What is Close Market？
Synonyms
| Category | English | Chinese | Notes |
|---|---|---|---|
| Formal Term | Market Closed | Market Suspension: Closing the market temporarily to prevent further exposure. | Betting is paused but may reopen later. |
| Player Slang | Synonym | 盘关了/收盘 | Trader / Trafficker |
Definition
Market Closed refers to a betting market being permanently closed and no longer accepting any bets. This typically occurs when:
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The match has already started (Pre-match market closed).
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The match has ended (All in-play/live markets closed).
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A specific event is confirmed to be impossible to occur.
Mechanism
Close Market is different from Market Suspension:
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Market Suspended (鎖盤) = Paused, may reopen later.
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Market Closed (封盤) = Permanently shut down, will not reopen.
Note: Once a market is closed, players can only wait for the final settlement.
Usage Scenarios
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Pre-match: Usually closed 1–2 minutes before the game begins.
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Live Betting: All markets are closed the moment the match ends.
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Outrights: Certain long-term markets (e.g., tournament winner) are closed after a specific stage is reached.
Risk / Compliance Points
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Platforms must clearly label the market status (Open / Suspended / Closed).
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Platforms must not allow bets to be placed after a result is effectively determined (Illegal trading/manipulation).
Common Misconceptions
| Misconception | Description |
|---|---|
| Market Closed = Foul play or "fishy" | In most cases, it is a standard part of the match scheduling logic. |
| Can request customer service to place a bet manually after closure | Legitimate platforms will strictly never allow this. |