Buy this bet to play a market drop between now and the market close today. 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]
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».
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