Placing Orders
This guide is intended to help you understand how to place orders on Aver.
It’s time to place your first order!
Please make sure you have read and understood the following sections before placing your first order:
Navigating Aver Exchange - This is vital to ensure you understand how to find markets and understand the trading interface on Aver Exchange
Backing and Laying - This is vital to ensure you understand what the order your placing means, and how it works
The example screenshots in these sections may differ to those you see depending on a number of factors including:
Attributes of the market which will vary by underlying event
Display preferences
Whether you are interacting on a mobile/desktop device and the browser/app you use.
The interactions are generally similar, or where differences are relevant to the process they will typically be called out.
Your trading interface can look vastly different depending on which type of interface you are using. There are two interfaces that can be used when trading on Aver: Simple Mode This interface is best suited to beginners and resembles what a participant would see on a web2 sportsbook. This interface only has the option to bet that an outcome will occur (back/buy).
Pro Mode This interface is best suited to experienced participants and resembles what one would see on a web2 betting exchange. This interface has the option to bet that an outcome will occur (back/buy) or won’t occur (lay/sell). This section covers placing orders on Simple mode and Pro mode separately, however they are more or less similar - with the key difference being the trading interface format. You can switch between the two display modes by configuring your preferences.
Please note, you can only place orders on 'Active' markets. Once a market has 'Ceased trading', or is 'Settled', you cannot place an order. Read more about this in the Market Lifecycle section.
Simple Mode
1. First, click on an event on the application. In the example below, the event picked is Senegal v Netherlands
2. Once you’ve selected your event, you will see all the available markets and their betting modules on-screen. In this case, only the 'Match Winner' market is available. There are 3 possible outcomes on the betting module, giving you the option to buy (back) any of them. Each cell on the module gives you the outcome and the odds for that outcome.
3. Click on an outcome – a betslip will appear on the right of the screen. On the betslip, you can see your selected outcome and its given odds. Enter the USDC amount you want to stake - you can see the profit you stand to make, your stake and your payout (profit + stake) if the outcome occurs. Click on the trash bin icon on the top right of an order to cancel it.
4. If you’re happy with your proposed order(s), click on the ‘Place Bets’ button on the bottom of the betslip to place the order. Your order has now been placed, and is waiting to be matched.
5. Once you've placed a bet, you can view it by clicking on the 'My Bets' button on the top of the betslip panel. Here you'll be able to see the history of orders you've placed.
Pro Mode
1. First, click on an event on the application. In the example below, the event picked is Senegal v Netherlands
2. Next, select the market you want to bet on for the event. Click on one of the markets options shown underneath the event header. In the example below, only the 'Match Winner' market is available
3. Once you select a market, you’ll see the betting module for that market on screen. When using the Exchange style interface, you have the option to buy (back) or sell (lay) an event. On the betting module, you can have up to 3 different prices to buy and sell each outcome – this depends on the orderbook depth. Each cell shows you the odds at a specific depth and the maximum payout/stake (depending on your preferences) available at those odds in USDC. 4. Click on an outcome – a betslip will appear on the right of the screen. On the betslip, you can see your selected outcome and its given odds. Enter the USDC amount you want to stake/recieve in payout - you can see the profit you stand to make, your stake and your payout (profit + stake) if the outcome occurs. Click on the 'cancel' button at the bottom of the betslip to cancel the order.
5. If you’re happy with your proposed order(s), click on the ‘Place Order’ button on the bottom of the betslip to place the order. Your order has now been placed, and is waiting to be matched.
Order Confirmation
Once you’ve placed an order, a popup will appear to confirm whether your transaction was successfully confirmed on-chain.
If the transaction failed, one of the following may be the reason:
The Solana network may be down
Your internet connection may be faulty
The application may be undergoing maintenance
Try again once you’ve checked the above issues are not the case - if transactions are still failing, please reach out to a member of the team. If the transaction was successful that means your order was successfully placed. Now, it needs to be matched before it is locked in.
Orders remain ‘Fully open’ until they’re matched with opposing orders placed by other participants. Please read about order matching and order states in the Order Matching section to understand more.
You can check the status of your order on the page of the event itself, or on the Account Overview page - read more about how to check order states in the Understanding Orders section.
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