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:
“... social evils are dangerously contagious. The fixed policy of persecution and injustice against a class of women who are weak and defenseless will be necessarily hurtful to the cause of all women.”
—Fannie Barrier Williams (1855–1944)
“People who treat other people as less than human must not be surprised when the bread they have cast on the waters comes floating back to them, poisoned.”
—James Baldwin (1924–1987)
“However great a man’s fear of life, suicide remains the courageous act, the clear- headed act of a mathematician. The suicide has judged by the laws of chance—so many odds against one that to live will be more miserable than to die. His sense of mathematics is greater than his sense of survival.”
—Graham Greene (1904–1991)
“Courtroom—A place where Jesus Christ and Judas Iscariot would be equals, with the betting odds in favor of Judas.”
—H.L. (Henry Lewis)