Wagerweb Binary Section

**byronbb** · 03-12-14, 05:50 PM

Originally posted by robmpink

I've never seen such a thing. Is it like day trader stuff?

These are common with UK books. You basically bet on the asset being above or below a certain price at a certain time. Hugely risky for degens. If I am understanding this right they are dealing an 80 cent line on what is basically a live "coinflip". IE basically a straight up scam and illegal to deal to US residents.

**robmpink** · 03-12-14, 06:18 PM

Originally posted by byronbb

These are common with UK books. You basically bet on the asset being above or below a certain price at a certain time. Hugely risky for degens. If I am understanding this right they are dealing an 80 cent line on what is basically a live "coinflip". IE basically a straight up scam and illegal to deal to US residents.

How do you see it is a 80 cent line? I appreciate your explanation as I'm sure there are more people like me who don't understand it.