All Forums | Investments

Betting on the DJI for the first time....

Participants:
Search
Views: 1264
Posts: 25
 
Veteran
Participation Meter
Joined: Sep, 2010
Posts: 1294
Posted: #1
I guess I'm betting on the government failing......

I put $500 on the DJI going down on Monday.  I got between +370 and +400.  

It's a total shot in the dark for myself

$500 wins $1910
 
Veteran
Participation Meter
Joined: Sep, 2010
Posts: 1294
Posted: #2
https://www.google.com/finance/historical?q=INDEXDJX:.DJI

Wager is for 8/1/2011
 
Banned
Participation Meter
Joined: Nov, 2009
Posts: 10748
Posted: #3
I bet through a local, otherwise I would be all over these prop bets. 
 
Veteran
Participation Meter
Joined: Sep, 2010
Posts: 1294
Posted: #4
Tough start to the market.....
 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 58463
Posted: #5
Looks good now..

ISM came in and rescued you.

 
Veteran
Participation Meter
Joined: Sep, 2010
Posts: 1294
Posted: #6
Quote Originally Posted by wallstreetcappers:

Looks good now..

ISM came in and rescued you.



Why was the market expected to go up today?

 5Dimes had it at -600 something I believe.  It had gone down 5 straight days last week and I looked at the history of the index and I was failing to find any days it closed ahead on Monday (or on the first Monday of the month).
 
Veteran
Participation Meter
Joined: Sep, 2010
Posts: 1294
Posted: #7
As I said, this wager was just a shot in the dark because I don't invest in the market and I don't really follow much (or any) financial/political news. 
 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 58463
Posted: #8
The market started up over 100 pts off the debt ceiling issue passing. The ISM report number came in and killed the market.

 
Veteran
Participation Meter
Joined: Sep, 2010
Posts: 1294
Posted: #9
https://www.marketwatch.com/story/us-stock-indexes-rise-on-debt-deal-2011-08-01

https://blogs.marketwatch.com/thetell/2011/08/01/mondays-reversal-a-rare-occurence/


 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 58463
Posted: #10
It isnt over yet..they could reverse her again before the end of the day.


 
Veteran
Participation Meter
Joined: Sep, 2010
Posts: 1294
Posted: #11
wallstreetcappers, you don't need to tell me that.    Lost many of wagers when I thought they could be in the book.
 
Veteran
Participation Meter
Joined: Sep, 2010
Posts: 1294
Posted: #12
looks like the rally is coming
 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 58463
Posted: #13
The selling has dried up, I am not sure there is enough pep to overcome that horrible ISM number.

 
Veteran
Participation Meter
Joined: Sep, 2010
Posts: 1294
Posted: #14
Back below a 100 points again
 
Veteran
Participation Meter
Joined: Sep, 2010
Posts: 1294
Posted: #15
Looks like another rally.... They have an hour to get 70 pts
 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 58463
Posted: #16
Hold on tight, its only down 40.

What a manipulated piece of crap.
 
Veteran
Participation Meter
Joined: Jan, 2007
Posts: 2362
Posted: #17
+400 after 6 days of losses? Nice bet, GL.
 
Veteran
Participation Meter
Joined: Jan, 2007
Posts: 2362
Posted: #18
Down the stretch they come! 
 
Veteran
Participation Meter
Joined: Sep, 2010
Posts: 1294
Posted: #19
Looks like it's going to end up for the day
 
Veteran
Participation Meter
Joined: Sep, 2010
Posts: 1294
Posted: #20
It's a fix.....hahaha
 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 58463
Posted: #21
Yeah this market is totally fixed, you could still get it in though.
 
Veteran
Participation Meter
Joined: Sep, 2010
Posts: 1294
Posted: #22
Well it was worth a shot. They pulled it out in the last half hour it looks like
 
Covers Linesmen
Participation Meter
Joined: Feb, 2003
Posts: 58463
Posted: #23
Still with a chance..
 
Veteran
Participation Meter
Joined: Sep, 2010
Posts: 1294
Posted: #24
Closes down 12 pts or so
 
 
Veteran
Participation Meter
Joined: Sep, 2010
Posts: 1294
Posted: #25
I was paid out as well.... No issues.
All Forums | Investments
About Us
Contact Us
Careers
Our Team
Brand
Testimonials
Betting Guides
Sportsbook Reviews
Betting News
Podcasts
Responsible Gambling
Betting Sites
US Betting Sites
Canada Betting Sites
Canada Casinos
Best Betting Apps
Contests
Streak Survivor
King of Covers
Office Pools
The Covers community has
810,221
lifetime members worldwide
Covers 30 Years Logo Established in 1995,
Covers is the world
leader in sports
betting information.
21+
Gambling problem? Call 1-800-GAMBLER
Help Privacy Privacy Choices Terms of Service Cookies Sitemap Forum
Covers is verified safe by:
Evalon Logo Logo GPWA Logo GDPR logo Logo GeoTrust logo Logo
Covers Logo
Copyright © 1995 - 2026 Genius Sports. All Rights Reserved.
If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.