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A final word on pricing

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I have said that binary bets can only move between 0 and 100. In fact, although almost every bet I have ever seen has been priced between 0 – 100 there is no reason why other prices may not be chosen, say 32 – 212 (a Fahrenheit scale), or -50 – +50 (where parity is zero). But 0 – 100 is far easier to understand.

I have seen some bets priced differently, as I said in Binary Betting. For example, on TV’s X-Factor where the pricing was that the winner’s binary rose to 50, the 2nd place to 30, 3rd to 20 and 4th to 10. Together these add up to 100. This can also be the case with horse racing and is why the brief example I gave above on Mr. Splodge may be quoted differently in the real world.

I am told that the very early binaries were priced between 1 and 10 but this is no longer the case.

Binary Trading

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