Betting on The Feds interest rate decison.

T

TheEnd

Well-Known Member
After contacting 'mmm shiney' to find out what website to place a bet (Sportsbet.com.au) on The Feds interest rate decision I have only just registered and placed $50 on the decision that they will raise rates in 2016 @ $4.50.
Decision to change rates in december was only $1.17.

The return on the bet I placed is estimated to be around $225 so thats pretty good return if it comes thru.

I suggest any other stackers with a spare $50 should also join Sportsbet and put some money on the decision!!! :D
 
They cant raise them. All this corporate debt for share buy backs and banks addicted to free money to play the casino....

bet against it....

as Max Keiser says 'You can't taper a ponzi'
 
LovingtheSilver said:
That's a total of four for me. Total outlay/loss of $367 for a win of $1417 if they don't raise.
Click to expand...

Gees that bloody great!

It seems like a really safe bet compared to betting on horses or doggies because us stackers follow the economic news so closely?

I might even throw another $50 bet on tomorrow depending on what internet news about Yellens decision is going to be???
 
Just be careful with Sportsbet and this market. They are not totally ethical in my book and I've dealt with them a bit - they actually canned my account (and my wifes) after we won too much from them.

The fine print on this market says :-

Applies to the meeting at which the US Federal Reserve votes in favour of lifting the Federal Funds rate above the current 0.25%.
Click to expand...

(Edit : I actually thought this rate was zero.)

Also, can you be confident this will or won't be paid if the raise is less than 0.25% or could the market be nulled?

Bookmakers have this clause often referred to as "culpable error" where basically they can null bets or settle a market however they like if they want to if they screwed up somehow and punters have zero recourse.
 
Golightly said:
They cant raise them. All this corporate debt for share buy backs and banks addicted to free money to play the casino....

bet against it....

as Max Keiser says 'You can't taper a ponzi'
Click to expand...

Logically you are correct, but this ridiculous charade by Yellon & the fed re interest rates has been going on too long. No one really believes that the US is out of recession but because Yellon & the US goverment have been bull s--t--g for so long they will have to raise interest rates fairly soon or lose all credibility with the markets.

Obviously if they do raise interest rates they will be lowered again very sharpish as the US is in deep s--t.
 
BuggedOut said:
Just be careful with Sportsbet and this market. They are not totally ethical in my book and I've dealt with them a bit - they actually canned my account (and my wifes) after we won too much from them.

The fine print on this market says :-

Applies to the meeting at which the US Federal Reserve votes in favour of lifting the Federal Funds rate above the current 0.25%.
Click to expand...

(Edit : I actually thought this rate was zero.)

Also, can you be confident this will or won't be paid if the raise is less than 0.25% or could the market be nulled?

Bookmakers have this clause often referred to as "culpable error" where basically they can null bets or settle a market however they like if they want to if they screwed up somehow and punters have zero recourse.
Click to expand...

Bloody hell all that stuff is too complicating for me.

I just wanted to put a simple bet on.
 
BuggedOut said:
The fine print on this market says :-

Applies to the meeting at which the US Federal Reserve votes in favour of lifting the Federal Funds rate above the current 0.25%.
Click to expand...

(Edit : I actually thought this rate was zero.)

Also, can you be confident this will or won't be paid if the raise is less than 0.25% or could the market be nulled?
Click to expand...

The current rate is a target rate of 0-0.25%. So you are both correct.

As long as the there is an announcement to raise target rate goes to 0.26% or more, it should pay. Not legal advice.
 
Monsta said:
BuggedOut said:
The fine print on this market says :-

Applies to the meeting at which the US Federal Reserve votes in favour of lifting the Federal Funds rate above the current 0.25%.
Click to expand...

(Edit : I actually thought this rate was zero.)

Also, can you be confident this will or won't be paid if the raise is less than 0.25% or could the market be nulled?
Click to expand...

The current rate is a target rate of 0-0.25%. So you are both correct.

As long as the there is an announcement to raise target rate goes to 0.26% or more, it should pay. Not legal advice.
Click to expand...


this as it is if they raise it in 2016 or later., but you never know they might not pay until it is actually raised.
 
TheEnd said:
Bloody hell all that stuff is too complicating for me.

I just wanted to put a simple bet on.
Click to expand...

Don't worry about all that shite. I'd rather have $50 on a meeting of the Fed and blow it within 2 weeks than buy $50 worth of silver and wait an eternity to see any return if I'm lucky. The outcomes of both results hinge upon those bestowed with illuminosity anyway.

Neither the FOMC, nor the markets, nor SilverStackers have any idea what is going to happen nor why. It's like a game of darts, there are the "right noises' you should hit and the "wrong noises". :lol:

It's just an easy way of making an extra few $$$$ for Christmas if the majority gets it wrong. Which in a planned economy is most of the time mind you.
 
I think the Fed is going to raise again at the March meeting coming up. Another 25 basis points.

Just my opinion.

Jim
 
Jim4silver said:
I think the Fed is going to raise again at the March meeting coming up. Another 25 basis points.

Just my opinion.

Jim
Click to expand...

Ye I reckon they will to.

It should send some shocks through to the worlds economies.

What date is the March decision being made?
 
You must log in or register to reply here.
Back
Top