Mojo offers three types of stocks that are similar to traditional bets — with more styles of payouts to give you more control:
When the event ends, you either win money or lose your entire wager.
Payout:
$0 or $1 per share
Example:
JALEN WILSON • 20 Points vs. HOW on 3/16
$0.50 share price
Payout Structure on a $20 Wager (40 shares)
Wilson scores:
19 Points - Payout $0
21 Points - Payout $40
30 Points - Payout $40
40 Points - Payout $40
Win more if you are right. Lose less if you are wrong.
Payout:
$1 per share for every stat scored
Example:
JALEN WILSON • Points vs. HOW on 3/16
$20 share price
Payout Structure on a $20 Wager (1 share)
Wilson scores:
19 Points - Payout $19
21 Points - Payout $21
30 Points - Payout $30
40 Points - Payout $40
Lose everything if you're wrong. Returns can be huge if you're right.
Payout:
Each Option has a strike price — a stat that serves as an over/under line. A Call Option is essentially the OVER.
Mojo pays $1 per share for every stat ABOVE the strike price.
But if the stats at the end of the game equal the strike price or below, Mojo pays $0.
Example:
JALEN WILSON • 25 Point Call Option vs. HOW on 3/16
$1 share price
Payout Structure on a $20 Wager (1 share)
Wilson scores:
19 Points - Payout $0
21 Points - Payout $0
25 Points - Payout $0
30 Points - Payout $100
40 Points - Payout $300