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:
“The sky is silent too,
Hard as granite and as fixed as fate.”
—Philip Larkin (1922–1986)
“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)
“It makes no odds where a man goes or stays, if he is only about his business.”
—Henry David Thoreau (1817–1862)
“Courtroom—A place where Jesus Christ and Judas Iscariot would be equals, with the betting odds in favor of Judas.”
—H.L. (Henry Lewis)