If the DoBetter Club was operational, bets between members, as arranged by the Club could bet: Will the stock price of X close at the end of the next 30, 90, 180 days, at better than that of Y? Examples, with Club members taking either side of the bet, could be:
Amazon vs Apple … Boeing vs Lockheed … Ford vs General Motors … any stock in the S&P 500 vs the S&P 500 … any stock recently recommended by an advisor vs the 200% of the price performance of a selected index … an agreed performance percentage of any stock or market index vs any other stock or index … the price performance of gold or a U.S. Treasury bond vs the S&P 500 … etc.
There are no securities transactions or use of credit. The Club arranges the bets, as a broker, for wagering counterparties. Payments of winnings are available on the day following the close of the betting period. The only fee charged Club members is 10% of the winning bettor’s winnings. Members agree as to the period of the bet. The standard betting unit is US$200, and the necessary amount of funds must be in each of the member’s accounts before there can be a transaction. Members may engage in as many transactions as funding and availability of counterparties permit.
Club members will be able to access Perspective II, a proprietary relative statistical data service regarding the stocks and indices provided to members of the Club. Club members’ decisions as to bet initiation and acceptance of bets will be solely based on the research, knowledge, judgment, and serendipity of the members, as the Club will not make any recommendations.
Relative Performance Stock Betting will result in half of the DoBetter Club members that participate in any bet winning and receiving a high return on the amount of the bet risked in the period of the bet, net of the 10% of winnings fee paid to the Club, and the counterparty members losing all of their bet. It is also believed that if well managed and marketed the operator of the Club will earn a very large profit.
Arthur Lipper, Chairman arthurlipper@gmail.com
British Far East Holdings Ltd.