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Settlement Scope
Q: What is settlement scope? A: Settlement scope defines which part of a match a market uses for settlement, such as 90 minutes, first half, extra time, or penalties.
Settlement Scope
Q: What is settlement scope?
A: Settlement scope defines which part of a match decides the result of a market.
Football markets may use different scopes:
| Scope | Meaning |
|---|---|
| Full-time 90 minutes | Includes stoppage time, excludes extra time and penalties |
| First half | Only the first-half result |
| Extra time | Extra-time specific or extra-time inclusive markets |
| Penalties | Penalty shootout result |
This matters in arbitrage. Markets with different settlement scopes should not be mixed casually.
For example, if a match is 1:1 after 90 minutes and 3:2 after extra time, a 90-minute market sees 1:1. A qualification or extra-time market may see 3:2 or the advancing team.
They are the same match, but not the same risk space.
Before looking at odds, the model must first ask:
Are these legs settled under the same scope?
Only then do payout matrices and full-result coverage make sense.