Outright markets provide the opportunity to choose who will win a particular prize, competition, group or race, etc.
Examples include:
• The final result of a competition, such as a golf tournament or F1 driver's championship.
• The final result of a preliminary round, i.e. the group winner in the World Cup.
• The final result of a race, such as the individual winner of an F1 race.
• MVP award winners etc