When people think of betting, they usually think of sports betting or betting on the horses. However, there is another type of betting that is becoming more popular and that is getting a lot of attention on social media platforms such as Twitter.
This type of betting is known as “Minus 3 Betting” and it is based on a simple premise: If the closing price of a stock falls by at least 3% from its open price (as determined at the time that the bet is placed), then the trader who made the wager will win. The cost of the wager is set at 1 unit (1×10−3 BTC or $1 worth of bitcoin).
The reason this type of betting is gaining popularity is that it takes a lot of research to be able to determine whether or not a stock’s price will decrease by at least 3% after its open. With sports betting and horse betting, there is usually some sort of visible score that is being manipulated, making it simpler to place a wager. Stocks are not necessarily easy to analyze in this manner, which is why most people prefer to look at historical data to find trends and make informed guesses as to what will happen in the future.
What Is The Appeal Of Minus 3 Betting?
While it is rather straightforward and easy to understand what a minus 3 bet means, it can still be rather appealing to bet on. Let’s say you believe that the price of XOM, an essential oil stock, will decrease by at least 3%. You can make this wager by going to any online stock market and placing a buy or sell order for XOM. If your hunch is right and the stock drops in price by at least 3%, you will win the wager.
However, this type of wager has several disadvantages. First, you will need a very high-quality internet connection to make this type of wager. If you are doing this from a mobile device, you will need to have a WiFi connection or download the app to make the wager. Additionally, you will need to monitor the market closely to make sure that the price of the stock decreases by at least 3%. If you aren’t careful, you could lose a lot of money when placing a minus 3 wager.
Is Minus 3 Betting Legit?
Although it seems rather harmless and is rather easy to understand how this type of wager works, it is not necessarily a legal option. For one, you are wagering on the price of a stock and not the stock itself. This means that you are putting your trust in someones’ hunch that the price of a stock will decrease by at least 3%. There is also the aspect that you could be placing this wager in someone’s market. It isn’t always easy to tell who is behind the orders that are appearing in the marketplace.
These disadvantages make it rather difficult to consider this type of wager legal. However, there are several examples of securities that were damaged by speculation and this type of wager could be seen as a way to reduce the damage. If you are interested in making this type of wager, it is best to do so through a reliable source that is registered and regulated by a governmental agency such as the CFTC or SEC and that complies with all state securities laws.
What Are The Popular Stocks To Place Minus 3 Bets On?
With most people turning to social media to research and monitor stock prices and market information, the popularity of this type of wager on Twitter has increased. If you are looking for a way to place a wager on whether or not the price of a stock will decrease by at least 3%, you can easily do this through a service such as Twitter Skew.
This type of service gives you access to several popular stocks and you can make a wager on whether or not their price will decrease by at least 3%. When you make a wager on Twitter Skew, the service will create a poll for you with either a yes or no answer. For example, if you choose to wager that the price of Apple will decrease by at least 3%, you will be presented with a poll that asks if you believe that the price of Apple will decrease by at least 3% from its current price. This type of service is not always perfect because oftentimes the public opinion polls can be a bit slanted but it is still a great option for those who are looking to place a bet on the price of a stock.
How Do I Place A Minus 3 Bet?
To place a minus 3 bet on a stock, you simply need to follow a few simple steps. First, you will want to go to any online brokerage account that offers CFDs (Contracts For Difference). Second, you will want to search for the symbol of the stock (such as “XOM” for Exxon Mobil) and then scroll down to the section where you can find the list of available trading pairs. Next, you will want to click on the pair or token that you wish to wager on and the system will open up a page that contains all the relevant information that you need to make the wager.
On this screen, you will want to find the price of the security (in this case, XOM) and then enter the amount of units that you want to wager (in this case, 1 unit). After you have entered the amount of units that you want to wager, you will need to click on the “Bet” button to continue. On the following screen, you will need to enter your email address and create a password for the account. After creating a password for the account, you will be taken to a page where you can click on the Confirm / Cancel button to continue with the wagering process.
Once you click on the Confirm / Cancel button, you will be brought back to the main wagering screen where you can select a tweet that will be used as the reference point for the wager. Next, you will want to click on the “Launch Poll” button and the system will begin to create a poll for you. This poll will determine whether or not the price of the security that you chose will decrease by at least 3%. Once the poll is finished, you can click on the “Cast Vote” button to have your ballot counted.
If you are wondering whether or not to place a bet on a stock, you should consider all of the pros and the cons and then decide responsibly. While it is rather simple and fun to place a wager on whether or not the price of a security will decrease by at least 3%, it is not always easy to make a profit from these types of wagers. If you are looking to place a wager on a stock, there are safer and more reliable options that you can use.