Gameplay Details
IPO
Approximately 30 minutes before the games start, the IPO ends and shares are released to the top bidders. Jock MKT operates as a “second price auction”, meaning the winning bidder pays the second highest bid. As an example — if you have the winning bid of $10 for a share of Patrick Mahomes, and the second highest bid is $6, then you would pay $6 per share. From there, trading begins in the open market with other users.
Live Trading
Jock MKT is just that, a market. Buyers and sellers are matched in real time, and trading determines the live pricing. During the games, for each player you can see the bid price (amount offered to buy) and the ask price (amount offered to sell), as well as the gap between these two, known as the bid-ask spread. Try lowering your ask or raising your bid to entice buyers and sellers to match your price.
Jock MKT matches buyers and sellers in real time, allowing the market to determine pricing for players. A rookie wide receiver catches an 80-yard touchdown pass? Watch his price skyrocket. That stud QB goes down in the 2nd quarter with a broken hand? Watch his price plummet. Maybe you see a WR consistently beating coverage, and you know it’s only a matter of time before his QB starts finding him. Buy his shares now and watch as your cunning mastery of sports earns you real money.