Fixed odds bet

Yves22 · Nov 21, 2009, 10:04am

"I wish to win X if over the next 7 days the USD/JPY has a high-low range exceeding 2 points. For example, if the USD/JPY has a range of low=98.45 and high=100.98 over the next 7 days, I will win X (because high – low = 2.53 > 2)."

What fixed-odds product is this? Or is this a trading strategy? Binary option?

Thanks.

Masquerade · Nov 21, 2009, 10:10am

That's not 2 points...

98.45 - 100.98 = 253 points.

Yves22 · Nov 21, 2009, 10:33am

Cool! I looked at http://www.financial-spread-betting....ing-guide.html & I don't see the above in play. Appreciate some leads.

Masquerade · Nov 21, 2009, 10:41am

There's this site for betting on financial stuff. http://www.betonmarkets.com/ It seems one of the big well known sites has been bought by them.

Question is: if you're sure about the bet/think there's a good chance why would you lose value by taking a fixed odds bet?

Nov 21, 2009, 10:04am	#1
Yves22 Newbie Member Since Nov 2009 2 Posts	Fixed odds bet "I wish to win X if over the next 7 days the USD/JPY has a high-low range exceeding 2 points. For example, if the USD/JPY has a range of low=98.45 and high=100.98 over the next 7 days, I will win X (because high – low = 2.53 > 2)." What fixed-odds product is this? Or is this a trading strategy? Binary option? Thanks.

Nov 21, 2009, 10:10am	#2
Masquerade Legendary Member Member Since Nov 2007 2,549 Posts	Re: Fixed odds bet That's not 2 points... 98.45 - 100.98 = 253 points.

Nov 21, 2009, 10:33am	#3
Yves22 Newbie Member Since Nov 2009 2 Posts	Re: Fixed odds bet Cool! I looked at http://www.financial-spread-betting....ing-guide.html & I don't see the above in play. Appreciate some leads.

Nov 21, 2009, 10:41am	#4
Masquerade Legendary Member Member Since Nov 2007 2,549 Posts	Re: Fixed odds bet There's this site for betting on financial stuff. http://www.betonmarkets.com/ It seems one of the big well known sites has been bought by them. Question is: if you're sure about the bet/think there's a good chance why would you lose value by taking a fixed odds bet?

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