Combos

What are combos?

Combos allow users to trade custom combinations of events. Each combo is a unique market with its own dedicated order book. Combos resolve to the product of the value of each individual leg.

Creating a Combo

You can create combos directly in the UI using the combo builder. Access it either from the page of any eligible event or from the live tab by selecting the sports category and then the combo builder. Combos are typically available closer to the start of an event.

Combos are currently limited to professional football and basketball markets, with potential future rollouts.

Quoting and Liquidity (RFQ System)

Combos are submitted through a Request For Quote (RFQ) system to establish price and liquidity. More info on RFQs can be found here.

• RFQ Process: When a combo is requested, a "Request For Quote" is sent out to the market. Other market participants can then respond with a quote to take the other side of the position (act as the counterparty).

• Democratized Quoting: Anyone can listen for and respond to RFQs through the API, meaning there is no exclusivity for quoting.

• Live Quotes: Quotes are generated live, which can sometimes lead to brief delays while waiting for the quote to be returned. The RFQ system helps solve the liquidity issue by connecting traders with those willing to quote.

Outcome Determination

If one of the underlying legs in a combo is voided (e.g., a player is required to play but does not), the combo will resolve to the product of each of the underlying markets.

• Recalculation: The entire combo is not simply returned to the user. Instead, the combo's payout will be equal to the value of the product of the value of each individual leg.

• If a three-leg combo has one leg that resolved to a price other than $0 or $1, the final payout will be the product of the legs for example: $0.70 * $1.00 * $1.00 = $0.70 paid per combo contract owned.

It is important to note, each leg of the combo is subject to the rules defined for the underlying market.

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