CityOdds, a London-based financial fixed odds bookmaking company, released its public version of CityOdds, a step in bringing to the marketplace clear, competitively priced fixed odds bets and binary bets on the financial indices.
CityOdds gives users a graphical interface to the major financial markets. Six live indices including gold and oil are available to trade. Bets may be constructed to suit perfectly the user’s opinion on where markets will close and may be bought and sold throughout the day. CityOdds will be regularly adding new markets. Bets are settled at the end of each trading day so many short term trading strategies are available.
With access to hundreds of thousands of users in the UK – over 400,000 people currently bet on the financial markets online CityOdds offers trading in real money bets (currently UK only) and free to join training groups and trading leagues. CityOdds is currently the only service in the UK delivering a graphical and multiple market platform across browsers for both Mac and PC. There is no software to install and the service operates comfortably on broadband connections below 1Mb.
“Public take-up of financial betting and trading has continued its rapid growth. More and more people are finding entertainment and profitable strategies using financial markets as their base,” says Mike Chadney, CEO, CityOdds. “CityOdds provides a clear and easy way to understand products with no explicit commissions, costs or tax complications and users cannot lose more than they bet. It is important for the UK to deliver world leading innovation in regulated capital markets trading technology, and CityOdds combines advanced technology with price competitiveness that will put it at the forefront of fixed odds electronic trading.”
CityOdds expects to see further take-up of its service as users join its trading leagues. By joining a league, users can compete with other traders and win prizes or cash depending on their trading performance. These leagues provide a convenient and fun way to trade the markets for limited or no outlay. Leagues based around economic figure releases will follow soon and could provide interesting insights and market consensus predictions.