Double Up and Double Down bets expire at the close of business on the day of purchase of the 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. 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. Double Up contracts are in fact "Intraday" Bull contracts and Double Down contracts are "Intraday" Bear contracts.
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