Market Trades Markout Report - 2026-02-24

Date: 2026-02-24 | Generated 2026-02-25 04:43 UTC

Total Trades

125,349

Volume

$20,387,514

Unique Markets

542

Avg Trade Size

$162.65

Instant (vs BF)

+264.9 bps

Instant ($)

$+145,184

Matched Trades

27,866 (22%)

Cumulative PnL

Markout Curve

Overall Markout (vs BetfairFair)

Metric	Value (bps)	Value (USD)
Instant (vs BetfairFair)	+264.9	$+145,183.73
Markout 10s	+231.7	$+126,948.16
Markout 30s	+224.6	$+123,083.52
Markout 60s	+223.0	$+122,225.74
Markout 300s	+211.9	$+116,107.82
Markout 600s	+130.7	$+71,628.48
Total Return (Instant + Markout)
@ 10s	+496.6	$+272,131.89
@ 30s	+489.5	$+268,267.26
@ 60s	+488.0	$+267,409.47
@ 300s	+476.8	$+261,291.55
@ 600s	+395.6	$+216,812.22

By Game Phase

Phase	Trades	Volume ($)	Avg Price	Instant (bps)	Instant ($)	MO 10s (bps)	MO 30s (bps)	MO 60s (bps)	MO 300s (bps)	MO 600s (bps)
Pre-Game	12,605	3,829,844	0.575	+123.0	$+47,104.18	+157.1	+154.5	+156.4	+115.5	-31.6
In-Game	15,256	1,649,858	0.548	+594.5	$+98,078.45	+404.8	+387.4	+377.7	+435.6	+507.4
Unknown	5	198	0.850	+55.7	$+1.10	+0.0	+0.0	+0.0	+0.0	+0.0

By Strategy (Maker / Taker)

Classification: if aggressor bought above fair → we'd Maker Sell; bought below fair → we'd Taker Buy; aggressor sold below fair → we'd Maker Buy; sold above fair → we'd Taker Sell.
Edge and markout are from our perspective (positive = good for us).

Strategy	Trades	Volume ($)	Avg Price	Instant (bps)	Instant ($)	MO 10s (bps)	MO 30s (bps)	MO 60s (bps)	MO 300s (bps)	MO 600s (bps)
Maker Sell	16,968	2,810,258	0.571	+235.0	$+66,043.53	+371.8	+364.0	+355.6	+330.4	+148.6
Taker Buy	7,355	1,989,583	0.533	+263.8	$+52,492.87	+142.5	+136.4	+143.2	+95.5	+97.2
Maker Buy	2,631	399,469	0.491	+424.5	$+16,958.13	-187.6	-195.9	-193.6	+48.3	+157.3
Taker Sell	912	280,590	0.787	+345.3	$+9,689.21	+57.5	+52.8	+54.3	+82.5	+151.6

By Price Bucket

Bucket	Trades	Volume ($)	Avg Price	Instant (bps)	Instant ($)	MO 10s (bps)	MO 30s (bps)	MO 60s (bps)	MO 300s (bps)	MO 600s (bps)
0-10c	601	7,098	0.046	+10377.0	$+7,365.36	+65502.5	+65278.4	+65002.0	+62956.1	+61766.1
10-20c	2,697	385,838	0.154	+636.3	$+24,552.77	-43.1	-69.7	-75.2	-140.1	-61.5
20-30c	1,900	303,918	0.238	+441.0	$+13,403.58	-94.2	-92.7	-93.5	-159.1	-122.8
30-40c	2,746	269,520	0.338	+401.7	$+10,826.99	+2139.1	+2113.5	+2098.5	+2066.7	+173.1
40-50c	3,016	475,256	0.447	+313.3	$+14,888.64	-103.2	-99.1	-64.0	-141.1	-227.0
50-60c	4,649	983,235	0.547	+183.9	$+18,079.95	-22.5	-38.3	-41.5	-112.2	-119.4
60-70c	3,166	701,521	0.647	+146.8	$+10,299.41	+3.0	+6.0	-8.5	+190.0	+198.2
70-80c	1,929	391,770	0.765	+284.6	$+11,151.52	-52.3	-54.8	-66.5	-196.1	-46.8
80-90c	3,729	1,021,016	0.840	+130.8	$+13,357.01	-52.0	-54.9	-57.8	-33.3	-48.2
90-100c	3,433	940,728	0.944	+226.0	$+21,258.50	+442.2	+436.9	+441.1	+440.7	+474.2

By Side

Side	Trades	Volume ($)	Avg Price	Instant (bps)	Instant ($)	MO 10s (bps)	MO 30s (bps)	MO 60s (bps)	MO 300s (bps)	MO 600s (bps)
BUY	24,323	4,799,842	0.559	+247.0	$+118,536.40	+276.7	+269.7	+267.6	+233.1	+127.3
SELL	3,543	680,059	0.567	+391.8	$+26,647.34	-86.5	-93.3	-91.3	+62.4	+155.0

By Sport

Sport	Trades	Volume ($)	Avg Price	Instant (bps)	Instant ($)	MO 10s (bps)	MO 30s (bps)	MO 60s (bps)	MO 300s (bps)	MO 600s (bps)
UCL	16,648	3,163,084	0.586	+255.5	$+80,810.75	+248.1	+237.8	+236.3	+301.9	+330.6
NBA	6,206	1,867,102	0.506	+123.5	$+23,057.23	+300.2	+297.1	+294.2	+235.3	-55.2
WTA	1,084	181,556	0.576	+1011.5	$+18,364.78	-338.0	-285.7	-146.8	-476.0	-224.5
ATP	2,402	175,836	0.483	+660.9	$+11,620.42	-62.9	-92.2	-183.8	-773.7	-1009.1
Tennis	674	43,427	0.560	+385.2	$+1,672.60	-69.1	-181.9	-331.1	-244.3	-148.9
Football	623	40,972	0.657	+2224.7	$+9,115.14	+1.0	-0.7	-21.8	+10.6	-7.9
Unknown	80	3,834	0.668	+966.1	$+370.42	+133.6	+166.6	+138.5	+48.1	-107.0
Sports	88	3,177	0.695	+497.9	$+158.17	-263.7	-276.3	-261.0	-272.9	-288.9
EPL	53	880	0.519	+116.6	$+10.26	+0.0	+0.0	+0.0	+0.0	+0.0
Esports	7	31	0.573	+1284.3	$+3.94	+9.4	-17.0	-14.8	-148.5	-94.9
CBB	1	1	0.570	+156.1	$+0.02	-15.0	-15.0	-15.0	-15.0	-15.0

By League

League	Trades	Volume ($)	Avg Price	Instant (bps)	Instant ($)	MO 10s (bps)	MO 30s (bps)	MO 60s (bps)	MO 300s (bps)	MO 600s (bps)
UCL	16,648	3,163,084	0.586	+255.5	$+80,810.75	+248.1	+237.8	+236.3	+301.9	+330.6
NBA	6,206	1,867,102	0.506	+123.5	$+23,057.23	+300.2	+297.1	+294.2	+235.3	-55.2
WTA	1,084	181,556	0.576	+1011.5	$+18,364.78	-338.0	-285.7	-146.8	-476.0	-224.5
ATP	2,402	175,836	0.483	+660.9	$+11,620.42	-62.9	-92.2	-183.8	-773.7	-1009.1
atp	276	29,203	0.762	+305.8	$+893.02	-45.2	-100.0	-340.0	-493.6	-373.0
elc	312	16,041	0.698	+3349.8	$+5,373.30	+5.8	+31.3	+8.8	+46.9	+226.6
ucl	225	15,172	0.627	+2303.8	$+3,495.20	-4.9	-4.2	+6.8	-39.2	+17.5
wta	398	14,225	0.420	+548.0	$+779.58	-118.1	-350.2	-312.7	+267.6	+311.3
arg	70	9,215	0.625	+263.2	$+242.57	+2.2	-50.7	-123.6	+30.0	-458.6
Unknown	72	3,552	0.657	+1035.2	$+367.73	+144.2	+179.8	+149.6	+51.7	-115.8
EFL Championship	88	3,177	0.695	+497.9	$+158.17	-263.7	-276.3	-261.0	-272.9	-288.9
EPL	53	880	0.519	+116.6	$+10.26	+0.0	+0.0	+0.0	+0.0	+0.0
epl	16	545	0.400	+74.5	$+4.06	+0.0	+0.0	+0.0	+0.0	+0.0
uefa	4	197	0.830	+55.5	$+1.09	+0.0	+0.0	+0.0	+0.0	+0.0
egy1	4	85	0.702	+188.3	$+1.60	+0.0	+0.0	-2.4	+7.4	+12.4
scop	7	31	0.573	+1284.3	$+3.94	+9.4	-17.0	-14.8	-148.5	-94.9
CBB	1	1	0.570	+156.1	$+0.02	-15.0	-15.0	-15.0	-15.0	-15.0

By Hour of Day (UTC)

Hour	Trades	Volume ($)	Avg Price	Instant (bps)	Instant ($)	MO 10s (bps)	MO 30s (bps)	MO 60s (bps)	MO 300s (bps)	MO 600s (bps)
00:00	363	176,880	0.533	+75.9	$+1,341.79	-0.0	-0.0	-0.0	-0.0	-0.0
12:00	5	202	0.652	+12.1	$+0.24	+0.0	+0.0	+0.0	+0.0	+0.0
13:00	102	8,180	0.486	+248.9	$+203.59	+16.8	+16.8	+16.8	+12.0	-10.0
14:00	509	54,271	0.533	+79.3	$+430.61	-758.0	-758.0	-759.6	-760.7	-764.5
15:00	580	106,711	0.613	+80.4	$+857.86	+344.6	+343.6	+344.2	+329.8	+332.0
16:00	1,012	155,391	0.549	+196.0	$+3,045.24	-11.6	+4.3	-50.1	-166.2	-147.9
17:00	2,071	608,779	0.536	+225.4	$+13,720.19	+1.0	+5.2	+14.8	-85.0	-141.3
18:00	2,814	574,302	0.555	+169.7	$+9,743.04	-38.4	-63.9	-74.1	-62.3	-93.8
19:00	3,221	959,875	0.623	+157.9	$+15,152.71	+468.6	+462.1	+462.5	+452.2	+439.6
20:00	2,886	456,983	0.637	+114.4	$+5,228.63	-1.1	+19.1	+46.0	-5.3	-3.1
21:00	9,113	1,066,997	0.560	+655.7	$+69,962.97	+236.1	+216.7	+210.4	+390.1	+529.0
22:00	2,211	408,347	0.516	+144.0	$+5,882.03	+124.3	+108.8	+104.1	+97.9	+116.0
23:00	2,979	902,984	0.477	+217.2	$+19,614.80	+603.6	+598.1	+593.5	+434.7	-162.8

Top Markets (by Volume)

Market	Trades	Volume ($)	Avg Price	Instant (bps)	Instant ($)	MO 10s (bps)	MO 30s (bps)	MO 60s (bps)	MO 300s (bps)	MO 600s (bps)
FC Internazionale Milano vs. FK Bodø/Glimt — Will FK Bodø...	2,364	591,953	0.775	+61.9	$+3,666.01	-16.1	-24.3	-9.8	+230.8	+172.6
76ers vs. Pacers — 76ers vs. Pacers [998437]	966	414,101	0.808	+69.3	$+2,870.84	-14.6	-21.3	-25.0	-29.1	-32.6
Bayer 04 Leverkusen vs. Olympiakós SFP — Will Bayer 04 Le...	2,517	390,772	0.500	+150.6	$+5,885.40	+2.6	-5.7	-9.3	-86.7	-159.4
FC Internazionale Milano vs. FK Bodø/Glimt — Will FC Inte...	1,740	336,424	0.619	+203.5	$+6,845.07	-7.3	-22.4	-8.2	-11.2	+21.9
76ers vs. Pacers — 76ers vs. Pacers [034546]	839	277,915	0.195	+289.2	$+8,037.90	-88.0	-84.6	-93.4	-348.1	-338.0
Club Atlético de Madrid vs. Club Brugge KV — Will Club At...	766	274,727	0.306	+211.6	$+5,813.30	+1620.9	+1620.9	+1620.9	+1620.9	+1620.9
Newcastle United FC vs. Qarabağ Ağdam FK — Will Newcastle...	953	265,270	0.936	+114.5	$+3,038.26	-4.8	-6.8	-0.5	-1.2	-15.1
Warriors vs. Pelicans — Warriors vs. Pelicans [179059]	736	257,914	0.531	+128.2	$+3,306.16	-34.5	-51.8	-56.1	-83.3	-98.5
FC Internazionale Milano vs. FK Bodø/Glimt - More Markets...	795	255,419	0.711	+76.7	$+1,958.47	-0.3	-6.9	-15.5	-63.4	-92.3
FC Internazionale Milano vs. FK Bodø/Glimt — Will FK Bodø...	1,434	252,727	0.571	+337.6	$+8,531.21	-85.2	-84.2	-106.7	+303.4	+551.8
Thunder vs. Raptors — Thunder vs. Raptors [073390]	398	168,760	0.541	+117.6	$+1,985.20	+1.8	-1.4	-3.8	-41.6	-42.9
Real Madrid CF vs. Sport Lisboa e Benfica — Will Real Mad...	416	156,443	0.634	+65.7	$+1,027.66	-7.8	+0.6	+3.7	+4.5	+2.6
Club Atlético de Madrid vs. Club Brugge KV — Will Club Br...	459	131,321	0.893	+89.7	$+1,177.99	+3.9	+0.5	-9.9	-11.9	-29.1
Warriors vs. Pelicans — Warriors vs. Pelicans [415810]	225	128,025	0.472	+87.2	$+1,115.97	+9.0	+9.0	+11.6	-8.3	-82.3
Heat vs. Bucks — Heat vs. Bucks [253493]	526	122,854	0.680	+45.7	$+561.91	-7.2	-7.3	-8.3	-14.0	-8.5
Merida Open Akron: Magda Linette vs Tatjana Maria — Merid...	460	98,223	0.798	+625.0	$+6,139.07	+29.6	+137.3	+314.9	+373.8	+443.5
Wizards vs. Hawks — Wizards vs. Hawks [409745]	317	96,918	0.858	+27.9	$+270.45	-0.2	-0.2	+0.2	+0.3	+0.9
FC Internazionale Milano vs. FK Bodø/Glimt — Will FC Inte...	615	93,382	0.791	+432.8	$+4,041.81	+3907.3	+3907.3	+3907.3	+3907.3	+3907.3
Kings vs. Grizzlies — Kings vs. Grizzlies [734263]	78	85,608	0.429	+25.1	$+214.85	+0.0	+0.0	+0.0	+0.0	+0.0
Chile Open: Juan Manuel Cerundolo vs Cristian Garin — Chi...	1,556	84,275	0.520	+921.6	$+7,766.95	-10.9	-136.2	-251.0	-936.8	-948.6
Timberwolves vs. Trail Blazers — Timberwolves vs. Trail B...	142	65,492	0.316	+185.1	$+1,212.27	+8859.6	+8859.6	+8859.4	+8852.6	+743.1
Dubai Tennis Championships: Alexei Popyrin vs Kamil Majch...	413	54,835	0.528	+348.8	$+1,912.67	-35.3	+17.7	-237.0	-623.6	-644.7
Wizards vs. Hawks — Wizards vs. Hawks [736982]	340	54,668	0.149	+159.1	$+869.78	+764.4	+763.6	+763.6	+393.5	+395.6
Thunder vs. Raptors — Thunder vs. Raptors [023193]	600	46,426	0.469	+107.9	$+501.16	-9.3	+13.9	+11.1	+3.4	-1.3
Newcastle United FC vs. Qarabağ Ağdam FK - More Markets —...	223	46,030	0.396	+165.1	$+759.79	+146.9	+148.8	+164.7	-35.7	-184.8
Merida Open Akron: Camila Osorio vs Janice Tjen — Merida ...	168	45,614	0.815	+1178.7	$+5,376.73	-57.7	-161.2	-201.9	-697.3	+195.9
Real Madrid CF vs. Sport Lisboa e Benfica — Will Real Mad...	30	43,716	0.377	+341.7	$+1,493.57	+667.3	+667.3	+667.3	+667.3	+667.3
Club Atlético de Madrid vs. Club Brugge KV - More Markets...	451	41,532	0.576	+1178.4	$+4,894.06	-21.6	-40.2	-57.9	-127.8	-33.3
Spurs vs. Pistons — Spurs vs. Pistons [109388]	34	35,734	0.539	+193.0	$+689.56	+0.0	+0.0	+0.0	+0.0	+0.0
Club Atlético de Madrid vs. Club Brugge KV — Will Club Br...	415	32,846	0.130	+501.7	$+1,647.96	-0.1	-12.6	-161.2	-395.7	-264.5

Trade data from market_trades (all market trades from trade-recorder).
Instant and markout computed on trades matched to a poly_fair_update snapshot (ASOF JOIN, f0.PolyFair > 0). Only trades on symbols with BetfairFair values are matched.
side='BUY': Instant = Fair - Price, side='SELL': Instant = Price - Fair (positive = good for taker).
Markout = fair value change in trade direction after execution (positive = informed flow).
Strategy: Aggressor BUY above fair → Maker Sell, BUY below fair → Taker Buy, SELL below fair → Maker Buy, SELL above fair → Taker Sell. Strategy edge/markout is from our hypothetical perspective.