An eachwaybet is a tiered bet offering a middle range where the bet settles at 50. Examples of eachwaybets would include:
A bet that gold will finish above $1,100 at the year end. If it does, then the bet settles at 100. If not, but gold is above $1,000 year end then the bet settles at 50, otherwise zero.
A bet that oil settles below $130 at the end of October. If it doesn’t but is in the range $130-$140 then it is still settled at 50, above $140 it settles at zero.
A bet that the annualised Consumer Price Index number for June is above 4.5%. If not, but the CPI is above 4.00% then the bet settles at 50, but if the CPI is below 4.00% the bet settles at zero.
Eachwaybets provide ...