How to Create Your First Order

In short, an order is an intent to purchase a bet at a specific price. Your order can be automatically filled or could take some time based on various conditions. Let's dive into creating one and the different components.

While it may sound challenging, creating your first order on BettorEdge is quick and straightforward. In just three simple steps—selecting an event and market, creating your order with a specified quantity, and letting the trade occur—you can place your first bet without the high fees charged by traditional sportsbooks.

Before placing your first order, it's helpful to understand what happens behind the scenes:

• Your order represents your intention to take a position on a sporting event
• BettorEdge matches your order with other users who want the opposite outcome
• Once matched, your order becomes a bet position that you can manage until the event concludes

1. Pick an Event & Market
• Navigate to the "Markets" tab on the BettorEdge platform
• Browse available events or use the search function to find a specific game
• Select the event you're interested in betting on
• Choose your preferred market type:
• MoneyLine: Bet on which team will win outright
• Spread: Bet on a team to win by more than (or lose by less than) a specified margin, read more here
• Total: Bet on whether the combined score will be over or under a specified number
2. Create an Order & Enter Quantity
• Select the outcome you want to bet on
• Enter your desired bet amount using one of these methods:
• Type in a specific amount
• Use one of the preset default unit size options


3. Review the details of your order, including:
   • Selected event and outcome
   • Odds/probability
   • Potential payout
   • Order type (market or limit)
4. Submit and Watch the Trade Occur

1. Click the "Submit" button to finalize your order
2. Your order will be matched with opposing orders automatically (if they're available)
3. Once matched, it becomes a bet position in your account
4. You'll receive a confirmation of your successful order

Choosing Between Market and Limit Orders

For your first bet, a market order is typically the simplest option:

Market Order (Recommended for beginners)

• Executes at the current market price
• Higher priority for matching
• Faster execution
• Includes a small price protection buffer (1% collar)

Limit Order (For more experienced users)

• Executes only at your specified price or better
• More control over your entry price
• May take longer to fill or might not fill at all
• Useful when you have a specific price target

Order Not Filling

• Check if you've placed a limit order at a price that's not currently available in the market
• Consider switching to a market order for faster execution
• Ensure you have sufficient funds in your account

• Remember that market orders execute at the best available price, which may differ slightly from what you saw initially
• The collar on market orders increases likelihood of an order being fulfilled and may adjust the price slightly within the collar % settings

Ready to place your first order? Here's a quick checklist:

1. Create and fund your BettorEdge account if you haven't already
2. Familiarize yourself with the different market types
3. Start with a market order for your first bet
4. Choose a popular event with higher liquidity for better matching
5. Start with a comfortable bet size as you learn the platform

After placing your first bet, you can:

• Share your bet with friends through the platform
• Consider donating the fees you saved (compared to traditional sportsbooks) to charity
• Explore more advanced features like limit orders as you gain confidence

Remember, unlike traditional sportsbooks with their high fees, BettorEdge connects you directly with other bettors for a more transparent and cost-effective betting experience.

For more information, check out our Market Overview to learn more about how BettorEdge works!