Fixed and Floating Odds Betting
Within financial floating odds the odds change for a given strike price as the price of the underlying changes. The floating odds company calculates odds for different strikes and how much can be won upon settlement depends on how much is bet at those odds.
Within financial fixed odds betting the odds are fixed, while the strike price where a win is achieved relative the current level changes. The fixed odds company will calculate how much has to be bet to win a certain amount upon settlement if the conditions of the prediction become true.
Read more about this topic: Financial Betting
Famous quotes containing the words fixed, floating, odds and/or betting:
“Traditionally, marriage involved a kind of bartering, rather than mutual inter-dependence or role sharing. Husbands financially and economically supported wives, while wives emotionally, psychologically and socially supported husbands. He brought home the bacon, she cooked it. He fixed the plumbing, she the psyche.”
—Bettina Arndt (20th century)
“Novels as dull as dishwater, with the grease of random sentiments floating on top.”
—Italo Calvino (1923–1985)
“A man can seldom—very, very, seldom—fight a winning fight against his training; the odds are too heavy.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“What is faith but a kind of betting or speculation after all? It should be, “I bet that my Redeemer liveth.””
—Samuel Butler (1835–1902)