Dear friend, please take note of the following;
This prayer is found in Matthew 18:18-19. Jesus says: "Assuredly, I say to you, whatever you bind on earth will be bound in heaven, and whatever you loose on earth will be loosed in heaven. Again I say to you that if two of you agree on earth concerning anything that they ask, it will be done for them by My Father in heaven."
There are several important nuggets in Jesus' statements here, the first being that we have authority here on this earth by virtue of our covenant rights through Jesus. The second thing we notice is the direction of the action. Things do not begin in heaven and come to Earth, but rather the action starts here on Earth. Notice that it says, "Whatever you bind on earth will be bound in heaven, and whatever you loose on earth will be loosed in heaven."
Like all things in God's system, this type of prayer works only in line with God's Word and His laws. You cannot bind things willy-nilly. Binding a team to lose in the Super Bowl won't work any more than losing someone to love you.
You can, however, bind foul spirits that are at work in people's lives or loose angelic spirits to work on your behalf in those areas where God has already promised you results. When you pray in this manner, God affirms it in heaven and puts His seal of approval on your prayer. Binding and loosing have to be based on the authority God has granted you in Scripture, not on some desire you have.
God has provided each type of prayer for a specific purpose. Though you may use more than one at any given time, it is important to be clear about which type you are using and why, and to be aware of its limitations. If you follow the examples in the Bible, you'll be sure to use them properly.
Source: Frederick K.C. Price is the founder of 22,000-member Crenshaw Christian Center in Los Angeles and author of more than 50 books, including Answered Prayer Guaranteed!