Description of Bet Types on BetOnMarkets
Intraday Bets:
These bets last only a few hours and so they cannot be sold before expiry.
Double Up/Down
A bet that the market rises or falls between the time you place the bet and the end of the trading session.
Intraday Up/Down
Bet that the market rises or falls between two specific times in one trading day
e.g. I wish to win GBP50 if the Dow Jones Index is lower at 16h00GMT than at 17h00GMT today
Super Double
A double bet of the above. Excellent payouts (284%) but you must be correct twice to win. Similar to traditional "accumulator" bets.
e.g. I wish to win GBP50 if the price of GDAX Frankfurt at 13h30 is higher (strictly) than at 15h00 GMT and higher (strictly) at 15h00 GMT than at 15h20 GMT today
Expiry Bets:
Bull/Bear bet
This bet allows you to predict where a market will lie after a specific amount of time - between 2 days and 180 days from the day you place the bet
e.g.
I wish to win GBP50 if in 14 days time the GDAX Frankfurt is higher than 4393 (Bull bet)
I wish to win GBP50 if in 14 days time the GDAX Frankfurt is lower than 4393 (Bear bet)
Expiry Range
Like the Bull/Bear example although you can specify the range in which the market will lie when the bet expires.
e.g. I wish to win GBP50 if in 14 days time the GDAX Frankfurt is between (low) 4200 and (high) 4450
Boundary Bets:
Boundary bets allow you to bet on whether or not the specific market reaches a certain value. Early expiry of the bet occurs when the choosen level is "touched" and so this can be achieved through intraday movements and the bet will expire even if the level is not sustained for very long.
One Touch:
Profit if a market touches a given level within a set time period.
e.g. I wish to win GBP50 if at any time in the next 14 days the GDAX Frankfurt trades at or through 4437
No Touch:
Exactly opposite to the One Touch. The bet expires at zero if the market touches your chosen level. If the time elapses without the barrier being touched, the bet pays out the full amount.
Barrier Range:
This bet is like a double "No Touch" wager. The bet pays out if two barrier levels are never touched within the time frame of the bet.
e.g. I wish to win GBP50 if within the next 14 days the GDAX Frankfurt *never* touches nor trades through (low barrier) 4349 nor (high barrier) 4439.
Double Touch:
As the name suggests, this bet pays out if two specific levels are touched within your chosen time frame. The levels are above and below where the market is currently trading.
Up or Down:
With these bets you can cover the market moving in either direction. You specify a point below the current market price and a point above and if either is touched, the bet pays out in full.
"Fun Corner" - Run Bets and RB Jackpot:
In the Fun Corner you will find bets designed primarily for entertainment only. The bet types are:
The Run Bet - a series of bets that depend on the digits of various indices/currencies
The Run Bet Jackpot - a bet whose outcome depends on the participation of other players
The Platonic Bets - bets that depend simply on a random number
Not strictly to do with trading, these bets are simply random wins and are best avoided. There is no way of telling if you will win or not, it is simply down to luck. See BetOnMarkets for more details.
Public Orders:
In the Public Orders section you will find two types of contract:
- Contracts available for purchase and
- Contracts available for selling short
The bets which are available for purchase are from other BOM users who wish to dispose of their bets early.
If you keep an eye on this page you may occasionally buy a bet at a discount of the price which BOM is selling it for but generally there are rarely many contracts to trade here.
Next Page - BetOnMarkets Money Management...
|