out somewhat an opening 44 for receiving the end 42 39 as well as another hole 43 are located on the outer end 42 34 the sheet strip is preferably made from polyester however in principle it may also be made from another synthetic material or a metal foil moreover the strip material 40 is stamped from a full strip 40 39 shown in broken line according to the invention the binding material 40 comprising an opening 44 at one end 42 34 is introduced by its other end 42 39 after winding around the bundle 11 through this opening 44 a pulling force holding the bundle 11 together is produced on the binding material and it is bent back at the point of the opening 44 thus forming a folded edge a tip or remaining end 47 of the binding material is pressed in a releasable connection against the binding material wound around the bundle in order to produce static friction at this folded edge the individual steps of the method for binding a bundle 11 are thus described hereafter with reference to fig4 to 6 according to fig4 bracket 17 is located with respect to the stand 15 so that after the downwards movement of the carriage 18 bracket 17 is moved into a first predetermined position thus from the semi circular opening 14 39 an opening 14 completely closed is made and the guide groove 19 consequently extends completely around this opening in this position.