Relative Performance
Stock Betting
In the wonderful book, 1984, there is an eerie prediction of what could have been England’s future socio-economy. The Ministry of Plenty’s most successful activity is the offering of the public lottery, on which the public is fixated by the promised magnitude of possible winnings. Highly unlikely, but theoretically possible salivating rewards are described as captivating an otherwise brutally controlled and otherwise bleak outlook society.
This novel portrays a world where the absence of real economic opportunity creates an even greater social need for the possibility of unearned and totally random, unimaginable wealth.
People go to casinos and bet on horses and athletic events even though they are aware that it is likely that they will lose, due to the possibility of winning being disproportionate to the risk accepted.
The excitement and possible satisfaction of winning is a magnetic attraction for many.
In the case of our Relative Performance Stock Betting approach, it is both different and the same. It is different because the $200 size of the standard betting unit is affordable to those interested in securities, and that always one of the two bettors will win, while the loss of the other being total. Another difference is that since the bet involves which of two securities will outperform the other in an agreed period, the bettor having the best information and judgment will win. Therefore, knowledge of the records and activities of the individual stocks which are publicly available, and perhaps impacted by bettor insights is all which is needed. The similarity is in the excitement of the competition and the ability to benefit from a profitable experience.
It is the role of the DoBetter.club, on behalf of their member bettors to arrange, as a broker, the counterparties, and mechanics of payments. The DoBetter.club will only and solely act as a broker for its members. The DoBetter.club will be paid 10% of member’s winnings as a fee, with no charge paid by the loser.
The suggested terms of the bet are for periods of 30, 90, or 180 days. The stock market indices can be used for one of the stocks and either the absolute or percentage of price movement of the index can be the basis for the bet. Possible bets include APPL vs GOOG or these stocks vs 100% or 150% of the S&P500, or AMZN vs NIKE, or META vs 200% NVDA. It’s the job of the DoBetter.club to arrange for the counterparties and to manage whatever negotiation of terms are sought by the betting members. The more actively traded the member selected stocks, the easier it will be for the bet to be arranged. Bets will be restricted to stocks listed in the S&P500.
For more information contact us since we are seeking affiliations.
Arthur Lipper, Chairman arthurlipper@gmail.com
British Far East Holdings Ltd.