DoBetter Club membership is open to all adults in return for a payment of 10% of their winnings.
DoBetter Club members can bet an unlimited number of $200 units when placing a bet on which of 2 S&P 500 stocks may outperform in 30-, 90-, or 180-day periods.
Bets could be, for example, which of the stocks of Lockheed-Martin or Ford will do better by the end of the agreed betting period.
Bets can also be placed on whether Qualcomm will outperform the S&P 500 by the end of the agreed betting period. It is also possible that the counterparty provided by the DoBetter Club will propose that a premium to the actual level of the S&P 500 be used as the basis for performance measurement. Such premium could be 50% or 100% of the market measure.
DoBetter Club members will be fully paid on the day following the close of the betting period, less 10% of the winnings for the DoBetter Club’s fee for arranging and assuring the winner’s payments and for providing the necessary counterparty.
Those members using their information and judgement effectively by winning bets will enjoy extraordinary returns, while the loss of losers will be only the amount wagered.
Arthur Lipper, Chairman arthurlipper@gmail.com
British Far East Holdings Lt.
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