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A binary option is a financial option in which the payoff is either some fixed monetary amount or nothing at all. The two main types of binary options are the cash-or-nothing binary option and the asset-or-nothing binary option.
If you are familiar with a large bookmaker or someone who runs the numbers, you know that they do not really care whether one bet wins or loses as long as they have equal action on both sides they are guarantee to make money regardless.
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