How It Works
When you buy using a dollar amount, the system purchases as many contracts as that amount can cover at the current market price, rounded down to the market’s step size: 0.01 contracts on most markets, or 1 contract on whole-contract markets. The amount you enter also covers the trading fee. Any amount left over stays in your cash balance.Example
You want to spend 100 dollars to buy Yes contracts priced at $0.65. To keep the math simple, this example leaves out the trading fee:- Each contract costs $0.65
- 100 ÷ 0.65 = 153.846… contracts
- On a market that trades in 0.01-contract steps, that rounds down to 153.84 contracts
- On a whole-contract market, it rounds down to 153 contracts
Key Points
- Most markets support fractional contracts in steps of 0.01 contracts; a small number still trade in whole contracts only
- When buying with a dollar amount, you receive the most contracts that amount can cover at the current price, after the trading fee, in the market’s step size
- Any amount left over stays in your cash balance