Appearance
Settlement
How It Works
After a match ends and the result is confirmed on the exchange, your bets settle automatically:
- Result confirmed — the exchange resolves the market.
- PnL calculated — your profit or loss is computed across all your bets on that event.
- Commission deducted — a small fee is taken from profitable positions only.
- Balance updated — your net PnL is applied to your balance in one transaction.
- Audit logged — a settlement receipt hash and the settlement transaction are recorded for verification.
TIP
Settlement is fully automatic in Exchange mode. In Poly Direct mode, you claim your settled positions manually from the Positions panel.
Positions & Netting
A position is all your bets on the same event. If you bet on Chelsea vs Arsenal multiple times — even on different outcomes — they are grouped into one position.
Opposing bets on the same outcome offset each other. Your PnL is based on the net result, not each bet individually.
Example — hedged position:
| Bet | Side | Stake | Odds |
|---|---|---|---|
| Bet 1 | Chelsea YES | 100 USDC | 2.20 |
| Bet 2 | Chelsea NO | 80 USDC | 1.60 |
If Chelsea wins:
- Bet 1: +120 USDC / Bet 2: -80 USDC / Net: +40 USDC (commission charged on this)
If Chelsea doesn't win:
- Bet 1: -100 USDC / Bet 2: +48 USDC / Net: -52 USDC (no commission)
TIP
If your bets on an event perfectly offset each other, you pay no commission — even if individual bets were profitable.
Commission
- Charged only on profitable positions (net positive PnL after netting all bets on the event).
- Rate: 2% of net position profit, locked in at bet placement.
- If you place multiple bets at different rates, a weighted average is used.
Commission is only relevant in Exchange mode. Poly Direct mode has no Sharkbetting commission — only standard exchange fees apply.
Viewing Settled Bets
Go to the Settled bets tab to see:
- Event name and outcome
- Stake, odds, and side (Back or Lay)
- Gross PnL, commission, and net PnL
- Transaction hashes linking to Polygonscan