Betting and Trading
How do I place a bet?
To place a bet:
Choose a market and outcome you want to bet on
Enter the amount of USDC you want to wager
Review the estimated shares you'll receive
Confirm the transaction in your wallet
You'll then own shares in that outcome
Can I cancel a bet after placing it?
No, you cannot cancel a bet once the transaction is confirmed on the blockchain. However, you can sell your shares anytime before the market closes to exit your position.
Can I sell my shares before the match starts?
Yes! You can buy and sell shares freely until the market locks (typically just before the match begins). This allows you to lock in profits if odds move in your favor or cut losses if you change your mind.
How is the price per share calculated?
Share prices are determined by the Fixed Product Market Maker (FPMM) model. As more people buy shares of an outcome, its price increases. The price reflects the market's implied probability of that outcome occurring (e.g., a $0.25 share suggests a 25% probability).
Why did the price change while I was placing my bet?
Prices update in real-time based on supply and demand. If someone else bought shares in the same outcome while you were placing your bet, it increased the price. This is normal market behavior.
What is slippage and how does it affect me?
Slippage is the difference between your expected price and the actual execution price. Large bets can cause more slippage because they significantly impact the liquidity pool. The platform shows estimated slippage before you confirm your transaction.
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