← THE EXCHANGE
Matthew Stafford · Passing TDs 2.5
OPEN
10,000 coins traded · 1 in it ·
the line moves on every bet
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THE TAPE
Every trade, and what it left the price at. This is the price history —
there is no separate chart table, because two records of one truth drift.
| Who | What | Coins | At | Left it |
|---|---|---|---|---|
| WAS / Duck / ESPN/ TC 🏈 | backed Over 2.5 | 10,000 | 50.2¢ | 50.5¢ |
How this works. A price is what the room thinks
the chance is — 34¢ means 34%. One share pays one coin if it comes in
and nothing if it does not, so backing something at 34¢ turns 34,000 coins
into 100,000 if you are right. Every bet moves the
price, and a big one moves it while you are buying, so you get a worse
average than the number on the button — that is real, it is not a fee. You
can sell any time before it settles and take whatever the line is then. The
house keeps 4¢ on the dollar when you buy, and nothing when you
sell. Nothing pays more than 200×, which is what the bank will settle.