Glossary - Fixed Odds Financial Bet Types

BetOnMarkets

It was quite difficult to put together a glossary, as there is no fixed meaning for betting terms used by different brokers. Some of the terms are interchangeable, and some of them mean different things to different brokers. So, bearing this in mind we we'd put together a small glossary containing the more commonly agreed types of fixed odds financial bets on offer. Note: in the following explanations, the terms 'market', product' and 'instrument' ferefer to the same thing, i.e. the stock/index/or currency that you are betting on.

Double Bets

These are short term bets that usually cover an 'instrument's' or a 'products's' progress either up or down, in a timescale of a day or under. The 'flash bet' is one of the variations, and bets can literally be set to expire in minutes. A rather dodgy policy, but fun nevertheless - scalping to the extreme! A 'double' is the same thing, however it usually expires when the market closes at the end of the day - a bit more of a trade than a punt.

Expiry Bets

Expiry in simple terms means date defined, and in a way is quite similar to boundary bets. The difference between the two is that with expiry bets, the date is a more important factor than the level. Secondly, generally the final closing position of a product at the expiry is of paramount importance, whereas with boundary bets the predicted level of an instrument or products performance may only have to be reached once.

Expiry bets include Bull/Bear, Expiry Range, and Expiry Miss. All of these bets are mainly concerned with whether or not a market either goes up or down or hits a user defined point within a user defined time period. The main types of bets are to predict that either a product will hit be at a given point within the timescale, and stay there, or miss the user defined point.

Boundary Bets

These bets are put on when you think that product may hit a certain point within a timescale, but it won't necessarily stay there. An example of when this type of bet is used is after economic announcements, when things tend to go a bit hectic, but often settle down over the following days. Your product has hit it's given point, then drops, but, no problem, its hit it, it doesn't need to stay at that point, so you can collect your winnings.

A variation on this bet is the barrier range whereby you predict that the product will stay below one point and above another, and not hit them at all during the given timescale. To use these types of bets its wise to study a products' performance over time to enable you to discern patterns of movement - we're making it sound easy there, but if it was everyone would be at it! But with time, and a bit of research, money can be made this way.

We wish you the best of luck, and would appreciate any suggestions for improvement of our site by using the contact us page to let us know what you think. In the meantime, have a look at which broker meets your individual betting needs on our compare fixed odds broker page.