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.
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, select the outcome you wish to bet on, enter your wager and click "Place Bet". If you're using MetaMask, an additional approval will pop up in your wallet.
Example: You bet the Knicks are going to win. The current best odds are 1.75. 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.
Example: You think the odds for the Knicks to win should be higher than 1.75. You place a limit order to bet on the Knicks at 1.77 odds. Now you wait for a match.
You can see your offer pop up on the Raptors side of the order book.
You can cancel Limit Orders before they get matched. You can manage your offered bets portfolio page. Limit orders are automatically cancelled when the game begins.
Advanced Traders: If you are looking at offering odds programmatically — see our API documentation. There are no premium charges for API access.