Leads

A lead is a two-leg purchase that, because of a proven relation, pays at least

1 whatever happens. When the two legs cost less than

1 together, the difference is the edge. For example, if “49ers over 10.5 points” implies “49ers over 3.5 points”, then buying No on the first and Yes on the second pays $1 in every score:

49ers score	No on over 10.5	Yes on over 3.5	Pays
0 – 3	$1	$0	$1
4 – 10	$1	$1	$2
11 +	$0	$1	$1

At 5¢ and 90¢ the pair costs 95¢ for a guaranteed $1.

What a lead reports

curl "https://api.routeur.app/v1/opportunities?executable=true&cross_venue=true" \
  -H "X-API-Key: $ROUTEUR_API_KEY"

Field	Meaning
`legs`	The two contracts to buy, with venue, side and ask.
`cost_usd`	What the legs cost together, per pair.
`gross_edge_usd`	$1 minus the cost.
`estimated_fee_usd`	Fees estimated from each venue’s fee schedule.
`net_edge_usd`	Gross edge minus fees.
`depth`	For the best leads each run, both order books walked with real fees and minimum sizes.

Only leads with depth.executable could be filled at a profit when the books were read. Everything else is priced from top-of-book asks and may be too thin to fill. Leads are observations, not quotes: prices move between the run and your order.

To be told when a lead becomes executable, subscribe to the lead.executable webhook.

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Concepts

Webhooks

Reference

What a lead reports

​What a lead reports

What a lead reports