It’s true. Our friends at BookMaker have introduced new live betting markets to bet the American Stock Market. SBR has some tips for betting finances.
Live Betting the Stock Market
BookMaker has started a new live betting market. Not only can you live bet the closing price on the Dow Jones Industrial Average, the NASDAQ and the S&P 500, but you can also live bet the stock indexes in a wide variety of ways, including closing price by the hour, and closing price vs other stock indexes. Live Betting options at BookMaker’s Financial Betting are available from 9 am to 5 pm EST, Monday through Friday. Let’s take a quick look at the ins and outs of betting the stock indexes.
The Dow Jones Industrial Average (DJIA) aka Dow Jones or simply known as ‘the Dow’ is a stock market index that measures the stock performance of the 30 large companies listed on the US stock exchange. The Dow is the second oldest US market index in the United States. It was founded and its first average was calculated on May 26th, 2896. The DOW index value is based on the sum of the price of one share of stock for each component, divided by a changing factor of the component stocks when a stock split or stock dividend occurs.
Recent DOW History
Despite the growing concerns around the coronavirus pandemic, the DOW continued it’s run from the previous decade has peaked in 2020 at 29,551.42 on February 12th, 2020. The index then slowly retreated for the remainder of the week and into the rest of February, before the coronavirus fears and an oil price-fixing war between Saudi Arabia and Russia send the index into an absolute tailspin. In March of 2020, we saw several days of record losses of at least 1,000 points, as seen during the October 2008 financial crisis. Volatility and instability in the market forced multiple 15-minute trading halts and in March of 2020, the DJI fell 23%, it’s worst quarter since 1987.
Quick Tips on Betting the DOW JONES
The best tip I can give to betting the DOW, and all stocks is simple: Keep your ears to the news and your eyes on the charts. The biggest current companies on the index currently include Apple and UnitedHealth Group, keep an eye on the news concerning their corporate affairs, you may be able to predict a drop in growth or an increase in growth during one of the most volatile financial periods in recent history.
The S&P 500
The S&P 500, or simple the S&P is a stock market index that measures the stock performance of 500 large companies listed n the US stock market. It is the most commonly followed equity indices and is considered to be one of the best representations of the US stock market. The average annual total return of the index, including dividends, since it’s inception in 1926 has been 9.8%. However, there have been several years in which the index declined over 30%. Although, the index has posted annual increases 70% of the time, going back to 1926.
Recent S&P History
In the first fiscal quarter of 2020, the S&P fell over 20% during the global stock market crash, due to the early 2020 price war between Saudia Arabia and Russia, as well as the March 2020 global stock market crash due to COVID19 fears. The 2020 drop in the first fiscal quarter is the worst quarter for the S&P since the 2008 market crash.
Quick Tips on Betting the S&P 500
The S&P is more of a volatile index than the DOW because of a few reasons, the first being that there are far more companies involved in the index, and that the majority of those companies work in manufacturing rather than technology development. This makes it easier to track than the DOW through the media and through market news. Some of the oldest American manufacturing companies are apart of the S&P including Colgate, Deere, Procter & Gamble, Western Union, and General Mills. Besides Western Union, which operates in money transfers and finances, the rest of those companies are manufacturers.
TIP: If you hear of layoffs coming, bet under. If you hear of people being re-hired and returning to the workforce bet over. The S&P is a far better representation of the communal economy in America. So by keeping your eye on unemployment rates, layoffs and factory shutdowns will be the best way to track the growth or decline of the market index. Check our Bookmaker review and start betting now. Good luck!