Bet execution and payouts
How is the odds for an event outcome formed?
The odds are not set by the company or a single person. They are determined by you and other market participants through your purchases. This creates the most honest and decentralized market for predictions.
The more orders there are for the outcome "YES", the higher its odds become and the lower the probability of a high profit (and vice versa).
YES
0.002
0.004
0.006
0.008
0.01
0.012
0.014
0.016
0.018
0.02
0.022
0.024
0.026
0.028
0.03
0.032
0.034
0.036
0.038
0.04
0.042
0.044
0.046
0.048
0.05
0.052
0.054
0.056
0.058
0.06
0.062
0.064
0.066
0.068
0.07
0.072
0.074
0.076
0.078
0.08
0.082
0.084
0.086
0.088
0.09
0.092
0.094
0.096
0.098
NO
0.098
0.096
0.094
0.092
0.09
0.088
0.086
0.084
0.082
0.08
0.078
0.076
0.074
0.072
0.07
0.068
0.066
0.064
0.062
0.06
0.058
0.056
0.054
0.052
0.05
0.048
0.046
0.044
0.042
0.04
0.038
0.036
0.034
0.032
0.03
0.028
0.026
0.024
0.022
0.02
0.018
0.016
0.014
0.012
0.01
0.008
0.006
0.004
0.002
Odds for "NO"
1.02
1.042
1.064
1.087
1.111
1.136
1.163
1.19
1.22
1.25
1.282
1.316
1.351
1.389
1.429
1.471
1.515
1.563
1.613
1.667
1.724
1.786
1.852
1.923
2
2.083
2.174
2.273
2.381
2.5
2.632
2.778
2.941
3.125
3.333
3.571
3.846
4.167
4.545
5
5.556
6.25
7.143
8.333
10
12.5
16.667
25
50
Market probability: (20% probability of "YES") and (80% probability of "NO") Bet amount: 0.02 TON for "YES" and 0.08 TON for "NO".
Result: The "YES" outcome won.
Participant 1 (was correct):
Winnings: 5 tickets × 0.1 TON = ~0.5 TON
Profit: 0.5 TON - 0.02 TON = 0.48 TON
Participant 2 (was incorrect):
Winnings: 0 TON (the "NO" outcome did not occur)
Loss: The entire staked amount of 0.1 TON
Loss: -100%
How to withdraw winnings?
On TonCast, there is no traditional "withdrawal" process.
When you win: After the event is settled, the smart contract automatically sends your winnings directly to your connected TON wallet. You don't need to click anything—this happens instantly and without your involvement.
Benefits of this approach:
Instant payouts: You don't have to wait for your request to be processed. You receive your winnings automatically.
No restrictions: There is no minimum withdrawal amount, no verification, and no business days.
Your winnings are your TON in your wallet. You don't need to withdraw anything.
What is the difference between Market, Fixed, and Limit orders?
Market order: You choose the odds that the market offers right now. Your order will match with the best available orders instantly. Ideal for those who want to quickly enter a position and agree with the current market odds.
Fixed order: You specify one exact odds coefficient and the number of tickets you want to buy. Your order will only match with users at that specific odds. Ideal for those who want to trade at a precise odds level.
Limit order: You specify the lowest odds coefficient you're willing to accept and the number of tickets you want to buy. If there are orders with better odds than your specified minimum, your order will match with them first. Ideal for those who want to ensure they get at least their desired odds or better.
Can I cancel my bet?
Yes, you can cancel unmatched tickets from any order type (Market, Fixed, or Limit).
If your order has unmatched tickets waiting for execution, you can cancel them at any time. Once your order is fully or partially matched, the matched tickets cannot be cancelled. The contract and network commissions are not refunded when you cancel unmatched tickets.
What happens to the money if an event is canceled?
In the event of a cancellation (for example, the match did not take place), all staked funds are returned to the participants. The contract and network commissions are not refunded.
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