# Betting Mode Trade
### **Gameplay:**
In the Betting mode, users on both the Long and Short sides wager on the price movement of the underlying asset during the last 10 seconds of a settlement cycle.
* If the price increases, users on the **Long side** share the entire pool of funds from the Short side.
* If the price decreases, users on the **Short side** share the entire pool of funds from the Long side.
Each settlement cycle lasts for **10 minutes**, divided into three stages:
1. **Bidding Period (9 minutes):**
* Users can place orders with any amount.
* Orders can be canceled during this stage, but a 10% fee will be charged as a cancellation penalty fee.
2. **Freezing Period (50 seconds):**
* No orders or cancellations are allowed during this stage. Users simply wait.
3. **Betting Period (10 seconds):**
* The final 10 seconds of asset price movement are displayed, and results are settled after the countdown ends.\
### **How to Place an Order:**
During the **Bidding Period**, click on **Long** or **Short** and enter the order amount in the pop-up window to place your order.
 
### **How to Cancel an Order:**
To cancel an order, go to the **Order Details** section and click the **Cancel** button. A 10% cancellation fee will apply.
\
 
### **How to View Personal History:**
Click the **Venkate Logo** in the top-left corner and navigate to **My History** to view your transaction history.
 
### **How to View Global History:**
Below the K-line chart, the results of past settlement cycles are displayed:
* A **red circle** indicates the Short side won.
* A **green circle** indicates the Long side won.\
Click on a specific record to view settlement data for that cycle.
 
