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THE WIRE
← THE EXCHANGE
NFC South winner
OPEN
0 coins traded · 0 in it · the line moves on every bet
1
Buccaneers
7-2
98¢
-5555
2
Falcons
1-8
1¢
+16865
3
Panthers
2-6
1¢
+16865
4
Saints
2-6
1¢
+16865
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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.
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