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Our exchange uses a maker-taker pricing model designed to reward bettors who provide liquidity to the marketplace.
When a wager executes, the fee charged depends on whether the bettor acted as a:
Makers wager fee-free. Takers pay fees based on their loyalty tier.
For each executed order, fees are calculated as:
Where:
| Variable | Definition |
|---|---|
| f | Applicable fee factor based on loyalty tier and maker/taker status |
| C | Number of contracts executed |
| p | Execution price |
| ceil() | Rounds the resulting fee up to the nearest cent |
Fees are rounded up to the nearest cent after aggregation at the order level.
| Loyalty Tier | Maker Factor | Taker Factor |
|---|---|---|
| Rookie | 0.00 | 0.10 |
| Veteran | 0.00 | 0.08 |
| All-Star | 0.00 | 0.06 |
| MVP | 0.00 | 0.04 |
| Hall of Fame | 0.00 | 0.00 |
The fee formula contains the term:
This value is:
As a result, fees are highest near the center of the market and lower near either extreme and the fee curve is symmetric. A wager at $20 generates the same fee as a wager at $80.
Because the fee formula includes the term:
the fee reaches its maximum when the wager price is $50.
At a price of $50:
Therefore:
The table below shows the highest fee that can be charged for a single contract.
| Loyalty Tier | Taker Factor | Maximum Fee per Contract |
|---|---|---|
| Rookie | 0.10 | $2.50 |
| Veteran | 0.08 | $2.00 |
| All-Star | 0.06 | $1.50 |
| MVP | 0.04 | $1.00 |
| Hall of Fame | 0.00 | $0.00 |
Wagers executed above or below $50 will incur lower fees.
Fees are calculated and aggregated at the order level rather than the individual execution level.
If a single order is executed through multiple partial fills, all fills associated with that order are combined before fees are calculated and rounded.
Example
A Rookie-tier bettor submits an order for 100 contracts at $50.
The order is filled through 100 separate executions of 1 contract each.
The fee is calculated using:
The fee is calculated once using all 100 contracts rather than calculating and rounding fees separately for each partial execution.
The examples below assume:
| Wager Price | Fee |
|---|---|
| $5 | $0.48 |
| $10 | $0.90 |
| $25 | $1.88 |
| $50 | $2.50 |
| $75 | $1.88 |
| $90 | $0.90 |
| $95 | $0.48 |
These examples illustrate that fees are highest near $50 and decrease as prices move closer to either $0 or $100.
If you or someone you know has a gambling problem and wants help, call Connex Ontario at 1-866-531-2600 or visit here. STX is licensed in the province of Ontario by Alcohol and Gaming Commission of Ontario to provide Internet Sports Betting Services. Persons under 19 are not permitted to engage in online sports wagering in Ontario.
