Welcome to Compare Binary Betting

A popular method for traders looking to diversify their stock options and extrapolate on the outcome of an entire market is binary betting. It is a method where traders can bet on whether the market will be up or down by the end of the day. It involves fixed odds and the traders participating are given options on any chosen market, meaning it can be used to target all types of stock exchanges. The markets only move up or down, which gives traders the option of betting on the final position and nothing else. This is the reason it is known as binary betting. It is a similar sort of position as spread betting for an experienced trader.

Prices for traders are given as spreads. These are representative of the fixed odds that the binary betting broker will place on any given market on any given day. These will charge daily. In order to place a bet, one picks an option within the quoted spread. If the market in question had a spread of 38-41 this would indicate that it is more likely to go down than go up in value over the course of the day. If a trader were to expect the market to drop, buying an option at 41 in the spread would reward the trader with £41 at the end of the trading day if the market did indeed drop. If the market increased, the trader would lose £59. The binary betting broker decides the odds, and the bet pays out regardless of how much the market gains or loses. This means that for any trader looking to enjoy a simple alternative to spread betting, the binary bet can offer a reasonable alternative.

Binary betting has very transparent systems powering it- the broker, who decides the spread, the trader, who places the ‘bet’, and finally the market or stock exchange itself, which moves up or down every day. If a trader or an individual is looking to get involved with binary betting, it is very simple and many strategies are based on patterns and mathematics rather than extensive insider information.