How does fixed-odds betting work ?
Double Up and Double Down bets expire at the close of
business on the day of purchase of the bet. A Double Up bet pays
two times the stake if the market rises above a given level
between the time of purchase and the close of trading. A Double
Down bet pays two times the stake if the market drops below a
given level between the time of purchase and the close of
trading.
Note : during a 'fast market' (i.e. a
very large market move during the day), double up and double down
bets may be priced at less than two times the stake.
-
The "Double Up" Bet
Buy this bet to play a
market rise between now and the market close
today.
-
The "Double Down" Bet
Buy this bet to play a market drop between now and
the market close today.
Intraday Double Up and Double Down bets, on the
other hand, let you play a market move between two given
hourly times during the day. You will have the ability to
set the starting hour of the bet and the ending hour of the
bet, and you will win 2 times your stake (minus our small
commission) if the market follows your prediction.
-
The "Intraday Double Up" Bet
Buy this bet to play a market rise between two given
market times today.
-
The "Intraday Double Down" Bet
Buy this bet to play a market drop between two given
market times today
With "Expiry Bets", the payout
condition is based upon the value of a given index at the
close of business on a given day (the expiry day).
The available Expiry Bets are :
-
The "Bull/Bear" Bet
This bet lets you set a barrier level above or below
which the index must stand on the expiry date for you
to win the payout.
- The "Expiry Range" Bet
This bet lets you set two barrier levels, above *and*
below which the index must stand on the expiry date
for you to win the payout.
With "Boundary Bets", the payout condition is
based upon whether or not the index trades through
pre-determined barrier levels. The index only needs to
trade at the barrier level once - i.e. an intraday touching
of the barrier is sufficient to trigger the bet !
There are 5 types of "Boundary Bets" :
-
The "One Touch" Bet
This bet pays if the market touches (just once !) a
pre-determined trigger barrier.
-
The "No Touch" Bet
This bet pays if the market never touches a
pre-determined trigger barrier.
-
The "Range" Bet
This bet pays if the market never touches two
pre-determined trigger barriers (one downside barrier
and one upside barrier).
-
The "Double Touch" Bet
This bet pays if the market touches (at least once
each !) two pre-determined trigger barriers (one
downside barrier and one upside barrier).
-
The "Up or Down" Bet<
This bets pays if the market touches either of a
higher or a lower barrier.
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