With a binary bet, you bet that the market either to close up, or down for the particular time frame that you are betting on. For example, let’s say you think that the FTSE100 will close up on the day, at the time of placing your bet, the prices is 58-62. You put a £10 bet on that trade. If the market closes up, you stand to make, £10 times (100-62=38) £380. If the market closes lower, then you stand to lose £10 times 62. The bet basically settles at 0 if the market closes down.

 

A look back up bet is where the bet pays the difference between the strike price, and the best price, the highest, that the market reaches over the life of the bet. This is multiplied by the value per point that you bet. You can never lose more than your initial stake.

 

A look back down bet pays the difference between the strike price and the lowest price the markets call too over the life of the bet. Take this figure and multiply that by your bet, and you get to your payout. The bet locks in every point that the price falls so that the trader always gets the optimal payout.

 

A one touch bet, is a bet where you get a payout when at any time before your bet expires the asset price touches or goes past the strike price. If the asset price never touches the strike price, then you lose the stake.

 

A Multiplier bet is a bet where you win a multiple of your stake when the market is higher at the end of each of a number of time intervals than it was at the last.  A multiplier bet, can either be for an up or down market.

Binary Betting is an innovative way to bet on the market movements. Like its name implies, binary, being is either a 0 of a 1, so your bet is either right or wrong. If you make a bet, and the condition is met, the best settles at a 100, if not, you get 0.