How to Place a Wager (buy/sell)?
On STX, players can buy or sell contracts on a market. All of our markets are
binary options meaning the outcome of the market will always result in a
YES or
NO. If a market results as
YES the contracts settle worth
$100, if the
market results as
NO the contracts settle worth
$0. Thus, if you believe the answer will be
YES, you should
BUY contracts. If you think it will be
NO,
you should
SELL contracts. Most markets will be listed where
buying contracts equates to betting on the Home Team (or OVER for totals) and
selling contracts equates to betting on the Away Team (or UNDER for totals).
Related Articles
How to place Limit Order?
A “Limit Order” is an order to buy or sell a specific quantity of wagers at a limit price. The resulting wagers cannot execute at a price less favorable to the player than the limit price, but wagers can execute at prices more favorable if it is ...
Max Wager Limit
You can set a max wager limit to control the total dollar amount you can have at risk on an account basis and per order basis. To set up a limit, click on the triple bar icon and click on Player Protection to expand. Select Player Limits and click on ...
Orders
On STX, players must place orders in order to execute a wager. Players wager by placing buy or sell orders in a specific market using any available funds in their account. When a player's order is matched by another player's order (equal price but ...
0 to 100 Pricing
STX shows prices on a 0 to 100 scale. Each market in the STX platform takes the form of a question that results in either a YES or NO. If the answer to the question is YES, contracts for that market will expire worth $100, and if the answer is NO, ...
Positions
An open position is created whenever a player has an unbalanced number of buy wagers vs. sell wagers in a given market. If a player has bought more contracts than they have sold, they want the price to go up and the market to result as YES to be ...