Place Your First Bets

SX Bet is a peer-to-peer betting exchange meaning: you can take odds like you would a regular sportsbook by placing a Market Order, or you can act as the bookmaker and offer offer odds to other users by placing a Limit Order.

Some exchanges may use different terminology, such as referring to "market orders" as "back" bets and "limit orders" as "lay" bets. Learn more about the Betting Exchanges.

Start by placing a "Market" order — this is like placing a bet with a traditional sportsbook. You are betting on a specific outcome to occur.

Click on your desired market to pull up the order book. You'll see a variety of odds available, select the best odds, enter your wager and click "Place Bet". If you're using MetaMask, an additional approval will pop up in your wallet.

You can toggle between Spread, Money Line and Total in the order book. Click on Game Lines to pull up additional markets like first 5 innings, quarter, 1st set, 1st half, etc.

Example: You bet the Rockies are going to win. The current best odds are 3.45. You place a Market Order, your bet is matched instantly.

Now you can place a "Limit" order — you are assuming the role of a bookmaker. Instead of betting on an outcome to happen, you are betting against it. In other words, you are requesting the odds you want by offering odds to other users on the exchange and allowing them to take the other side of the bet you’re offering.

To place a "Limit" order, pull up the order book, select "Limit" from within the bet slip, enter your wager and the odds you are requesting, and click "Request Bet". If you're using MetaMask, an additional approval will pop up in your wallet.

Example: The odds have changed, but you think the odds for the Rockies to win should be higher than 3.39. You place a limit order to bet on the Rockies at 3.4 odds. Now you wait for a match.

You can see your offer pop up in the order book on Tiger's side of the order book.

You can cancel Limit Orders before they get matched. If your Limit order is not matched your funds are returned. You can manage your offered bets portfolio page. Limit orders are only available on SX Network ( SX Rollup).

Advanced Traders: If you are looking at offering odds programmatically — see our API documentation. There are no premium charges for API access.