Users can trade contracts based on the outcomes of sporting events thanks to Polymarket sports markets, such as match/tournament winners, point spreads, and other game-related results.
Sports is just one of the many categories featured on the platform, but it is one of the most popular. Below, we’ll go into more detail on what exactly Polymarket is and how it is used, how sports contracts work, what exactly you can trade on, and why the platform has become so popular for sports fans.
If you’re new to the platform and prediction markets as a whole, then the concept might all seem a little much to wrap your head around. Don’t fret — we’re here to clear things up, and it’s really not as complicated as you might think.
On Polymarket, you buy (and sell) shares based on the potential outcome of real-world events. Of course, we’re here to discuss Polymarket sports contracts today, but it’s good for you to know that the platform also enables you to trade on events in categories such as politics, economics, cryptocurrency, pop culture, entertainment, and more.
If you’d like more details on the above, you can check out our Polymarket review.
Now, back to sports.
How does buying and selling shares work for sporting events, and how are winnings determined?
The price of a share can be between $0.01 and $0.99, and is indicative of what the market believes is likely to occur.
Let’s say a contract asks whether Team A is going to win the finals, and the “yes” shares are trading at $0.70. A $0.70 price implies the market believes there’s a 70% chance of the outcome occurring. If you also believe Team A is indeed going to take the trophy, you can buy one (or more) of these shares.
Note that prices can change as traders react to new information such as injuries, team news, public opinion, and/or in-game developments.
If you don’t want to wait until the final outcome to see if you’ve made or lost money and would rather sell your share(s) ahead of time, you can do so before the market resolves. The ability to sell before resolution means you can quickly respond to any changing circumstances, which is a great benefit.
If the price of the “yes” share has increased to $0.75, for example, then you could sell your shares for a profit. If it has decreased to $0.60, you’d be selling at a slight loss, though you’d likely only do this if you’ve become convinced of a “no” outcome and are trying to avoid an even bigger loss.
However, selling does depend on there being sufficient market liquidity and buyers that are willing to trade at your chosen price point, so keep in mind that an early exit is not always guaranteed.
If you opt not to sell your share(s) and wait until the event is over, then how it works is that each winning share pays $1, while each losing share pays $0. Check out the below table for a clear breakdown of this.
This is based on the example of one “yes” share being bought for $0.70.
| Outcome | Payout | Profit/Loss |
|---|---|---|
| Team A wins | $1 | $0.30 profit |
| Team A loses | $0 | $0.70 loss |
There are also a few small Polymarket fees to consider when making trades, so be sure to factor this in when calculating your total profit.
It’s very simple to create an account with the operator, just follow the steps below.
Click the banners on this page to head to the site.
Press the “Sign Up” button at the top of the page.
Follow instructions to sign up via an email address or Google account.
Verify your email address with the link sent to you.
Create a username and agree to the Ts and Cs.
Begin browsing the available sports markets to find something you’re interested in.
Do sports markets work differently to other markets?
In general, the buying and selling of shares for each market works in the same way. The platform’s sports markets follow the same basic trading model as other prediction markets, such as Polymarket election markets. Users buy and sell contracts on possible outcomes, and winning shares pay out according to the market’s settlement rules.
The only real difference is what contracts measure. For example, while a political market might ask who will win an election, a sports market can focus on a match result, a scoring margin, total points, an individual player’s performance, a tournament outcome, and so on.
Sports outcomes tend to develop over a pretty short period of time, and, as mentioned, new information can quickly change the price of a contract, such as a goal, red card, injury, player’s availability, and so on.
The impact of these developments, however, depends on the type of contract involved. A late goal can significantly affect a match-winner market, for example, while a player’s injury may have a greater impact on contracts that are tied to individual performance.
You’ll be able to trade on all kinds of sports at Polymarket across professional leagues, college competitions, international soccer, and even combat sports. You might find that the market range varies by sport and season, with new markets appearing as events approach, but below is a general list of what’s available to you both on the site and the Polymarket app.
There’s really something for every sports fan here. You’ll even find some more niche sports, such as golf, chess, and cricket.
Yes, new traders can take advantage of the operator’s generous welcome offer of a $25 trading bonus once a $10 deposit has been made. All you have to do is sign up, verify your account, and make your first deposit of this amount to claim the bonus, which can then be used to buy event contracts.
You may also be able to receive what Polymarket calls “Liquidity Rewards,” which are essentially extra payments users can get by helping make it easier for other people to buy and sell sports contracts. This is done by placing certain limit orders that give other users more opportunities to trade at competitive prices. Payments are calculated daily, but are not guaranteed unless you meet the specific terms and conditions.
If you’re currently torn between whether to sign up to Polymarket or another prediction market platform, here are a few pros and one minor drawback of the operator’s sports offerings to help you make up your mind.
Polymarket allows its users to make their predictions on the outcomes of a wide range of sporting events, such as American football, basketball, and soccer. The platform enables users to purchase event contracts and potentially sell positions before settlement, which offers lots of flexibility. You won’t be seeing any odds here, but the price of a share does give you a good indication of what the market thinks is likely to happen.
If you’re interested in making your own sports predictions, we’d say Polymarket is a pretty good place to start. Feel free to check out any of the banners on this page for more information, or click through to begin the sign-up process.
Yes, US residents who are at least 18 years of age and who live in an eligible state can sign up to trade on sports markets at Polymarket. The operator is CFTC-regulated and completely safe to use.
There are plenty of different sports featured on Polymarket, such as American football, basketball, soccer, baseball, hockey, and more. Check out the official site for a full list of what’s available.
It’s absolutely possible to make a profit, either by selling your positions for more than you paid before the market resolves or by holding a winning contract until it settles. Keep in mind, though, that losses are always possible and there’s never a guaranteed strategy for making money.