diff --git a/web/pages/about.tsx b/web/pages/about.tsx
index 54aa9453..fd810ed6 100644
--- a/web/pages/about.tsx
+++ b/web/pages/about.tsx
@@ -217,17 +217,35 @@ function Contents() {
judgment on the outcome, it leads to a qualitative shift in the number,
variety, and usefulness of prediction markets.
-
- How does betting in a market work on a technical level?
-
+
+ How does betting work?
+
+ -
+ Markets are structured around a question with a binary outcome (either
+ YES or NO)
+
+ -
+ Traders can place a bet on either YES or NO. The bet amount is added
+ to the corresponding bet pool for the outcome. The trader receives
+ some shares of the final pool. The number of shares depends on the
+ current implied probability.
+
+ -
+ When the market is resolved, the traders who bet on the correct
+ outcome are paid out of the total pool (YES pool + NO pool) in
+ proportion to the amount of shares they own, minus any fees.
+
+
+
+ What kind of betting system do you use?
Mantic Markets uses a special type of automated market marker based on a
dynamic pari-mutuel (DPM) betting system.
Like traditional pari-mutuel systems, your payoff is not known at the
- time you place your bet (it's dependent on the size of the pot when
- the event ends).
+ time you place your bet (it's dependent on the size of the pool when
+ the event is resolved).
Unlike traditional pari-mutuel systems, the price or probability that
@@ -238,6 +256,7 @@ function Contents() {
The result is a market that can function well when trading volume is low
without any risk to the market creator.
+
Who are we?
Mantic Markets is currently a team of three:
@@ -272,9 +291,16 @@ function Contents() {
Join the Mantic Markets Discord Server!
+
Further Reading
+