What is Live Betting?
Our Live Betting lets you bet on a live event during play, and is a WSEX trademark. In fact, the Company was founded by options traders looking to combine the two most exciting environments around: the sports book and the trading floor.
In a Live Betting event, a client buys and sells contracts on the outcome of his choice. At the end of the event, the winning side pays off at $100/contract; all other contracts expire at 0.
Prices are updated continuously throughout play, meaning that the value of individual contracts fluctuates based on the contestants' performance.
How do I buy and sell contracts?
Click on the "Live Betting" link on the main menu, then choose an event. For most events, two teams (or outcomes) will be listed. Golf is an exception: we try to list all the contenders, so up to (50) contestants may be listed.
To trade, simply click on the buy/sell price next to the contestant of your choice. A trading window will open in your screen's top-right frame. Confirm that the buy/sell button is set to your desired transaction type, and that the market price is acceptable. (The market price is listed for convenience; you can choose a different price without worry, as you will always be filled at the best available price.)
Finally, select a number of contracts via the second dropdown, then hit "place order."
That's all there is to it. You'll quickly receive a trade response from the WSEX system, either confirming that your order was partly/completely filled, or that it was rejected because the price was too low (for buy transactions) or too high (for sell transactions).
On what events do you offer live betting?
Live Betting is offered on major college and pro football games every weekend, plus Monday-Night football (including Thursday-night editions). We generally offer three games each on Saturday and Sunday (including the Sunday night game), but will seek to expand this schedule in the upcoming season.
In baseball, we offer the ESPN, TBS, and WGN games during the regular season - plus all the playoff and championship games, of course.
In basketball, we offer the ESPN, TNT, and TBS games during the week, plus the NBC games on the weekend - and again, all the playoff and championship games.
Perhaps our most exciting Live Betting markets are in golf. Every Thursday to Sunday, we open our golf markets for live trading during televised PGA coverage...with prices updated shot by shot!
In-progress proposition bets
What are in-progress proposition bets?
These are bets that are offered on games in progress such as "At-bats" or "Who will score next?".
These wager types allow customers to bet on what a player will do on his next at bat?
Single, double, triple, etc.?
How do I place a wager on them?
You can find the menu for in-progress propositions at the bottom of the interactive menu of the same event.
How quickly are they graded?
In-progress proposition bets are graded as soon as there is a result.