Binary Betting


5 0
I am new to spread betting and have few questions about binary betting. In the below scenario, could someone help with final profit /loss in 2nd and 4th points below?

All bets are assumed for £1 per point.

If the sell-buy price is 40 - 60 and the bet question is 'FTSE close up by 50 pts today?'

1) If I Buy at 60, and win bet: Profit = 100-60 = 40
2) If Buy at 60, and lose bet: ????
3) If Sell at 40, and win bet: Profit = 40-0 = 40
4) If Sell at 40, and lose bet: ???

Also, at the time of expiry for binary bet, will the bet automatically closed and profit / loss will go to my account OR do I need to manually close the bet? I am using IG index.


5 0
GFT UK is based in UK, but they are still not regulated by Gambling Commission for binary betting. Does it mean I should not do binary betting with GFT?
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