[kjam22]

I do some options from time to time. Small numbers though. And, I’ve never done a Binary. I bet on OU in 2000 to Beat Florida State in the championship game and did not take the 9 points they were being given. $200 paid $800. That’s the closest I’ve come to a binary option :)

[SAJ]

Right. Binary options (or binary-ish, if you like) are quite popular among the sports bettors. More popular still, are what I call 'hard' binaries, where the proposition is not yes/no, but varies along with the trend of the game. OU 20, FSU 17 in the 4th quarter will be priced quite differently than OU 27, FSU 10 at the same point in the game.

Mkt binaries can be found in a couple of similar variations. Classic case of 'pays your money, takes your choice'.

Good trading to you!