2020 Finance Betting Thread

NYRB

Club Legend
Oct 6, 2011
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378
Auckland, New Zealand
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As there are no sports to bet on, want to focus on the Finance and the economy going on at the moment. I will be tracking global economies of the world and posting odds on here.

The MPC will be meeting on 26th March 2020 to decide the interest rates for their economy in the UK. If UK is to follow the trend of US and Australia, $1.24 on 0.00% interest rates or lower is a no brainer and banker. Using best odds from Smarkets and Betfair betting exchange.

UK Interest Rates- NEXT MPC Announcement:
0.00% and Below = $1.24
0.25%= $4.30
0.50%= $170
0.75%= $240
1.00%= $500
1.25%= $500
1.50%= $500
1.75% or above= $500


Market Rules: Should a rate change be announced before the scheduled MPC meeting on 26 March 2020, this market will be settled based on the rate immediately after the scheduled meeting. If the new rate is not listed as a contract in this market, then this market will be voided.
 

NYRB

Club Legend
Oct 6, 2011
1,149
378
Auckland, New Zealand
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For us Australians this is an important market , the 2020 April RBA Interest Rates.

April 2020 RBA:
-0.25% = $1.18
No Change= $9
+0.25%= $130
Any other change= $6



Current Betfair Rules:

MARKET INFORMATION

For further information please see Rules & Regs.

What will be the change in Australia's Official Cash Rate at this month's scheduled Reserve Bank of Australia (RBA) meeting? The time and date of the next scheduled meeting is detailed below. Should the time or date of this meeting change, or a Cash Rate change be announced prior to this meeting, Betfair reserves the right to change the suspension time of this market.

If a Cash Rate change is announced before the scheduled meeting and the scheduled meeting goes ahead, Betfair will settle this market on what the Cash Rate is immediately after the scheduled meeting. If a Cash Rate change is announced before the scheduled meeting and the scheduled meeting is cancelled (or does not take place at the scheduled time and date), Betfair will void all bets that are matched after the time of the Cash Rate change announcement and will settle this market on the newly announced Cash Rate.

It is the customer’s responsibility to manage their own position, and Betfair will not be responsible for suspending this market when an official announcement is made.

This is a cross-matching market.


UPDATE: Please note, the RBA made an emergency 0.25% decrease to the Cash Rate effective 20/03/2020. For the avoidance of doubt, this decrease is included when calculating the final position of the Cash Rate following the scheduled April meeting. For example, If there is no further Cash Rate change at the scheduled April meeting, -0.25 will be the winning selection in this market.
 

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NYRB

Club Legend
Oct 6, 2011
1,149
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Auckland, New Zealand
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Current Bitcoin Price : $6,412.51 (https://coinmarketcap.com/). Using best odds from Betfair and SMarkets

Bitcoin - March Closing Price
Under $5000.01= $4
$5000.01- $7500= $1.44
$7500.01- $10000= $6.20
$10000.01- $12500= $40
Over $12500= $18

Bitcoin- Year Closing Price
Under $1000= $8.40
$1000-$4999.99=$4.30
$5000-$7499.99= $5
$7500-$9999.99= $6
$10000-$14999.99=$7.60
$15000-$19999.9=$10
$20000.00 or more= $8.20

Market Rules:

"What will the Bitcoin close price be on the final day of the named year? This will be settled using the close price stated on coinmarketcap.com based on the USD "
 

NYRB

Club Legend
Oct 6, 2011
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Auckland, New Zealand
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Going to have a stab, i reckon the price of BitCoin will rise above $12,000 USD by the end of this year. You heard it first. The coronavirus will mean people are reluctant to go to banks and look to an online currency to do business.
 

iluvparis

Hall of Famer
Apr 1, 2005
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Going to have a stab, i reckon the price of BitCoin will rise above $12,000 USD by the end of this year. You heard it first. The coronavirus will mean people are reluctant to go to banks and look to an online currency to do business.
Why has it halved in value then since this crisis started?
 

Red Dog Styles

All Australian
Feb 13, 2017
984
560
Ferntree Gully
AFL Club
Hawthorn
For us Australians this is an important market , the 2020 April RBA Interest Rates.

April 2020 RBA:
-0.25% = $1.18
No Change= $9
+0.25%= $130
Any other change= $6



Current Betfair Rules:

MARKET INFORMATION

For further information please see Rules & Regs.

What will be the change in Australia's Official Cash Rate at this month's scheduled Reserve Bank of Australia (RBA) meeting? The time and date of the next scheduled meeting is detailed below. Should the time or date of this meeting change, or a Cash Rate change be announced prior to this meeting, Betfair reserves the right to change the suspension time of this market.

If a Cash Rate change is announced before the scheduled meeting and the scheduled meeting goes ahead, Betfair will settle this market on what the Cash Rate is immediately after the scheduled meeting. If a Cash Rate change is announced before the scheduled meeting and the scheduled meeting is cancelled (or does not take place at the scheduled time and date), Betfair will void all bets that are matched after the time of the Cash Rate change announcement and will settle this market on the newly announced Cash Rate.

It is the customer’s responsibility to manage their own position, and Betfair will not be responsible for suspending this market when an official announcement is made.

This is a cross-matching market.


UPDATE: Please note, the RBA made an emergency 0.25% decrease to the Cash Rate effective 20/03/2020. For the avoidance of doubt, this decrease is included when calculating the final position of the Cash Rate following the scheduled April meeting. For example, If there is no further Cash Rate change at the scheduled April meeting, -0.25 will be the winning selection in this market.
Think they will decrease again?
Screenshot_20200324-100344_Samsung%20Internet.jpeg


On SM-G930F using BigFooty.com mobile app
 

NYRB

Club Legend
Oct 6, 2011
1,149
378
Auckland, New Zealand
AFL Club
GWS
Other Teams
Patriots, Perth Glory, Wildcats

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54Dogs

Premium Platinum
Feb 18, 2008
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Nowra
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Can't see it changing in April. They'll be looking for the stimulus package payments commencing 31/3 to wash through and reassess the impact. That said it's likely Phase 3 and possibly 4 restrictions will be implemented before then so with such a fast moving situation nothing is certain
 

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