| Buy: A bet that the result will be higher
than the higher end of the quote. |
| Sell: A bet that the result will be lower
than the lower end of the quote. |
| Spread: The difference between the quotations
for buying and selling. |
| Stake: The amount, in £s per point
- goal, stroke, run etc - nominated by the client to indicate
the size of the bet. |
| Volatility: A measure of how widely the
result in a market is likely to vary. Cricket runs are very
volatile, the winning score in the US Masters less so. |
| Open bet: A bet that has not yet been closed
or settled. |
| Closing a bet: Where you place a second
bet, of the same size and in the opposite direction to the
first, to close the open position. This establishes your profit
or loss and ensures that you have no financial involvement
in the remainder of an event, unless you have other bets open. |
| In-running: Betting on an event as it happens,
with the prices being updated constantly. Live prices are available
on our website, but also shown on Skytext (Sports) pages
365 and 385, plus in-vision pages on ITV and Ch4 for specific
live events. |
| Your choice: A two-sided contest where we
believe both have the same chance. You choose your favourite,
but must give your underdog a small start. Also commonly represented
as CH. |
| FSA: The Financial Services Authority, by
which all spread betting firms must be regulated. |
| Settling a bet |
| Make-up: The result on which a bet is settled.
The difference between this figure and the price at which a
bet is opened, multiplied by the stake, gives the profit or
loss. Also commonly represented as M/U. |
| Maximum and minimum make-up: Limits on the
result, specified by IG Index before the event. If the final
result exceeds these stipulated limits, they are used to settle
the bet. |
| Unlimited win: There is now no limit on
any bet's winnings for deposit account holders, although these
accounts still retain the protection of stop losses. |
Stop loss: A limit placed at the time of opening the bet on the maximum amount you can lose. This applies to all deposit accounts. See our market list of the most popular stop lossed. |
