Markets · Part of the handbook

Order book basics for Polymarket bots

A bot that only knows “buy YES at 0.52” does not know the book. Edge lives in depth, queue, and fee drag — not in a single mid price.

What the book is telling you

  • Top of book — best bid/ask; thin tops lie about depth
  • Depth a few ticks away — where your size actually fills
  • Spread — the tax you pay for urgency
  • Stale books — disconnects and lag look like free money until they do not

Maker vs taker

When taker Θ rises, limit designs matter more. That does not mean “always make.” It means your model must price the cost of taking at mid — see US fee guide.

StylePays forRisk
TakerSpeed / certainty of fillFee drag + adverse selection
Maker / limitBetter fee economics (when schedule favors it)Queue, non-fill, adverse selection

Bot design implications

  1. Never size from top-of-book alone — walk the book in the model
  2. Kill on stale data — a frozen book is not an opportunity
  3. Paper with realistic fills — risk controls
  4. Confirm path before you trust any book tutorial — US vs International

This page is part of the Polymarket trading bots handbook.

Join the Bot for Polymarket waitlist if you want a hosted path with risk limits.

Fee references and product status updated October 7, 2026: Polymarket US fee schedule.

Product waitlist

Follow Bot for Polymarket

Get updates on our planned no-code bot for Polymarket. Join with an email; no wallet connection or trading keys needed.

More guides

We use your email for the updates you request. Privacy policy.