In sports spread betting, binary betting allows spread bettors to close their bets even if the eventual outcome has not reached its conclusion. This type of betting enables a spread betting participant to take his or her earnings without finishing the event. The spread firm declares the amount of the payout every time there are changes on the game. As the game clock ticks up to the end of the game, the value of your bet constantly changes. A relative amount compared to the possible outcome of the game is presented to the bettor to be able to get the expected payout even before the game finishes.

For example, you placed your money on a high scoring bet for a soccer game. Let's say a 3-3 bet on the final score of the game. As the game progresses, the value of the bet raises or lowers depending upon what is happening on the game. If the game reaches a 3-2 score, the value of the payout would spike up. At the moment another goal is made and the score became a 3-3 deadlock, your bet reaches the highest projected payout. As the minutes of the game slowly progresses, the payout amount increases relatively. In this case, binary betting allows you to close the bet with a payout equivalent to a fraction of the total earnings. Assuming that the odds for the 3-3 bet is 50-1, or a $10 bet becomes $500, the spread betting firm may place a $360 value on your bet if you close the deal on the last 3 minute mark.

In this situation, it is highly advisable to take the winnings even if it is comparably lesser than the projected amount of winnings. Although you have lesser earnings, it would save you on the risk of losing the bet once an unexpected goal happens on the last minute of the game. Binary spread betting enables you to take reasonable earnings without having to finish the game. This betting payout scheme benefits both parties since the spread firm has lesser amount to pay and the bettor does not have to risk losing all of his winnings at the end of the game.

In-running betting is gaining is popularity nowadays. Aside form the conventional fixed odds, online spread firms that cater this type of spread bets are starting to appear on the Internet. These online spread companies appeal to the betting community since it allows their participants to take earnings or cut losses on the middle of the event. Some online spread betting firms which use this type of betting offers up to a second update of the payout's values which allows the online betting participants to get maximized earnings at a certain period of time.

The binary betting is much more visible online and covers limited number of events as compared to those in which fixed odds applies. In-running type of spread betting is mostly used for sporting events such as basketball, soccer, football and hockey. Most of these games have fixed game time and has the game factors which perfectly fit the mechanics of binary betting.