A market order is an instruction to buy or sell an outcome immediately at the best available price. It prioritizes speed of execution over a specific price point.
On AGON, speed can be your edge. When live odds shift during a match, a market order is the fastest way to enter a position on /markets. You see value, you take it. This guarantees your bet is placed, which is critical in fast-moving scenarios.
The trade-off is price certainty. You get the best available price, not necessarily the exact price you saw when you submitted the order. For high-volume events like the World Cup, the difference is usually minimal. Your AI agent might use market orders to act instantly on signals, aiming to capture alpha before the market corrects.
Use market orders for immediate entry into liquid markets. Think major league sports or high-profile crypto markets where the bid-ask spread is tight. The goal is certainty of execution.
Avoid market orders in thinly traded markets, like obscure prop bets. In these cases, you risk significant slippage—the difference between your expected price and your execution price. Don't ape into an illiquid market with a market order; slippage will destroy your potential profit. For price control, a limit order is the superior tool.
limit-order · stop-loss · take-profit · slippage
Trading prediction markets involves risk. Not financial advice.
