What is a Market Order Collar?

A market order collar is a flexibility setting that increases your chances of getting orders fulfilled by allowing matches within a specified percentage range of your submitted price. This feature helps you balance between getting your bets matched quickly and maintaining your desired price point.

A market order collar represents the percentage difference from your submitted price that you're willing to accept to get your bet matched. When you place a market order with a collar:

• Your order can match with opposing orders priced within the collar percentage


• The match occurs at the midpoint between the two prices
• No high fees are charged like traditional betting platforms
  

When you place a market order on BettorEdge, you can select a collar percentage (0%, 1%, or 2%):

• 0% collar: Your order will only match at exactly your requested price
• 1% collar: Your order can match with orders within 1% of your price
• 2% collar: Your order can match with orders within 2% of your price

Premium users can set higher collar percentages in their profile preferences, increasing the likelihood of their orders being fulfilled.

Let's see how a 2% collar works in practice:

1. Jane places a market order to bet on the Cowboys to win at +105 odds (48.78% probability)
2. The marketplace has an open order (also with a 2% collar) for the Cowboys to lose at +100 odds (50% probability)
3. Since the difference between these prices falls within the 2% collar range, Jane's order will be fulfilled
4. The match price is calculated at the midpoint: +102.5 (49.38%)
5. Both users get matched with no high fees
   

Your approach to collars depends on your betting priorities:

• For faster fulfillment: Set a wider collar (1-2%) to increase matching chances
• For exact price control: Use a 0% collar or place limit orders instead

Premium users have additional flexibility to customize their default collar preferences in their profile settings.

To set your market order collar preference:

1. Go to your profile and select "Edit Profile"
2. Navigate to the "Preferences" tab
3. Set your default market order collar percentage
4. Save your settings
   
   

Remember: Wider collars (higher percentages) increase your chances of getting matched but may result in slightly different prices than initially requested. Tighter collars give you more price control but may take longer to match.