Mojo is offering the first-ever prop bet you can trade in and out of instantly, like a stock.
The Share Price is the Betting Line
Prices for each binary bet move between $0.01 and $0.99, ultimately settling at either $1 or $0. If the market thinks there’s a 50% chance at the outcome, the price will be $0.50. A 75% chance would be $0.75, and so on.
Take the Over or Under
If you think Jones will throw at least one TD, take the over (Go Long). If you think he’ll throw none, take the under (Go Short).
Trade In and Out Instantly
The share price moves with every play. If DJ looks awful in the first quarter, the share price might drop. But as each drive gets closer to end zone, the odds go up, and vice versa. Cash out your profits, cut your losses, or change your bet anytime. A TD at any point in the game, or the end of the game without a TD, ends the bet.
This bet would settle at either $0 (no TDs) or $1 (at least 1 TD). Your return will be the difference between the price at which you bought the stock, and the settlement. You can never lose more than you put down.