Prices and payouts

Headline price

The price beside an outcome is the best available price or a representative market price. It moves as orders enter and leave the book.

A price of $0.63 implies a 63% probability. It does not guarantee a 63% chance of winning.

Average execution price

Only a few shares may be available at the best price. A larger order can move through several levels of the book, giving it a different average price.

For example:

Shares	Available price
50	$0.40
50	$0.42

Buying all 100 shares would average $0.41 before fees, not $0.40.

Oddeon calculates the average when it builds the quote.

Potential payout

For a standard binary market, each winning share settles at $1 and each losing share settles at $0.

Potential payout = number of shares × $1
Potential profit = payout - total position cost - applicable fees

If you sell before resolution, your proceeds depend on the buyers and prices available at that moment.

Liquidity and spread

Liquidity is the amount available near the current price. With less liquidity, an order is more likely to move through several price levels.

The spread is the gap between the best buy and sell prices. A wide spread makes a quick entry and exit more expensive.

Why prices differ between venues

Each venue has its own traders and order book, so prices and depth can differ. Oddeon compares compatible routes each time it creates a quote.

Next: Quotes, fees, and slippage.