# What are bets?

### What does it mean to place a 'bet'?

In Polypill, **bets** represent your prediction on the outcome of a market event.\
When you buy a **Yes** or **No** share, you’re locking in your belief about how that event will turn out.

* Each bet is placed on-chain and cannot be changed or withdrawn until the market settles.
* The price of a share reflects the market’s collective belief closer to **1.0** means higher confidence in that outcome.
* When the event resolves, winning shares automatically pay out according to the result.

**Example:**\
If you bet 1 SOL on “Yes” at 0.6 SOL and the outcome is true, you receive 1 SOL back (plus profit).\
If the outcome is false, your stake is lost.

**In short:** Bets on Polypill are conviction-backed positions that stay locked until the truth is revealed.


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