Financial Betting Types

Financial betting is fast becoming a popular instrument in the financial market. It provides two basic variants of trading, the fixed odds and the floating odds. Though betting or trading in any form is not free from risk, the option of fixed odds provides the trader with the knowledge of the potential gain and loss and therefore the chance to improvise his bets accordingly. Also the fixed odds type of financial betting provides the traders a variety of bets some of which are as follows:

Double bets: double bets are further divided into four types:

1. Flash bets: this type of bet provides the trader the benefit of making money from the market from instant price movements in the market. The payouts are made in case the market falls or rises as per the bets placed during the tenure of the bet which could be from 30 seconds to 5 minutes.
2. Intraday bet: an intraday bet allows the traders to bet on a market between two times in a particular day. This implies that the payout is received when the market falls or rises and as per the bet placed between the said two times.
3. Double bet: this bet allows the traders to bet on the market whose settlement time is the close of the trading at the set expiry date. This expiry date can be the close of the day or up to a week. An accurate bet ensures the trader a payout which is double the amount of the initial stake placed.
4. Super double bet: the bet of this type is for the movement of the market in either direction, that is high or low for four provided times in the day. This means that a trader could bet that the market would rise between 10h00 and 11h00 and then again rise between 13h00 and 14h00. If the bets are accurate, then the trader receives a payout to the tune of four times the initial stake.

Expiry bets: these are further divided into three types:

1. Bull/bear bets: this type of bet offers the traders the opportunity to bet in a market where it is expected that the market would breach a certain level either ways, at a chosen date in the future. This future date can be from a week to six months ahead. The payout in this case is made if the market is above or below the level preferred.
2. Expiry range bet: under this bet, the trader can bet between a certain range levels at a chosen date. If on the settlement date the, market is above the lower target level and below the upper level, the payout is made.
3. Expiry miss bet: this bet type enables the traders to bet between two target levels at a given date. Depending on the market, the date chosen can be from 5 days to 360 days. The payout is made in case the market settles below the lower target level or above the higher target level that is when the target level is missed. 

Besides there are other bets like runbets and the boundary bets which is further divided into one touch, no touch, double touch, barrier range and up or down bet.