> For the complete documentation index, see [llms.txt](https://polypoll.gitbook.io/polypoll-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://polypoll.gitbook.io/polypoll-docs/user-guide/betting.md).

# Betting

Paper trading on PolyPoll means buying or selling shares with POLL points.

## Core idea

* Buy **YES** if you think the event will happen.
* Buy **NO** if you think the event will not happen.
* In multi-choice markets, buy the option you think will win.

## What you pay

You pay in **POLL points**, not cash.

Each trade returns a quote that shows:

* number of shares
* total points spent or received
* fee
* projected price after the trade
* price impact

## How settlement works

When a market resolves:

* winning shares pay **1 point each**
* losing shares pay **0**

## Selling before resolution

You can sell before resolution if:

* the market is still open
* you own enough shares

Selling lets you lock in gains, cut losses, or rotate into another market.

## Fees

Paper trading uses a **1.5% fee** on buys and sells.

* **20%** of the fee is reserved for the creator
* **80%** of the fee goes to the protocol

## Tips

* Lower prices mean more upside if you are right.
* Higher prices mean lower upside but a higher implied chance of winning.
* Larger trades move the market more.
* Thin markets are more sensitive to new trades.


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