Different Types of Binary Bet: Up/Down, Handicap, Daily/Hourly

Binary betting is known for its diversity in betting types. Betting can be placed both in long and short positions, for different durations and also in handicap bets. Binary betting brokers will often offer a large number of potential bets for their clients.

Firstly, daily bets are the most common type of binary bet available to the prospective trader. These bets will open at the start of a day and close at the end of the trading day. Depending on whether or not the market goes up or down, the bet will either win or lose. These types of binary bets provide an overall opportunity for investors to speculate on the outcome of a market over a day, taking into consideration the little fluctuations seen across the course of a day. Hourly bets, on the other hand, are similar to daily bets, but just use a different time scale. Hourly bets will win and lose on the fluctuations and variance seen within the market on an hourly basis. Therefore, it is possible to win both long and short binary bets throughout the day, while still maintaining a profit on either long or short daily bets. For traders looking to quickly gain an advantage on a short-term basis, it is possible to capitalise on little influences on the market in question. Hourly bets are more volatile and therefore more risky, but this is reflected in their odds.

An up or a down bet can be explained as whether or not the trader placing the bet believes the market will go up or down. A long position, where one believes the market will increase in value; will win regardless of the amount the market increased. A short position is the opposite and will be a winning bet when the market goes down in value.

Finally, handicapped bets can be slightly more profitable when trading with binary bets. A handicapped bet is one where the market must move to a certain level to guarantee a win. This is very useful when there are trades with very short odds. If one were to place a bet on a market that was almost certainly going to increase, the amount of profit that person would stand to gain would be very small. However, placing a handicap bet on the market increasing by 15 points would have much better odds and represent increased reward and less risk.