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How are STX Points calculated on wagers?
You will earn 1 STX Point for every $10 wagered. A dollar wagered is defined to be a wager that opens a new position or grows an existing position, thus accruing more risk. In some cases STX will offer more points per wager! Risk the same win more!
Potential Fee
The Potential Fee associated with an Open Position is the max possible fee the player will pay assuming the market expires YES for a Long Position or NO for a Short Position. Fees are only deducted after a profitable settlement occurs, so the ...
In Order Liability
A Player’s In Orders is the aggregate amount of risk they currently hold in Open Orders. While these Orders have not yet been matched, they are tied up in case a match occurs. If the Orders get cancelled the escrowed funds are returned to Player's ...
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 ...
Settlements
Settlements occur when a player's Open Position gets closed. This can occur in two ways: Closing Settlements occur when a player has an Open Position in a market, and they execute a wager that counteracts their Open Position. A Bought Position can be ...