Fast-moving MarketsBinary betting can bring even the dullest market to life. As you are betting on all-or-nothing propositions, swings in the underlying market are magnified in the binary price. But you always know when you place your bet the most you could win or lose. You bet a certain amount per point. Our price is quoted on an index between 0 and 100, and you can either buy or sell at that level. You buy if you think the event will occur: if it does, the bet is awarded 100 points; if it doesn't, it scores 0. For example, buying £2 per point at a level of 25 would mean you were risking £50 - so you have peace of mind knowing that this is the maximum you could lose. If the event occurs, the bet will score 100 points and you will make a profit of (100 - 25) x £2 = £150. (This is equivalent to a traditional fixed-odds bet at 3-1, as you will either win £150 or lose £50.) Because binary prices are quoted between 0 and 100, the price can be viewed as reflecting the percentage chance of the event occurring. A late market surge can make all the difference, and like spread betting you have the choice of closing your bet early or letting it run to expiry. |
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