Actually I don't have a favorite way.
I liken it to when I used to make dolls ~ after the cloth doll was sewn and stuffed the shape inspired me to either hand stitch facial features or paint them. Likewise once the doll had a personality she inspired the clothing I'd make. Below is one with a stitched primitive face.
Another with a Victorian look.
Don't want to bore you so will do just one more picture, but you get my drift I'm sure.
So depending on the rug is how and when I choose the style binding I'll do; and think I've done them all. The rug below is a Bev Conway design named Rufus hooked in 2006 when I was in my brighter side of the crayon box.
I bound the rug with a bias wool covered cord.
BTW Blogger is NOT playing nice at all today. It will not allow me to enlarge the photos. Hopefully if you tap on the photos they will appear larger for you to get a better look.
Magdalena's Goat (and other rugs) have wool yarn whipped edges here is a corner of the front and back views. I used to do wool whipped edge with cording but no longer do the cording.
Cherries and Candy Stripe was bound using the doubled cotton fabric technique which I have done on a few occasions.
This chicken rug was done in a completely different style as I wanted it to look primitive. Betsy Reed demonstrated the technique in a class and you can see how I did it HERE.
And the last way I've bound rugs is using the traditional cotton binding which can be purchased in various colors.
I would like to suggest you not place your wool covered cord rugs in a highly walked area. One of my rugs wore thin and you can see those white holes on the left side and bottom of the photo below. Those are not moth holes, the wool has worn thin.
Okay, I know what you're thinking and saying to yourself, "but the cord edge protects the hooked edge". Yes, that may be true but I've rugs in well used areas with cotton binding and the wool on those at the edge has not worn thin.
Well, I've an Ox Farm pattern to draw and hope to clean the pollen covered back porch. Have a great weekend.
Saundra