How fees work on Teams picks
Your total cost has two parts:
Contract value: the amount that goes toward your pick, set by the current market price.
Service fee: a small fee added to each transaction.
Example: $29.42 contract value + $0.58 fees = $30.00 total, with a $58.00 payout if you’re correct.
How the fee is calculated
Fee rate = 0.025 × (1 − p) / (0.16 + p) + 0.0015
p is the market price of your pick, which is the market’s estimate of how likely it is to happen. For example, 0.50 means a 50% chance. The fee rate is applied to your contract value.
Why is the cost “estimated”?
Your pick is placed as a market order and fills at the best price available. That means your final cost can be slightly different from the estimate.