This bet pays if the market touches (just once !) a pre-determined trigger barrier. You would buy a one-touch bet if you believe the market will touch a given point at least once before the bet expires. In other words, a one-touch pays out, if at any time prior to expiration, the market touches or trades through the specified barrier.
Example: [Pays 100 if the FTSE touches X between today and date T]
One Touch Bet You would buy a one touch bet if you believe the market will touch a given point (sometimes referred to as the barrier or pre-determined barrier) at least once before the bet expires. In other words, a one touch pays out, if at any time prior to expiration, the market touches or trades through the specified barrier. One touch bets are less expensive, the farther the specified barrier is away from the market price. Click HERE for a flash tutorial of a one touch bet.
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 dont 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.
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