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View the Price Browser Browse high risk contracts only Browse low risk contracts only SMS - receive quotes and account information on demand Holds funds and place bets in XAD currency. One unit of XAD currency is equal to 0.1 grams of gold. BetOnMarkets.com offers fixed-odds betting on the following markets :
Stock Indices : Dow, Nasdaq, German DAX To profit from a calm market, purchase a Range bet or a No-Touch bet.
How are the Prices Calculated? One Touch Bet Example: [Pays 100 if the FTSE touches X between today and date T] No Touch Bet A no-touch bet is the opposite of the one-touch bet. You would buy a no-touch bet if you think the market will never reach a certain level within a specified range of time. Example: [Pays 100 if the FTSE does not touch X between today and date T] Bull Bet You would buy a bull bet if you believe the underlying security/index/currency pair will be higher than a certain level (also referred to as the barrier level) on the maturity date. Example: [Pays 100 if the FTSE closes higher than X on date T] Bear Bet You would buy a bear bet if you believe the underlying security/index/currency pair will be lower than a certain level (also referred to as the barrier level) on the maturity date. Example: [Pays 100 if the FTSE closes lower than X on date T] Expiry Range Bet You believe that the market will be between two distinct levels (high and low) on the expiry date. Example: [Pays 100 if the FTSE closes between X and Y on date T] Barrier Range Bet You believe that the market will never touch two pre-determined barrier levels (high and low) before or on the date the bet expires. In other words, when you buy a barrier range you will win only if the market never touches the two barrier levels you have chosen. Example: [Pays 100 if the FTSE never touches X and Y between today and date T] Double Touch Bet You believe that the market will touch two pre-determined barrier levels (high and low) before or on the date the bet expires. In other words, when you buy a barrier range you will win only if the market touches both of the two barrier levels you have chosen. Example: [Pays 100 if the FTSE touches both X and Y between today and date T] Up or Down Bet You win if the market touches either of two pre-determined barriers before or on the date the bet expires. Example: [Pays 100 if the FTSE touches either X or Y between today and date T] Double Up and Double Down Double Up Bet A Double Up bet pays two times the premium if the market rises above a given level between the time of purchase and the close of trading. It expires at the close of business on the day of purchase of the bet. Example: [Pays 100 if the FTSE closes above X between now and the close of trading today] Double Down Bet A Double Down Bet pays two times the premium if the market drops below a given level between the time of purchase and the close of trading. It expires at the close of business on the day of purchase of the bet. Example: [Pays 100 if the FTSE closes below X between now and the close of trading today] Intraday Double Up and Intraday Double Down Intraday Double Up Bet Buy this bet to play a market rise between two given hourly market times today. You will have the possibility to set the starting hour of the bet and the ending hour of the bet, and you will win double your stake if the market follows your prediction. Example: [Pays 100 if the FTSE rises between the starting time hour and the expiry hour] Intraday Double Down Bet Buy this bet to play a market drop between two given hourly market times today. You will have the possibility to set the starting hour of the bet and the ending hour of the bet, and you will win double your stake if the market follows your prediction. Example: [Pays 100 if the FTSE declines between the starting time hour and the expiry hour] Run Bets These fun bets are over in the space of less than a minute; so you can make money in seconds. Here, you have to guess the last decimal digit of say, the USD/JPY (predict 3rd decimal place) after 5 ticks.
Example: The Dow Jones index presently stands at 9260 points. You think the level of the index will continue to rise and will reach a level higher than 9300 within the next few days. So you price this bet: I wish to win "USD" "500" if in "7" days time, the "Dow Jones Index" is higher than 9300. After "calculating" the cost of the bet, our pricing engine returns you a price of USD240. (ie net potential winnings of USD500 minus USD240 = USD260) You are satisfied with these pricing terms and click on "Buy Bet". If, on the maturity date, the closing price of the index is greater than 9300 points you will receive a total payout of USD500. If the Dow Jones lingers on the original 9260 level and is quoted at 9270 on the maturity date, then you lose your stake of USD240 since this is lower than your target level of 9300. If the Dow Jones spikes to a 9350 level within two days of buying the bet but declines to the 9270 level on the expiry date, then you will still lose your USD240 stake. Note - Days to expiry are calculated as calendar days and not business days ie. A weekend counts when pricing a 7 day bet even though the NYSE is closed on Saturdays and Sundays. Our pricing system takes this in consideration when pricing bets.
Example: The USD/JPY is currently quoted at 119. You have a hunch that the USD/JPY is about to slip down to a level lower than 118.5 in the very near future. So you price this bet: I wish to win "USD" "1000" if in "10" days time, the "USD/JPY" is lower than 118.5. After inputting the required parameters and "calculating" the cost of the bet, our pricing engine returns you a price of USD460. You are satisfied with these pricing terms and click on "Buy Bet". If, on the expiry date, the USD/JPY closes lower than 118.5 you will win the bet and receive a total payout of USD1000. If your prediction proves wrong and the USD/JPY rallies (ie rises) to 120 instead of dropping on the expiry date, then you will lose your initial investment of USD460. Again, similarly as in the case of a bull bet if the USD/JPY falls to 117 within 7 days of buying the bet but is quoted at 119.5 on the closing day of the expiry date then you will still lose your bet. Note - In every foreign exchange transaction a trader is simultaneously buying one currency and selling another. These two currencies make up a currency pair. In the example above the foreign currency exchange rate of the dollar versus the yen was 119 i.e. USD/JPY = 119. If the USD/JPY slips to 118.5, then this means that the USD has lost ground to the JPY.
Example: Microsoft Stock is currently priced at 26.074. You believe Microsoft Stock will continue rising and will hit the 28 mark in the very near future. So you buy this bet: I wish to win "USD "200" if at any time within the next 15 days Microsoft Stock trades at or through 28. The purchase price of this contract is currently at USD64.8 translating into a USD135.2 profit potential (ie Total Payout: USD200 minus Cost of Contract: USD64.8) If Microsoft Stock passes through the 28 mark with a 29.5 high on the 8th day, then you instantly win the bet and this will be reflected in your account "portfolio"; in that the re-sale price of your bet will show its maximum payout value in the portfolio section. You don't have to wait until the expiry date in this case and can instantly claim the USD200 payout from your portfolio. If Microsoft Stock falls to 24 in the first few days whilst the bet is still running but hits exactly the 28 mark on the 15th day then you will still win your bet. You will only lose your stake if Microsoft Stock never touches or trades through the 28 level within this 15 day period.
Example: The EUR/USD is currently quoted at 1.16295. You believe that the EUR/USD will continue rising and will not hit the 1.15 level during the next 20 days. So you price this bet: I wish to win "GBP" "5000" if during the next "20" days, EUR/USD never touches 1.15. After inputting the parameters you click on the "Calculate Cost of this Bet" icon on the pricing page, which returns you a purchase price of GBP1930 (ie GBP5000 - GBP1930 = GBP3070 potential profits). You are satisfied with the risk-reward correlation ratio and finally decide to buy the bet by clicking on the "Buy this Bet" button. If, unexpectedly the Euro starts losing ground to the Dollar and slips down to 1.14 in 12 days time, then you lose your stake of GBP1930. On the other hand if the EUR/USD is at the 1.1509 mark on the close of trading of the 20th day, then you win your bet since 1.1509 is greater than 1.15.
Note: For Double Up's/Double's Down's and all other contracts - it's the quote on the exact expiry date or the quote just before the expiry date that counts. Double Up Bet The Double Up contract pays double the stake (premium) if you correctly predict that the market will move up (i.e the market will rally) by the end of the day. However, the odds factor is slightly less than 2:1 since we take a spread on the current market level. This spread constitutes our commission and is best explained by an example: Example: Suppose you input these parameters for a Double Up bet: I wish to win "USD" "500" if the "USD/JPY" rises between now and the close of trading today. After clicking on the "Calculate Cost of this Bet" button, the system returns this message: You wish to win USD500 if USD/Japanese Yen is higher than (or equal to) 118.46 at midnight (GMT) today. Warning Bet is priced against USD/Japanese Yen of 118.332 The cost of this bet is USD250, which, as expected is equal to half the potential payout (total winnings including stake) of $500 Clicking on the small icon "Warning" launches a pop-up window: "The difference between the current market level 118.332 and the barrier level 118.46 represents our company commission. The present value of the USD/JPY is actually lower than this, at 118.332, but we have added 0.128 points (118.46 - 118.332) to your target that the market must be above. This is where we earn our commission and is referred to as the "spread". In contrast, if you buy a double down contract you would find that the market would have to close below a target that is slightly below the present value of the market. (see example below for Double Down) Double Down Bet A Double Down Bet is the opposite of the Double Up Bet. A Double Down contract pays double the stake (premium) if you correctly predict that the market will move down (i.e. market drop) by the end of the day. Again, this is best explained by quoting an example. Example: Suppose that you think the FTSE market will go down this afternoon; you believe that Wall Street is going to open lower, which will bring the UK market down so you buy this bet: YOU wish to win GBP500 if FTSE Index is lower than (or equal to) 4217 at the close of trading today.Warning Clicking on the small icon "Warning" launches a pop-up window: "The difference between the current market level 4223.5 and the barrier level 4217 represents our company commission." The cost of this bet is GBP250, which, as expected is equal to half the potential payout (total winnings including stake) of GBP500. The current level of the Footsie 100, at 4223.5 is actually higher than our target level of 4217, but we have added 6.5 points (4223.5-4217) to your target that the market must be lower. Again, this represents our commission and is referred to as the "spread".
Intraday Double Up Bet Buy this bet to play a market rise between two given market times today. Example: Suppose you buy this intraday double up bet for USD52: I wish to win "USD" "100" if the "USD/JPY" is lower at 16h00GMT than at 17h00GMT. The current time is 15h04GMT; so this bet has not yet started running. The actual start will be 16h00GMT and it's the market levels of the USD/JPY at 16h00GMT and 17h00GMT that apply here. In other words, these bets don't start running at the instant they are bought but on the actual start times specified in the contract. In this example you are betting that the USD/JPY will be higher at 17h00GMT than at 16h00GMT i.e. you are betting on a market rise. If the market level of the USD/JPY at 16h00GMT is 118.732 and its 118.412 at 17h00GMT i.e. the market has fallen instead of rising, then you will lose this bet and your portfolio will show a payout value of zero. On the other hand if the market level of the USD/JPY is at 118.7 at 16h00GMT and its 118.73 at 17h00GMT, then you will win this bet and you can claim your payout of USD100 by going to your portfolio. If you are really unfortunate and the market level at 16h00GMT is the same as at 17h00GMT; then you will lose your proposition. (i.e. bet) Intraday Double Down Bet Buy this bet to play a market drop between two given market times today. Example: You wish to play a 10 minute index intraday double down bet. You log onto your account, click on "Intraday Down" on the left hand side menu and "switch" the market type to indices. Since you wish to play a 10-minute bet you click on the link "Switch to 10 minute Intervals" on the pricing page. Assuming that the current time is 16h33GMT you price this bet; I wish to win "USD" 1000 if the "Nasdaq Index" is "higher" at 16h40GMT than at 16h50GMT. The pricing system returns you a price of USD520 and you click on "Buy this Bet". Here, you are speculating that the Nasdaq Index will decline from the time the bet starts running ie 16h40GMT to 10 minutes later ie 16h50GMT. If the market level of the Nasdaq at 16h40GMT is quoted at 1663.26 points while the 16h50GMT value is 1662.92 then you will win the bet and your portfolio will return a payout of USD1000. ie a net profit of USD1000 - USD520 = USD480. Again, as in the case of an intraday double up, if the market level at 16h40GMT is the same, as at 16h50GMT then you will lose your proposition. Notes You cannot sell an intraday contract before expiry; i.e. the bet will only be settled as a win or lose. You have to buy an intraday bet at least 10 minutes before the actual running (start) of the bet. You cannot buy an intraday contract in the last 180 minutes of a trading day for forex. You cannot buy an intraday contract in the last 90 minutes of a trading day for stocks Note II: - Commission on the intraday plays: the commission on the intraday doubles is fixed at 2% of the payout. Note III: - Settling Criteria: For Intraday Double Up's and Intraday Double Down's, it's the quote on the exact expiry time or the quote just after the expiry time that counts as the final quote. This is unlike our policy for Double Up's/Double's Down's and all other contracts - where it's the quote on the exact expiry date or the quote just before the expiry date that counts. For example, for an intraday up bet expiring at 12:00 GMT; if the price at 11h59:50s is 100.00 and the next tick is 100.21 at 12h00:26s, then the 12h00 hourly price is considered to be 100.21. Note IV: - A Gold/USD intraday bet can only be bought for a minimum duration (running time) of 30 minutes. (i.e. 10 minute bets are not available for Gold/USD) Note V: - For forex currency pairs, the minimum running time of an intraday bet is 10 minutes except for the currencies on which not all products are offered. For the latter the minimum is 30 minutes. This means that you can buy a 10-minute bet on the USD/JPY (since you can place a one-touch, no-touch, bull or bear bet...etc on the USD/JPY) but you cannot buy the same 10-minute bet on the British Pound/JPY. (since you can't buy a one-touch, no-touch, bull or bear bet...etc on the British Pound/JPY) These terms also apply for UK and US stocks. Thereby, you can buy a 10 minute bet on Microsoft, but not on Cisco stock. Note VI: - When an intraday bet expires the portfolio section might take a few minutes to update the payout. This is normal and is because the hourly data files are created only on the main feed servers and then copied to all the other servers. i.e. this is due to the synchronization between the servers to prevent bets settling incorrectly.
The Super Double contract is a bet on the movement of a market between three given times in the trading day. For example, you might bet that the market rises between 9h00 and 10h00, and then rises again between 10h00 and 11h00. If you are correct, the bet will return a total payout of approximately 4 times your money. You also have the option of reversing the bet by selecting 'unless' instead of 'if' in the bet wording, and in such case you would win if the market follows any path except the one selected. The total returned payout (including stake) in this case would amount to approximately 1.33 times your stake. Example 1: Suppose you price this bet: I wish to win [USD] [500] if the price of the [USD/Japanese Yen] at [14:00] is [lower (strictly)] than at [14:20] which is [lower (strictly)] than at [14:40]. The current GMT time is now 13:27:50 GMT. You wish to win USD500 if USD/Japanese Yen is lower (strictly) at 14h00 GMT than at 14h20 GMT and lower (strictly) at 14h20 GMT than at 14h40 GMT today. That is to say that you are betting that the USD/Japanese Yen will keep rising between these times. Bet is priced against USD/Japanese Yen of 109.118. Let's say the USD/JPY was quoted at 109.20 at 14h00 GMT, 109.30 at 14h20 GMT and 109.40 at 14h40 GMT. Bingo! You win and receive a payout of USD500 i.e. Net Winnings = USD500 (total payout) - USD127.5 (cost of bet) = USD372.5 Let's say the USD/JPY was quoted at 109.20 at 14h00 GMT, 109.30 at 14h20 GMT and 109.25 at 14h40 GMT. Sorry, no win here. Why? Because the USD/JPY was higher at 14h20 GMT than at 14h40 GMT (i.e. the USD/JPY has fallen instead of risen) Let's say the USD/JPY was quoted at 109.20 at 14h00 GMT, 109.10 at 14h20 GMT and 109.30 at 14h40 GMT. Sorry, no win here. Why? Because the USD/JPY was higher at 14h00 GMT than at 14h20 GMT. Let's say the USD/JPY was quoted at 109.20 at 14h00 GMT, 109.10 at 14h20 GMT and 109 at 14h40 GMT. Sorry, no win here. Why? Because you are betting on a market rise (rally) not a market fall. Let's say the USD/JPY was quoted at 109.20 at 14h00 GMT, 109.30 at 14h20 GMT and 109.30 at 14h40 GMT. Sorry, no win here. Why? Because the USD/JPY market level at 14h20 GMT was equal to the market level at 14h40 GMT. The terms are clear. You will only win strictly if the USD/Japanese Yen is lower at 14h00 GMT than at 14h20 GMT and lower at 14h20 GMT than at 14h40 GMT.
Suppose you price this bet. I wish to win [GBP500] unless the price of the [FTSE Index] at [14:20] is [lower or equal] than at [14:30} which is [higher or equal] than at [14:40]. The current GMT time is now 14h09GMT. YOU wish to win GBP500 unless the FTSE Index is lower (or equal) at 14h20 GMT than at 14h30 GMT and higher (or equal) at 14h30 GMT than at 14h40 GMT today. Here you are betting AGAINST the FTSE being: lower or equal at 14h20 GMT than at 14h30 GMT and i.e. you will only lose if the FTSE is lower or equal at 14h20 GMT than at 14h30 GMT and it being higher or equal at 14h30 GMT than at 14h40 GMT. In other words, you will only lose if the market first rises and then falls between these consecutive times. Case Scenarios: Let's say the FTSE was quoted at 4282 at 14h20 GMT, 4285 at 14h30 GMT and 4290 at 14h40 GMT. You win since the Footsie has risen continually between these times. Net Winnings = GBP500 (total payout) - GBP382.5 (cost of bet) = GBP117.5 Let's say the FTSE was quoted at 4282 at 14h20 GMT, 4280 at 14h30 GMT GMT and 4270 at 14h40 GMT. Bingo! You win since the Footsie has first fallen and then continued to fall (you would have lost only if the Footsie had first risen and then fallen). Net Winnings = USD500 (total payout) - USD382.5 (cost of bet) = USD117.5 Let's say the FTSE was quoted at 4282 at 14h20 GMT, 4280 at 14h30 GMT GMT and 4290 at 14h40 GMT. Bingo! You win since the Footsie has first fallen and then risen (you would have lost only if the Footsie had first risen and then fallen). Net Winnings = USD500 (total payout) - USD382.5 (cost of bet) = USD117.5 Let's say the FTSE was quoted at 4282 at 14h20 GMT, 4285 at 14h30 GMT GMT and 4280 at 14h40 GMT. Sorry, you've lost since the Footsie has first risen and then fallen. Please note that had the FTSE been quoted at 4282 at 14h20 GMT, 4282 at 14h30 GMT and 4280 at 14h40 GMT you would also have lost since you lose if the Footsie is equal at 14h20 GMT than at 14h30 GMT.
Example: Suppose its Tuesday June 24th 2003, Microsoft Stock is presently trading at $25.96 and you anticipate that Microsoft Stock will remain stable between two limits: $24 (low) and $27 (high). You log onto your account; click on "Barrier Range" on the lower middle left hand side of the screen and select "US Stocks" as the market to display from the middle left hand side drop-down menu. (Under "Markets"). After inputting these parameters in our dealing system it returns this message: I wish to win "USD" "500" if during the next "14" days "Microsoft Stock" *never* touches nor trades through (low barrier) 24 nor (high barrier) 27. YOU wish to win USD500 if Microsoft stock stays between 24 and 27 at all times between now and 8-Jul-03 (inclusive) The cost of this bet is USD227.3 which means that your potential profits are USD272.7. [ie USD500 (Total Payout) minus USD227.3 (Cost of Contract) = USD45.4] If Microsoft Stock climbs to $28 on June 28th, then you lose your stake of USD227.3 since $28 is higher than your upper barrier of $27. If Microsoft Stock falls to $23.9 on July 7th, then you lose your stake of USD227.3 since $23.9 is lower than your lower barrier of $24. You will win only if Microsoft Stock always remains between your lower and upper barrier levels for each of the running days until the final expiry date. Note I: - Days to expiry are counted as calendar days and not business days. In other ways weekends count and our dealing systems takes account of this when pricing bets. The above bet was purchased on June 24th to expire in 14 days' time; July 8th. So the days included are 24, 25, 26, 27, 28, 29, 30, from June and 1, 2, 3, 4, 5, 6, 7, and 8 from July. As you can see these are 15 and not 14 days and this is because the bet was not purchased exactly at the opening of the trading day on 24th June but a few hours later and this is taken into account by including part of 8th July.
Example - Double Touch Bet You anticipate that the Nasdaq currently trading at 2050 will get worse before it improves. Nasdaq now: 2050 You think: Nasdaq will drop to 2000 before rising to 2080 in 20 days time. Sample Bet: Buy a 20 day Double Touch bet with 2000 and 2080 low and high barrier levels (respectively) and a $2000 payout for $450 (Potential Profits of $1550). Profitable Scenario - Touched both barriers prior to expiry, therefore this bet is profitable. Unprofitable Scenario - Touched one barrier or never touched either barrier, therefore no payoff at expiry.
There are three types of Run Bets: The 'Up/Down' run bet With this run bet you stand the chance of doubling your stake (money at risk) if you predict whether the market will move UP or DOWN after 5 ticks. Example: Let's assume you make a bet of USD20 that the 5th tick of say, the British Pound/Japanese Yen will be higher than the first tick. So, you select [USD20] as the amount you wish to bet from the drop-down menu on the run bets page, choose [British Pound/Japanese] as the market and ["UP"] as the market direction. You click on "Go" and here we go: The game is started ! Your account has been debited by USD 20. You have bet that the 5th tick will be HIGHER than the entry tick .
. . The price after 5 ticks was 186.338, the entry price was 186.331, and your forecast was that the market price after 5 ticks will be HIGHER than the entry price. You've won since 186.338 is higher than 186.331 and your account is credited with USD 38 [i.e. an amount equivalent to double your stake of USD20 (USD40) less our 5% commission on the total potential payout of USD40 (the commission amounts to USD2 in this case)]. If the last tick was 186.324 you would have lost your stake of USD20 since 186.324 is less than 186.331 and you are betting that the last tick will be higher than the entry tick. Notes: Note I: - You can play the 'Up/Down' run bet on either the GBP/JPY or the GBP/JPY. Both will quote to 3 decimal places. (i.e. in the format 119.577..) Note II: - The minimum stake is 1 unit while the maximum is 20 units. [(i.e. either USD, GBP, EUR or XAD (Gold Currency)] Note III: - If your internet connection is behind a proxy server, the run bets may not work properly (the output may appear all at once, instead of as a stream). This does not however affect the fairness of the game. Note IV: - When you play the run bets, you can be assured that the game is truly random. The run bets use the same market feed as the one used to settle all other contracts. We have no interest in manipulating the quotes because a commission is built in the run bet. Note V: - To see the tick-by-tick historical data: Go to Betonmarkets.com log onto your account, click on "Charting" (top
menu) and then select "Charts" Note VI: - You can play up to 75 run bets on any one trading day. Example: Let's assume you make a bet of $1 that the 5th tick will have a last decimal digit of '5'. You have bet that the 5th tick will have a last decimal digit of '5'. Note: the USD/Japanese Yen will quote to 3 decimal places. Please await the market ticks . . . The last decimal digit of the 5th tick is '3'; your forecast was '5'. In this case, you've lost this bet; so you've lost $1. In case of a win you would get back $9.7 back in total - thus a profit of $8.7 (i.e. $9.7 less $1 stake) Notes: Note II: - The minimum stake is 1 unit while the maximum is 10 units. [unit; ie either USD or GBP or EUR] Note III: - If your internet connection is behind a proxy server, the run bets may not work properly (the output may appear all at once, instead of as a stream). This does not however affect the fairness of the game. Note IV: - When you play the run bets, you can be assured that the game is truly random. The run bets use the same market feed as the one used to settle all other contracts. We have no interest in manipulating the quotes because a commission is built in the run bet. Note V: - To see the tick-by-tick historical data:
For the "Quick 10%" bet: Make a 10% profit if you can predict what the last decimal digit of the 5th tick will *not* be Example: Let's assume you make a bet of $10 that the 5th tick of the USD/JPY will not have a last decimal digit of '6'. The game is started! Your account has been debited by USD10 You have bet that the 5th tick will not have a last decimal digit of '6'. Note: the USD/Japanese Yen will quote to 3 decimal places. Please await the market ticks . . . The last decimal digit of the 5th tick '5'; your forecast was '6'. Since you've won your account will be credited with $11; thus returning a profit of $1 Notes: Note II: - If your internet connection is behind a proxy server, the run bets may not work properly (the output may appear all at once, instead of as a stream). This does not however affect the fairness of the game. Note III: - The minimum stake is 10 unit while the maximum is 100 units. [unit; ie either USD or GBP or EUR] Note IV: - When you play the run bets, you can be assured that the game is truly random. The run bets use the same market feed as the one used to settle all other contracts. We have no interest in manipulating the quotes because a commission is built in the run bet. Note V: - To see the tick-by-tick historical data: Go to http://www.Betonmarkets.com, log onto your account, click on "Charting" (top menu) and then select "Charts" Go to http://www.Betonmarkets.com, log onto your account, click on "Charting" (top
menu) and then select "Charts" Limit Orders are orders to buy a bet at or below a specified price. Buying a limit order allows you to place a buy order at a price (referred to as the limit price) defined by you; a price, which must be lower than the one currently offered by our pricing engine. Buy limit orders functionality is only available in "Advanced Mode" (i.e. mode at which a number of advanced functions are available). You can switch to "Advanced Mode" by logging into your account and clicking on the "Switch to Advanced Mode" link (under "Betting") on the screen that follows the login in form. To use the automated buying system simply price a contract as per normal. That is, choose the contract type, set the date, win amount and values and then hit "Calculate Cost of this Bet". However you will now notice that below the "Buy this bet!" box that appears there is another data entry space offering you the opportunity to enter a "Limit Price". If you would prefer to buy the contract at a lower market price than the one you are offered you can enter this new value in the data field and hit the "Limit Order" button. The system now stores your open order with any other orders you may have open in the "Orders" section. Thus, a limit order allows you to place an order to "buy" (i.e. execute) a contract at a future date at the limit price if the market price matches your limit price. 'Limit loss' price orders are orders to sell a particular bet at a price below the current market price (i.e. lower than the re-sale price value of a bet in the portfolio section and used to limit losses). 'Take profit' price orders are orders to sell a bet at a price higher than the current market price (i.e. higher than the re-sale price value of a particular bet in the portfolio section and used to pick profits before the final settlement date. The paragraph which follows described how you can setup 'limit loss' price orders and 'take profit' price orders. Access the Portfolio page where all of your open positions are shown. In order to enter a 'limit loss' or 'take profit' price, just click on the orders icon beneath the contract description and enter your preferred sale price in the data field provided. These orders must be placed within the possible range shown on screen. Orders that remain unexecuted after 3 days of placing will be automatically cancelled by the system. You can also cancel orders manually at no charge if they have not yet been executed. You can do this by clicking on "Orders" on the left hand side of the screen (under "User Options"). Here you will find all your "Open Orders". Clicking on the "Go" red icon on the right hand side of an order will cancel that order. Notes: Note 1: You can set 'limit loss'/ 'take profit' price orders (not limit orders to buy bets at lower than market prices though) when the market is closed but the orders will not be executed until the market re-opens. Note 2: A buy limit order can only be executed at the limit price or lower. In other words, the limit order must be lower than the present purchase price of a bet for the order to be accepted. Note 3: There is no guarantee that the limit loss/take profit orders will be executed at the entered price. When the limit is hit, the contract will be sold at the prevailing market price, which could be (usually slightly) higher or lower than the limit. Note 4: Your open orders (except for LLO, Limit Loss Orders) appear on the Public Open Orders page and may be filled by matching orders from other customers. You cannot set market orders for intraday bets (lifetime of 1 trading day) or for hourly bets.
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