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There are two basic types of bindings. One type of wakeboard binding has a strap that goes over the front of your foot and a strap that goes around the back of your foot. These don't provide a lot of support, but you will come out easily if you wipeout. Overall, this type of binding would be good for the beginner and a person who just likes to cruise.
The second type of binding covers the whole foot and is like a boot. These provide great support so you can do big tricks without having your feet slipping around or coming out. The higher quality bindings you get the more support they provide, but the harder it is to get out of them. They make full boot bindings that not as stiff as others, so shop around and find a binding that is right for you. Don't just assume the binding that came with the board is fine.