Resources

Glossary

Line: An angled band of two rails, drawn on the live price. Its author earns a cut of wins inside it.
Position: A stake on a corridor, your own or somebody else's, on a side. Entered at the locked mark.
Hold: Backing a corridor to keep both rails to the end. Wins if no rail is touched.
Breach: Backing a rail to be touched before the end. Wins the moment one is.
Rail: One of the two boundaries of a corridor. Touching one resolves the whole thing.
Sideline: Taking a side on somebody else's running corridor, at odds read off its hold probability.
Angle: How far the corridor leans, from -1.8 to +1.8, measured in span across the whole run.
Width: Rail distance from the centre, from 0.75x to 2.4x span.
Duration: How long the position runs, from 10 minutes to 24 hours.
Hold probability (P): The model's chance the corridor keeps both rails to the end. Prices both sides.
Multiplier (M): Your payout factor, final at lock. The inverse of your side's win probability, less the spread, capped by the ceiling.
Spread (d): The venue's published margin, 3.5%, the same on both sides. No hidden odds edge.
Ceiling: The maximum multiplier, x30, which keeps the backstop solvent.
Span: An asset's typical move over a run of that length. Sizes the corridor at open, never decides the outcome.
Lock: The moment a signed price report sets your entry and fixes your multiplier.
Backstop: The neutral onchain counterparty that pays every winning close.
Author's cut: The corridor author's share of every winning ticket on it: 20% of its profit fee.
Net score: Realized P and L plus cuts earned. The venue's skill metric, and how the standings rank.
Operator: The service that posts signed quotes and locks entries to reports. It cannot pick an entry price or a winner.
$HOLD: The single asset every product runs on. Play with it, win it back, stake it to back the backstop.