Leverage and the max-loss price

What leverage does here

Leverage multiplies the exposure your wager controls. Moon offers up to 1000x. The wager itself doesn't move. What moves is how much of a price wobble gets pushed into profit or loss, and how fast that happens on a screen.

Moon also sets the boundary: you cannot lose more than the wager, and the account balance cannot go below zero. Your wager is the ceiling on losing that bet. It is not the ceiling on losing the evening.

Moon’s worked example

Moon publishes this one. A 100 wager at 1000x controls a 100,000 position, with Bitcoin referenced at 60,000. A 0.1% move in your direction doubles the wager. A 0.1% move against you takes the whole thing.

Bitcoin moving 0.1% is a slow Tuesday. It happens inside a minute on any ordinary day. A 1000x multiplier turns background noise into a wiped wager. That is the honest way to read the number.

The max-loss price

Moon draws a max-loss price on the chart as a red line. When the referenced price gets there, the bet closes automatically, wager gone. In the example above, the line sits at 59,940. That's it.

Two things follow. The line is where the bet ends, not where it starts hurting. And the only lever that moves the line further away is lower leverage, which is the whole point.

Moon also offers Auto Profit Close and Auto Loss Close in currency amounts, so you can close out before the red line does it for you.

What leverage does to costs

The opening fee is 1% of the wager, not of the leveraged exposure. Moon's own example: a 1,000 wager at 10x controls 10,000 and pays a 10 fee. Raising leverage on the same wager doesn't raise the opening fee. This is the one place Moon is friendlier than you feared.

What leverage really changes is the shape of what comes after. A bet that hits its max-loss price fast pays one opening fee and dies. A bet you leave open across days pays a holding fee every 8 hours at a rate Moon calls dynamic and won't put a number on.

Full breakdown: Moon.com fees. How fees feed the rakeback base:rakeback explained.

Sizing, stated plainly

No staking systems here. No bankroll formulas, no strategy. Moon calls this a gaming product by its own description, with Moon as counterparty and a house edge inside the price. There is no clever way to outsmart the person setting the odds against you.

The only sizing statement Moon's own numbers support is this: pick the wager as money that can be gone within seconds, and choose the leverage on that basis rather than staring at the profit column. If the loss row makes you flinch, the multiplier is too high.

Moon also has a simulated-balance mode with unlimited refills:what Play Money does and does not show you. If any of this is pulling at you in a way you don't like, go readresponsible play first.