How betting works

Open the match market#

Join a Chaos room as a spectator and open Market in the top bar. Connect your passkey to use the market. Classic rooms do not open betting markets; the V4 arcade retains its own markets. Choose which player to back and the number of shares. Purchases use the active betting balance, not an automatic debit from incoming wallet winnings.

A winning share pays 1 MON per whole share; fractional shares pay proportionally. The displayed potential payout is the gross payment if that side wins, not profit in addition to your purchase cost. Losing shares pay zero.

Review before signing#

The review shows the selected player, Estimated cost, Signed maximum and Payout if this player wins. In rooms, the maximum adds a 3% tolerance and conservative rounding to the displayed quote. The V4 review retains its 1% tolerance. The signed maximum bounds the spend. Quotes are state-dependent and can become stale while your passkey prompt is open.

Select Confirm bet with passkey only after reviewing the current details. If the market state changes beyond the permitted amount or closes, refresh the quote and review again. A gameplay key has no permission to approve a bet.

The account panel offers Get test betting credit and Withdraw credit to wallet, both with owner approval. Wallet winnings are not automatically deposited as betting credit.

Why prices move#

PONGIT uses a binary LMSR market maker. Buying shares changes the cost of subsequent purchases according to the outstanding shares and configured liquidity. The platform deposits real test-MON liquidity; the contract checks reserves against possible payouts. The current interface supports buying and settlement, not selling shares back before the result.

When bets are unavailable#

• A participant's account cannot bet on its own match.
• The market must be funded, opened and unpaused, and the match must be in play.
• In new rooms, bets stay open throughout the match after its initial publication. Confirmed paid totals affect paddle sizes only at a future point boundary. Bets included in or after the final game second are refunded. Previous rules-4 markets retain their 40-block windows; the V4 market retains its collision guard.
• Quotes bind the game state; an outdated version can be rejected.

These restrictions reduce latency advantages, but do not guarantee their elimination or identify every related wallet.

Chaos changes the game#

See Chaos rules and automatic payouts and refunds. All current betting is on Monad Testnet.