Basic bets: A simple way to trade
 Will your favourite markets be up or down in the next five minutes? What about in the next few hours, or by the end of the day? A Basic Bet is the simplest way to express your views on market movements.
A 'basic bet' is a type of binary bet, where you simply bet money on whether a market price will go up or down within a certain time frame that you choose.
Example bet: If you place a $5 wager that the price of OIL will be lower in the next 5 minutes and you are right, you win.
Place small or large bets
You can bet with play money for fun, or make a deposit and start placing real money bets to try and make a real profit.
The minimum bet amount is only £0.50, €0.50 or $0.50
The maximum bet amount is £10, €10 or $10
(If you are using play money, the maximum bet amout is ğ50 [50 'gnoos'] which is our virtual currency.)
The maximum amount you can lose is the value of the bet itself, and you can choose how much or how little you want to bet between the minimum and max bet amounts listed here. In the above example, for instance, the most you could lose is the $5 wager amount.
How much can I win?
The amount you can win depends upon your initial bet amount and whether you are playing with real money or with your play money account.
Example: Let's say you place a £10 real money bet that the price of the FTSE 100 index will go down in the next 30 minutes. After the 30 minutes have passed, if the price of FTSE 100 is indeed lower, your payout would be £17. This money would automatically appear in your real money balance.
When you bet that a market will be higher, the outcome is based on the buy price of that market. When you bet that a market will be lower, the outcome is based on the sell price of that market. If the time frame you set for a bet extends beyond the closing time for that market, the bet automatically closes when the market closes.
For information on the minimum and maximum bet sizes and how payouts are calculated, see the gnuTrade
Rules and Trading guide.
Account balance
When you place a basic bet, the bet amount moves from your account balance to your margin balance. If you win, your full bet amount returns to your account balance along with your profit.
Learn how to place a basic bet using the gnuTrade Trading Screen.
Learn about PerPoint Trading >>
Learn about Back a Player Bets >>
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Make your first deposit in your free trading account and get up to 20 binary bets for free >>
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