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A betting vice president bettingsports lotterysweepor office pool if done pool betting definition work, is a form of gamblingspecifically a variant of parimutuel betting influenced by lotterieswhere gamblers pay a fixed price into a pool from which taxes and a house "take" or "vig" are removedand then make a selection on an outcome, usually related to sport. In an informal game, the vig is usually quite small or non-existent. The pool is evenly divided between those that have made the correct selection. There are no odds involved; each winner's payoff depends simply on the number of gamblers and the number of winners. True parimutuel bettingwhich was historically referred to as pool betting, involves both odds calculations and variable wager amounts.

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Comment Required field. Write a review about your broker This will help other traders to know in advance about advantages and disadvantages of the company, as well as compel brokers to provide better services for all of us. Thank you, Team of Topbrokers. COM best broker. Vantage FX. IC Markets. Admiral Markets. Cash bonuses are credited to your balance after the requirements are met. Hantec Markets. IFC Markets. Dukascopy Europe. One of the main methods for gaining new custom is to offer a bonus.

These can come in many forms, from the simple deposit bonus or risk free trades, to more complex packages of training aids and hi-tech gadgets — brokers know how to entice traders, new and old. Here we list and compare all bonuses and explain the key points to ensuring that any bonus taken is a genuine benefit and does not become a source of frustration. We explore some of the common types of bonus, and when the right time to take it might be.

We also discuss some of the pitfalls, and why all that glitters, may not be gold. A binary options bonus is an offer from a broker, designed to provide the trader with additional funds to trade with or to mitigate losses should a trade go wrong. Normally the offer is in the form of a welcome bonus, or a sign up offer as it is sometimes also called.

The bonuses will always come with terms and conditions. These terms are the most important aspects of comparing a bonus. Let us take an example. This is normally a percentage of the deposit. One attraction of the risk free bonus is that the terms are normally way less restrictive. A risk free trade gives the trader a chance to place a trade, knowing that if it loses, they do not lose any money from their account.

If it wins, they keep the profits. Some brokers will offer 3 or even 5 risk free trades, and they will all operate the same way. With more trades however, come more conditions. For example with one risk free trade, the broker is likely to pay out winnings as cash — immediately available for withdrawal. This is one of the reasons why when comparing bonuses, the terms are crucial. At the end of this page, we explore risk free trades in more detail, and explain why there is always some level of risk.

It is clearly an attractive option for a trader, but as explained above — reading the terms and conditions will be key. A no deposit bonus will generally require a very high turnover before any funds can be withdrawn, and this requirement will normally need to be met within a short space of time. This type of bonus is also rare. It does not work that well for brokers, or traders. This allows traders to use the live, real money platform, but place a handful of trades at no financial risk.

Brokers now tend to offer either risk free trades, or deposit match bonus. The best time to claim a benefit is often not at the point of making the first deposit. With some brokers, the best course of action is to open an account with the minimum deposit — turning down any bonuses. Then after a period of trading, call the broker and negotiate a bonus directly with them, based on a larger deposit. This is particularly effective if there is a larger sum to be invested.

The bigger the second deposit, the better any bonus terms will be. If that seems too much trouble, then new traders should certainly research any potential bonus — and ensure it will work for them. Make sure any bonus conditions can be met comfortably — without having to change any trading habits. Pay specific attention to turnover requirements, and any time restrictions by which time the limits need to have been met.

There are certain issues that traders should be aware of when comparing bonuses. All of these issues will normally be within the terms somewhere, so it is vital to check those. Here we will list some of the details to look out for when checking the small print of the bonus deal you have found:. Only then can you judge if the bonus suits your trading style. A large bonus with restrictive terms could be worthless if those terms are not met without causing you to over trade.

A small bonus, with few, if any, restrictions, could be a welcome boost to your trading funds. Biggest is not always best when it comes to bonuses. Lastly, a high quality, reputable broker will make it easy for you to opt out of a bonus. Some will even allow you to cancel a bonus deal part way through. A broker pushing their bonuses on you could be seen as a red flag.

There are several reasons why bonuses are not as free as they seem and why you may not want to accept one. This a dollar amount you must reach before the bonus monies can be withdrawn from your account. On average the trading minimum will be between 20 and 30 times the total account value.

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