Bet info

In a floating binary bet you "close out" by taking the equal and opposite side of your present bet.

For example, we may offer a price of 32-35 on "the FTSE to finish up at the end of the day". You think the FTSE will rise, so you Buy at 35 for £10 a point.

Later in the day, the FTSE has risen and we are now offering a price of 80-83. To close this bet out and take an early profit you would "Sell" at 80 points for the same stake i.e. £10 a point. Your profit on the bet would be:

(80 - 35) x £10 = £450

You cannot take early profits on a floating odds bet or any fixed bet.