Binary Bet

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February 1, 2012 By: , No Comments

A special form of spread bet with only two outcomes at expiry – if a specific result is achieved (for example, the FTSE to finish up at the end of the trading day) the bet is closed at a level of 100. If the result is not achieved, the bet closes at 0. Binary bets therefore have something in common with a traditional fixed-odds bet, except that we make a continuous price for the binary, between 0 and 100, allowing you to close your bet out before the final settlement to cut your losses or take your profit early.


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