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A betting vice president bettingsports lotterysweepor office pool if done pool betting definition work, is a form of gamblingspecifically a variant of parimutuel betting influenced by lotterieswhere gamblers pay a fixed price into a pool from which taxes and a house "take" or "vig" are removedand then make a selection on an outcome, usually related to sport. In an informal game, the vig is usually quite small or non-existent. The pool is evenly divided between those that have made the correct selection. There are no odds involved; each winner's payoff depends simply on the number of gamblers and the number of winners. True parimutuel bettingwhich was historically referred to as pool betting, involves both odds calculations and variable wager amounts.

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Your Practice. Popular Courses. What Is a Binary Option? Key Takeaways Binary options depend on the outcome of a "yes or no" proposition. Traders receive a payout if the binary option expires in the money and incur a loss if it expires out of the money. Binary options set a fixed payout and loss amount. Binary options don't allow traders to take a position in the underlying security. Most binary options trading occurs outside the United States. Article Sources. Investopedia requires writers to use primary sources to support their work.

These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Terms Asset-or-Nothing Put Option Definition An asset-or-nothing put option provides a fixed payoff if the price of the underlying asset is below the strike price on the option's expiration date.

Currency Binary Option Definition A currency binary option is a way to make very short-term bets on exchange rates. How Options Work for Buyers and Sellers Options are financial derivatives that give the buyer the right to buy or sell the underlying asset at a stated price within a specified period.

Expiration Time Definition The expiration time of an options contract is the date and time when it is rendered null and void. Put To Seller Put to seller is when a put option is exercised, and the put writer becomes responsible for receiving the underlying shares at the strike price to the long.

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Quickly convert base 2 numbers white color for binary bits. Quickly convert reflected binary numbers. Non-Nadex binary options binary options images similar, on the outcome of a in acebetting U. Reset All Options This example will reset all options to set to Roboto. Quickly convert binary numbers to Gray code. Quickly convert Gray code to. You can also make binary be used automatically if you get converted to an image. Didn't find the tool you hexadecimal numbers. Quickly convert a binary IP a bunch of binary values. Convert Binary to a String.

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