Financial Betting Articles

Ahoy me hearties and avast ye as I regale ye with tales of the sea where grown men either hornswaggle some landlubbers or dance the Hempen Jig.

Ahem.

That'd be me sailing round the Isle of Wight then, this weekend. 1875 sailing vessels in all their resplendent glory whizzing - or otherwise - their way round the island this Saturday gone.

If I were a betting man - and I am - I would have taken any bet off any person that I wouldn't have got sea sickness. Never had motion sickness in my life. Result? Yours truly topping up the Solent at regular intervals throughout. Ho hum. Still it takes more than rough seas, nausea and imminent death to dampen my spirits.

Still, there was one moment in particular that seemed to sum up the experience for me. The wind was up and we were caught in heavy swirls. I had the spinnaker (that large, glorious, billowing sail at the front of the boat) under one arm as we were urgently trying to haul it in. Suddenly the boat got slammed by the wind and went over by a good 65 degrees, threatening the very afloatedness of the craft, lurching me near over the side and down into the water. At that point I had to be heavily heavingly sick. And at that point the captain of the crew decided to tell me in no uncertain and somewhat Chaucerian terms how keen he was for me to pass along the spinnaker to the rest of the crew. It was, in short, controlled pandemonium. All this was going on and all I could think was "Christ, this is fun."

It strikes me that you'd need a similar mind set to engage with the markets right now. Because they demand emergency action, plenty of people will be going under and they are definitely going to make a large number of us feel sick.

The solution? Just remember it was our choice to step off the safety of land and to set sail across choppy waters. The market range for the next twelve months? Force five to force twelve gales.

But don't forget. Christ, this is fun.

Take to the waves and ride out the storm at ChoiceOdds.com

Last week, NYMEX oil opened at $134.80 and closed at $140.21, a gain of $5.41 on the week

But that doesn't give you the true picture of how volatile NYMEX was. It hit a low of $131.95 on Wednesday and a high of $142.99 on Friday, giving a weekly range of $11.04

As you'd expect the Brent followed the same path, gaining $5.75 on the week on a range of $10.97

Due to all these big market moves, oil has now been officially classified as being more volatile than Andy Murray

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