How do users profit from a Positional Order?

11 months ago
VOdds Team
2 minutes

A Positional Order is essentially a bet on the odds movement of an event. If the odds moves sufficiently in favour of your selection, your Positional Order would be profitable. Conversely, if the odds moves against your selection, then your Positional Order would be unprofitable.

Example: User opens a Positional Order on an English Premier League match between Bournemouth Vs Liverpool. His selection for Opening Positional Order is on Bournemouth HDP +0.50 at odds of 2.100 for a stake of $100. At this instance, the market was offering:

Bournemouth HDP +0.50 @@ 2.10

Liverpool HDP -0.50 @@ 1.86

Subsequently, information that Liverpool manager has decided to make 10 changes to his first team line-up, caused a flurry of bets on Bournemouth HDP +0.50. Sportsbooks slashed their odds in response to the heavy betting and markets moved to:

Bournemouth HDP +0.50 @@ 1.67

Liverpool HDP -0.50 @@ 2.39

At this point, user decides to cash out on profits by invoking a Closing Positional Order on Liverpool HDP -0.50 at odds of 2.39 for a stake of $87.87. Therefore, the Positional Order is closed.

Bet TypeSelectionStakeOdds
Opening Positional BetBournemouth HDP +0.50 $100.002.10
Closing Positional BetLiverpool HDP -0.50$87.872.39

In the event Bournemouth wins or draws:

Bet TypeSelectionStakeOddsP&L
Opening Positional BetBournemouth HDP +0.50$100.002.10 +$110.00
Closing Positional BetLiverpool HDP -0.50$87.872.39-$87.87
Total +$22.13

In the event Bournemouth loses:

Bet TypeSelectionStake Odds P & L
Opening Positional BetBournemouth HDP +0.50$100.002.10-$100.00
Closing Positional BetLiverpool HDP -0.50$87.872.39+$122.13
Total +$22.13

Therefore, no matter what the outcome of the match is, the user stands to profit $22.13.