> ## Documentation Index
> Fetch the complete documentation index at: https://tickside.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.
# The ladder
> One row per price: traded volume, both sides of the book, your own resting stakes, and what closing there would lock in.
Every outcome is its own ladder and every row is one price.
Reading left to right:
| Column | What it holds |
| ---------- | ------------------------------------------------------- |
| **Spark** | a mark per trade, so recent activity has a shape |
| **Traded** | how much volume has gone through at each odd |
| **LAY** | resting asks. Click to lay this outcome |
| **Odds** | the price. Your own resting stakes appear here in amber |
| **BACK** | resting bids. Click to back this outcome |
| **P\&L** | what closing at that odd would lock in, after fees |
## Placing
**Click a BACK or LAY cell** to place at that price.
* Click **into** the market's price and it fills now. That is a taker order.
* Click **away** from it and the order **rests** until the price comes to you.
That is a maker order and it pays no fee.
Click the same cell again to **stack** more at that price. The amber total in
the odds column grows with it.
A resting order never jumps the spread. It sits at the price you chose and fills
only when the market gets there.
## Cancelling
Four ways, and they differ in reach.
| Gesture | Cancels |
| ---------------------------------------- | ------------------------------------------ |
| Click the amber stake in the odds column | everything at that rung, both sides |
| Right click a BACK or LAY cell | that side of that rung |
| **✕** in the Unmatched panel | that one order |
| X | every order on the ladder under the cursor |
## Closing out
Two ways out, and they are the same trade at different sizes.
**⇄ hedge** flattens the whole position through the book in one click. It takes
whatever the market is offering right now.
**Click a P\&L cell** to close at one particular price instead. The column already
shows what closing at each rung would lock in, after fees, so you are picking a
number you can read rather than doing the arithmetic first. The cells only
respond while you hold a position the book can actually close.
## What your stake means
The **S / L / E** button (or M) decides what your preset stands for.
This is the control most worth understanding, because the same number can mean
three very different amounts of risk.
The figure is the **stake**. A back risks it. A lay risks it × (odds − 1).
So $100 at 1.10 risks $10, and the same $100 at 10.0 risks $900.
The figure stays **fixed whatever the odd**, and both sides size as
stake ÷ (odds − 1).
A lay risks exactly it: $100 at 10.0 risks $100 to win $11. A back turns it
into the **profit** you are playing for: $100 at 5.0 stakes $25 to win $100.
This is Bet Angel's grammar, for anyone arriving from there.
The figure is the **cash that leaves your wallet**, the same on either side
at any odd.
A lay sizes as it does under **L**, so $100 at 10.0 puts $100 up. A back
simply spends it: $100 at 5.0 stakes the whole $100, to win \$400.
That back is the only thing separating **E** from **L**.
## Below the ladder
**Matched / Unmatched** lists your fills and your working orders. The header
carries exposure and live P\&L.
A taker order that never actually entered shows as **VOID**. It never counts
toward P\&L. The desk shows it so a bet you thought you had does not simply
vanish.
## The header chips
Three panes, opened from the chips beside the market's name.
* **✳ markets** for every market of this game
* **line** for the price chart, over 15M / 45M / 90M / ALL
* **flow** for the trades as they happen