Website Tutorial - Part 4

How to bet (3 steps)

About Us

Flexihedge is a betting exchange focused solely on financial markets.

Betting is in GBP (pound sterling) only. The exchange is open 24/7.

Flexihedge is licensed and regulated in the UK by the Gambling Commission.

Player deposits are held in a segregated player funds bank account by an independently administered third party corporate trust. This achieves the best player funds protection rating possible from the Gambling Commission: High.

To register with us you must be at least 18 years old and based in the UK.

Flexihedge in a nutshell

You can back as well as lay odds across a pre-set range of:

1. Markets.

2. Price Levels (or 'Strikes').

3. Bet Expiry Dates (or 'Expiries').

Expiry Dates are daily, from Monday to Friday this week, and Friday next week.

Expiry Dates correspond to daily closing values.

Bet in 3 steps

To place a bet on the exchange there are just 3 steps:

Step 1: Select market

Step 2: Select grid cell

Step 3: Select bet

Step 1 - Select market

Select the market you want to bet on e.g. Apple.

Use the search tool at the top of the page.

You can either use the point and click pop-up, or if you are using a desktop PC you can also type the name in the search bar.

Step 1 - Select market (continued)

If you are typing, we operate a 3-tier shortcut identifier for speed navigation.

Tier 1 - asset class: CMD, FX, EQ, IND, ALT, VOL.

Tier 2 - region: GB, US, etc.

Tier 3 - market name: e.g. apple.

This enables instant search by asset class or region e.g. EQ will just show the equities available on the exchange, while GB will show just UK markets.

Step 1 - Select market - screen view (single asset grid)On the Single Asset grid, just click on the market search box to trigger the market selection pop-up box.

The pop-up box has a list of all the available markets to bet on. (We are constantly updating this based on customer feedback).

Then chose your market out of the list that appears.

To make the pop-up box disappear, just click on the search box again.

Step 1 - Select market - screen view (multi asset grid)On the Multi Asset grid, at the top of each section, the market name box is on the left and the expiry date dropdown is on the right.

To select a market, first click on the market name box.

This will trigger the market selection pop-up box.

Then chose your market out of the list that appears.

Step 2 - Select grid cell

Select your preferred cell/s within the grid i.e. the expiry date and strike.

For each expiry and strike on the grid, there is a unique cell depending on whether you want to: a) Back or Lay and; b) bet Above or Below.

You can click on as many cells on the grid as you like.

Each time you click on a grid cell it will remain highlighted and a small pop-up above the "Bets" button will appear, notifying you of bets to confirm.

Step 2 - Select grid cell - screen view - hoverAs you hover your mouse pointer over the grid cells, the grid will illuminate the cell as well as the expiry/ strike coordinates to give you an exact visual cue.

Step 2 - Select grid cell - screen view - clickEach grid cell that you click on will remain highlighted. And it will generate its own bet slip in the ‘Bets’ section.

A pop-up message just above the ‘Bets’ button will appear, notifying you of how many bet slips are ready to confirm.

When you are done selecting grid cells, click on the ‘Bets’ button and you will land in the ‘Place Bets’ area, where bet slips will await completion and confirmation.

You can unhighlight any grid cell just by clicking on it again. Or you can cancel it in the ‘Place Bets’ area.

Step 3 - Select bet

Click on the "Bets" button and you will land in the "Place Bets" section.

The bet slip/s will appear pre-populated with your choices from steps 1 & 2.

To place a bet, just decide on the odds and stake that you are willing to bet at.

Input these values into the bet slip and confirm your bet. The bet slip automatically calculates and displays your potential profit and liability.

You can only bet with the funds available in your wallet.

Step 3 - Select bet - screen view - multiple bet slipsIf you have selected multiple grid cells, then multiple bet slips will be generated.

There is no limit to how many you can chose on the grid.

They will appear pre-populated with your market grid choices (from steps 1 and 2).

All you need to do is input the odds and stake you desire to bet at and place the bet via the ‘Place Bet’ button.

Matched vs. Unmatched

If you bet at the "Back Now" or "Lay Now" odds your bet will be matched instantly.

If you bet outside of these odds, your bet will be unmatched and placed in the order queue.

On placing the bet its liability will be transferred from your a/c to the exchange.

This is how betting exchanges ensure full and uninterrupted bet settlement.

Matched vs. Unmatched

If you are backing, the liability is just your stake. This is the max you can lose.

If you are laying, the liability is: (odds -1)*stake. This is the max you can lose.

This is why laying is a more capital intensive betting strategy than backing.

The quid pro quo is that higher odds indicate a higher chance the layer will win.

Open Bets

In the “Open Bets" tab you can see the status of all the bets you have placed.

The market is open until the standard suspension time on the Bet Expiry Date.

See Player Guide for the suspension time on any given market (click on Menu button, then Further Info).

While your bet remains unmatched you can cancel it at anytime by clicking on the "Cancel" button.

The liability will be transferred back to your account instantly.

Further information and contact us

See our other web tutorials.

Check the ‘Further Info’ section of the website (Menu button top left of screen).

Contact us anytime by phone, live web chat or email:

Phone: +44 (0) 20 3781 8023

Live web chat: www.flexihedge.com

Email: via the ‘Contact Us’ section of the website