By Kokileswar Bhattacharyya
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Extra info for An Introduction to Adwaita Philosophy
If the Wall Street index of leading US shares was trading at 11240, and you thought that at worst it would fall by less than 150 points during the next four days, you could create a No-Touch Bet specifying that the index wouldn’t hit 11090. Creating a No-Touch Bet Creating a No-Touch Bet is easy. qxp 9/25/08 3:34 PM Page 28 28 of the screen. Doing so brings up the betting page ready for you to specify the details of the trade that you want to make. Select the market that you want to bet on – say, the Wall Street index of leading US shares.
Simply click in the Market Type box and specify Stock Index from the drop-down list of available options, and set the Market to Wall Street. You can place a No-Touch Bet on any of the major currencies, stock market indices, or large individual UK or US company share prices. Just use the Market Type and then the Market drop-down boxes to make your choice. Remember that you can only place bets when the underlying market is actually open. Make sure that the Currency box matches the currency that you used to deposit the funds in your account.
How long? Now you need to specify how long you want the bet to last. With a No-Touch Bet any timeframe from 3 to 30 days. As markets always move around, the longer the period you choose, the lower the odds that the index will never hit your boundary. This means that longer term No-Touches are cheaper and have a higher potential return. You have a positive outlook on the US stock market. 24 to win £100 on the basis that it won’t touch 11090 at any point before your bet expires – you choose a timeframe of four days.