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Binary Betting
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If you bet on sporting events or the financial markets, binary betting offers some very good deals, but what is a binary bet?
Binary bets generally have just two possible settlement prices: 100 if the event happens or 0 if the event doesnt happen. Binary bets can be made on sporting events such as football matches or on the financial markets. We are going to concentrate on binary betting strategies for the financial markets. Binary bets are far more flexible then traditional forms of bettting as the prices are changing all the time, they can be closed at any time during the bet and they can be bought and sold many times before the end result.
Binary Betting Example
FTSE100 to end up on day. Priced at 30-34. If you think that ftse will be up at the end of the day you could buy this bet at 34. If it comes true you would win (100 - 34) = 66 * your stake. If ftse ends down you would lose 34 * your stake. You could of course close the bet before it expires to either cut losses or take early profits.
You can of course sell a binary bet if you think that the event is not going to happen. If you thought that ftse was going to end down you could have sold the bet at 30. If ftse ends down you would win (100 - 70) = 30 * your stake, if you were wrong and ftse ended up you would lose 70 * your stake. So, it is all about balancing the price that you pay for the bet agains tthe odds of the event happening. There are ways that you can increase the odds in your favour by doing some simple research and learning some simple chart analysis techniques.
For more information on Binary Betting click on the links below:
Where to Find Binary Bets
Binary Betting Offer / Promotion - Free £20 give away