Final payouts are set by Jock MKT. Each final rank has a known value, and is clearly listed in the event when you join.
In-game pricing is driven by user trading activity. Prices update based on new user offers, and recently completed trades.
Jock MKT is available in 34 states for real money games. Check out jockmkt.com/states-overview for more info!
Yes! Payouts are fixed and guaranteed based on final rankings.
Each player is automatically assigned their rank value once scoring is final. For example, if 5th place overall is worth $20, and Tom Brady finishes with the 5th most points, then every user holding Tom Brady receives $20 per share.
The number of shares available is dynamic and based on a formula that balances supply and demand based on the number of users and money in the event. We want there to be enough shares to allow for a liquid market and also maintain fair pricing for each player.
The IPO (Initial Player Offering) is an auction. Users bid for a limited number of shares, with the prices updating in real time. When the IPO ends (which is listed in the event), shares are distributed to the winning bidders, who pay $0.01 more than the last user that wanted shares, but either was outbid or didn't bid enough to qualify.
A bid is the most you (or another user) is willing to pay for a share. If you see a bid listed, then that means another user is willing to buy at that price.
An ask is the least you (or another user) is willing to sell a share for. If you see an ask listed, then that means another user is willing to sell at that price.
After the IPO, shares are awarded to the highest bidders. Any bid amount in excess of the closing bid is returned to users. At this point, trading is live!
Think about where you think each player will finish. Check our valuations for final rankings, and bid a little bit less than that final value. If you are outbid, you will be notified in real time.
You buy or sell by trading with other users. The system matches "bids" (buyers) and "asks" (sellers) in real-time based on best available price. The highest bid and lowest ask for each player are listed on the right hand side of the player list.
Short answer: There weren't enough shares available at your price. During IPO, there are limited shares. If you received less than what you requested, then you're probably the low bidder, and other users bid more than you. During live trading, our system matches on best available price. If you bought or sold less shares than you ordered, then we could match no additional users at your price. Your remaining order will remain open until it's filled, cancelled, or expires.
Think of Contests like a poker tournament, and Markets like a poker cash game. For Contests, users buy-in for the same amount, and receive the same number of chips. At the end of the contest, your total chip count (your balance + your shares) relative to other users determines your prize amount. For Markets, each transaction represents real-money (dollar for dollar). If you buy x1 share @ $5, then we withdraw $5 from your cash balance. If you sell that x1 share @ $10, then we add $10 to your cash balance (and you just profited $5).
We do not currently offer shorting, but it is in the pipeline and will be available soon.
Yes. We plan to allow access in the near future.
Jock MKT currently offers only single-game events, so all shares are paid out at the end of each event. Users do not hold shares for multiple games.