HOW TO BET
HOW TO BET

How Darkpool works

Darkpool description

The Darkpool offers you the option to back and lay a selection. The customer will define the conditions for the order and then the order will be placed in the Darkpool. Your orders will not be displayed for other customers to see. If the defined criteria are matched the order will be executed.

Trading screen

By pressing on the Darkpool tab the Back and Lay view of the Darkpool will be displayed.�Your Darkpool orders will not be displayed to other customers, but you will be able to view your own orders on all markets.

Darkpool trading screen

How to Bet

Aim

Predict the result of a match. At kick-off unmatched bets will be cancelled and the market turned in suspended. All In-Play bets apply to 90 minutes of play according to the match officials, plus any stoppage time. Extra-time/penalty shoot-outs are not included.

Placing a Back order

To back a selection is to place a bet for something to happen. For example to back Chelsea would be to place money on them to win their match. If they win, so does your bet.

As an example, you want to back Chelsea for €100 at a price of 4.2. If the bet is submitted and matched, you stand to win €320 (€100 at 4.2/1) less transaction fee, plus your stake back. You stand to lose €100 (your stake).�

Placing a back order

Back order placed - waiting to get the order matched

If the Spiffx price improves whilst you are in the process of placing your bet, you will be matched at the best available price - higher for backing, lower for laying.

Laying a Bet

To lay a selection is to bet that something will not happen. For example, to lay Chelsea to win their match is to bet that they will NOT win. In other words, you would win your bet if they either lost or drew their match.

With Spiffx you can not only lay any selection, but also choose the price you want to take, and how much you are prepared to risk. The shorter the price you wish to lay, the less money you have to risk compared to your potential reward. In a lay bet you always stand to win the stake of the opposing bet.

Transaction fee: Best Net Price

No commissions are charged on the Darkpool game, guaranteeing you the best net price. Spiffx charges only a monthly transaction fee on your matched orders. The transaction fee will be deducted regardless of the outcome of the event (apart from voided matches).�

The transaction fee is calculated by multiplying your matched stake by the Market Base Rate, as shown on the Rules tab.�For Example:�You have matched orders (both lay and back) of €1000. The market base rate is 0,10% on matched volume.�The transaction fee you pay is €1.�

The transaction fee will not be deducted from settlement, but accumulated and displayed under 'My Account' and 'Accumulated Transaction Fees'. The amount will be deducted from the account once a month (the first day of the following month) with a maximum charge of €5000. The accumulated transaction fee will not affect the 'total available' amount.�This allows us to offer you the best net price to help you calculate your actual winnings.

Mid-price acceptance option

Spiffx gives you the opportunity to utilise the mid-price acceptance option when placing bets on the Darkpool in order split the spread with the player matching your order. This feature is optional and can be activated simply by ticking the mid-price acceptance box.

Mid-Price Acceptance Option

Fill and Kill

The Fill and Kill feature is an option that will allow you to match the amount of your order that is available and cancel the rest of the order that is not matched.

Examples:

Example 1: The market has €20 available for backing and you back for €30 and select the Fill and Kill option: The €20 will be matched and the remaining €10 will be cancelled.

Example 2: The market has €50 available for backing and you back for €30 and select the Fill and Kill option: Your order will be matched and nothing will be cancelled.

Example 3: The market is empty and you place a back order of €10 and select the Fill and Kill option: Your order will not be placed at all.

The Fill and Kill feature is only available for the Darkpool product and can be used for both in-play and pre-play bets. Simply tick the 'Fill and Kill' box to activate this feature.

Fill or Kill

The Fill or Kill feature is an option that will allow you to match your order if it can be matched, otherwise it will be cancelled.

Examples:

Example 1: The market has €20 available for backing and you back for €30 and select the Fill or Kill option: Nothing will be matched at all and your order will be cancelled.

Example 2: The market has €50 available for backing and you back for €30 and select the Fill or Kill option: Your order will be matched and nothing will be cancelled.

Example 3: The market is empty and you place a back order of €10 and select the Fill or Kill option: Your order will not be placed at all.

The Fill or Kill feature is only available for the Darkpool product and can be used for both in-play and pre-play bets. Simply tick the 'Fill or Kill' box to activate this feature.

Rules

The rules for each game will be displayed in the market information in the tab 'Rules'. Additional information about the rules can be found in the Rules & Regulations and the Terms & Conditions.�

Settlement

Bets will be settled within 24 hours after a game ends. Normally this will be done immediately after the game.�

Easy API Integration

Spiffx offers you easy API Integration which will help you to trade better and more efficiently. API (Application Programmers Interface) is a technical interface that facilitates automated trading. The Spiffx system is a modern platform built to support automatic trading. API enables developers to create applications that seamlessly integrate with the Spiffx exchange.

Refer to the FAQs for further information or drop us a line on support@spiffx.com and we will be happy to help you.