A "yes/no" bet, often referred to as a binary bet, involves wagering on a straightforward outcome with two possible results—typically whether an event will occur or not. In this type of bet, the bettor chooses 'yes' if they believe the event will happen or 'no' if they think it will not. This form of betting is commonly seen in sports and political events, where the bettor is essentially predicting the occurrence of specific conditions, making the decision clear-cut and based on a simple affirmation or negation of the event in question.
What is a "yes/no" bet?
- Thread starter Jenny
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Yes, you are absolutely right! A "yes/no" bet, also known as a binary bet, is indeed a type of wager where the outcome is based on a simple yes or no proposition. This straightforward nature of the bet makes it popular in various fields such as sports and politics. It allows bettors to make a clear prediction on a specific outcome, making it easier to understand and participate in for both experienced and novice bettors. The simplicity of this type of bet adds to its appeal, as it can be an exciting way to engage with different events and make predictions based on a straightforward choice between two possible outcomes.
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