in mind how main currencies are affecting movements of some less significant and popular currencies.

Many forex betting companies allow bettors to place either spot or forward bets. Spot forex bets are much narrower and are executed in shorter time frames. Forward forex bets are usually referred to longer time frames which are often considered to be more suitable for beginners or conservative traders, but it is also a much less exciting form of betting.

Best Online Trading & Financial Betting Tips

It is a common misconception that betting is an action that relies completely on luck, and therefore, leaves trader or bettor without any form of control. As this can be valid for sports betting or betting in general, in the world of financial betting there can other factors be involved as well.

In financial betting, bettors can use different strategies, approaches, and tips to become more successful. Here are 5 best financial betting tips that can be used in all forms of betting and financial trading, no matter whether you are a beginner or advanced user.

  1. Do a financial analysis before financial betting and/or trading

The easiest approach is to log into your betting account, enter the online betting platform, select a few bets that seem profitable, place them and hope for the best. This is, unfortunately, also the riskiest approach.

Before making a bet make sure to understand current and potential future market conditions to avoid mindless betting. Financial betting is just like financial trading based on market movements, that are repeated periodically. Also, everyday news can highly affect market changes and the levels of volatility.

This means that every bettor can simply focus on these news and government reports that often directly deliver expectations on market movements.

  1. Have a betting strategy

Instead of choosing your bets randomly, have a strategy. Besides betting strategies, there are also money management and time strategies that allow you a better overview of the entire betting process. Every bettor can decide how many bets can take place based on certain market conditions, funds available, and success rate.

Such reasonable approach makes betting much safer form of investment than it is betting that is based solemnly on luck.

  1. Select a good betting platform

Having a reliable betting service or betting platforms of highest importance for every bettor. Your betting service will be the one that determines the betting odds, the lowest amount you are allowed to bet and the process of getting a payout.

In order to find a proper and reliable betting company, make sure to read reviews and find out as much as possible. Don’t hesitate to contact their customer support for any additional information. Also, make sure to check what payment methods are supported so you can prepare yourself in advance and don’t lose time once you want to start betting for real.

  1. Set some realistic goals

Make sure to understand how financial betting, whether it is forex, stocks, or some other type of spreads, will not make you rich overnight. For beginners, it is recommended to place bets with fixed odds and to start small. Considering that most forex betting companies allow bets for as little as $1, that shouldn’t be a problem.

Also, understand that 100% success rate is impossible to achieve. Such numbers are made up as sometimes volatile conditions occur when least expected and can cause a big headache to financial bettors and traders.

  1. Understand the concept of betting

Many bettors believe how it is all fun and games when it comes to financial betting. After all, who hasn’t placed a bet with a friend at least once. However, betting on stocks, forex or spreads is more serious than a friendly bet.

Financial betting contains the risk that can be reduced and managed, but only if the trader fully understands all aspects of financial betting. Don’t hesitate to learn about financial markets and use tools while placing bets. This can highly help you advance in your results!

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About Betting on Stocks Regulation

Betting on stocks, forex or other financial instruments is not a new thing, although only recently it became available online. While many believe that the world of online betting is like a Wild West, the truth is quite the opposite.

As always, there are some financial betting companies that operate without licenses, but overall – it is a regulated market. Every country in the world has an agency or another type of government body that regulates the betting industry.

Betting Regulation USA

The United States of America has very developed betting industry. Also, it has 50 states, and in many cases, local governments have declared additional laws that regulate not only financial betting but betting in general. This is an important fact that all bettors have to keep in mind. In order to trade safely, learn about betting regulation in your state.

On the federal level there are two documents that regulate the betting industry:

The Interstate Wire Act was presented in 1961 with the mission of preventing transmission of bets, wagers and related information via wire communication. This document was created in order to put an end to the betting mafia that was running some serious illegal business back in the 50s and 60s. The new and evaluated version that was presented in 2020 declared ‘wire betting in sports’ prohibited, but not other types of betting.

The Unlawful Internet Gambling Enforcement Act (UIGEA) that was passed in 2006 caused many headaches. It is limiting banks and credit card companies to transfer any money made with illegal gambling companies. This is why US bettors should research the status of betting on stocks and forex in their country.

Of course, there are some state laws that are hard to navigate. Still, in these states, unregulated online betting is considered to be illegal: Illinois, Maryland, Louisiana, Indiana, Montana, New Jersey, Nevada, Oregon, Washington, Wisconsin, and South Dakota.

Betting Regulation EU

The fact that the European Union has so many members makes it difficult to pass the universal betting legislative and regulatory framework. So, the regulation of the betting industry is depending on the policies of each individual EU member. However, some countries like Malta (Malta Gaming Authority) are more popular among online betting companies than other. The reason for this is complicated bureaucracy and slow regulatory framework that is often not adjusted to modern trends and demands.

Financial Betting

We all are aware how hard it is to earn money these days. Sometimes, no matter how hard you work, you still don’t get paid much. This is the reason why people usually look for other alternatives just so they can make money. If you happen to be someone who likes to try new things, understands the financial markets, and is willing to take a risk, then financial betting might be something you should consider trying. We must caution you, however, that you are dealing with high-risk products and never invest more money than you can risk losing.

A way of giving investors an opportunity to participate in buying and selling across financial markets without having to own a particular financial instrument physically is called financial betting or also known as financial spread betting. The trader is allowed to bet on whether the direction of the price of a particular financial instrument will go up or down. He could make theories based on a huge selection of instruments that include stock market commodities, foreign exchange, shares of stocks and stock market indices without any rule that they need to own those investments that they want to bet on.

This form of betting is really a thrilling way to make bets on whichever your pick is among all the markets available. It could be the stock indices, forex market, commodities market or the stock market. You can even select how much or how little you will stake in every trade. One of the things that people like about this investment is that it is free from capital gains tax, CGT, in most countries like the UK. This means that you can invest without worrying about deductions brought about by taxes on your gains. Unlike those traditional ways of share trading where there is capital gains tax being applied in the various countries that are freely purchased and sold.
IMPORTANT! Always check with your local tax authorities to ensure capital gains tax doesn’t apply to your jurisdiction, as it can differ depending on the country.

Understanding The Risks

You need to understand that this kind of betting involves a lot of risks though. If you are someone who is searching for a stable source of income, then this is not for you. This is something you should not be dependent on. You cannot entrust your children’s future with this. Even those who are veterans in this kind of field even find it challenging because of the risks involved. If you want to lessen the risk, you need to learn a lot of things. You should be aware of the ins and outs of spread betting prior to placing your money to start your bets. However, financial spread betting still has some advantages despite its riskiness. It is even regarded as a cheap and easy way to invest your money in. The things you need to learn are usually not that hard to understand, either. Of course, there will always be a possibility of you losing a lot of money. However, there’s also the possibility for you to win big. The massive gains can be yours if you can only forecast the market correctly. Just make sure you are also prepared to lose though. It will be very beneficial for those who are newbies and even those who are veterans to research more about the basics and fundamentals of this kind of betting. It will really pay off if you devote some time to read and understand all that you have researched. You will be able to find a lot of updated resources that will allow you to stay competitive. You also need to keep in mind that the markets change frequently. The market changes and shifts every second and minute and this are already beyond the control of any market indicator or player. Below are some tips and tricks if you wish to enter this industry.

Learn to Manage Your Risks with Financial Spread Betting

Learning from those who are experienced will always be a good move because these are the people who are already very familiar with the world market. They know the ups and downs and they already have an idea on what to do in case something similar occurs. However, this does not mean that they are perfect. They can still make a few errors since the market is constantly changing. Additionally, you should always have a plan and a strategy in order for you to survive. Planning and thinking of strategies is very important because this will give you direction and guidance. You need to know when to enter and exit and you should be aware of all the market levels, too. Apart from learning from the veterans and planning, you also have to manage the risks involved. We will encounter risks wherever we may go. It’s something that we cannot seem to get rid of especially in spread betting. Anywhere you turn, you will always encounter risks. The only thing you could do is to manage them. You can do this by reducing the exposure from risk to Bull Option (SCAM) Option World (PROBLEMS) VIP Binary (SCAM) Traders Room (SCAM)

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