Wager
The amount committed to one outcome. Moon.com states that the loss on an individual wager is capped at the wager amount. A cap does not make the wager low risk; the full amount can still be lost rapidly.
Leverage
The multiplier applied to the wager’s exposure. Higher leverage increases the effect of a given percentage price move in both favorable and adverse directions. It does not improve forecasting accuracy.
Position size or exposure
The simplified product of wager and leverage. It is a comparison tool for sensitivity, not a claim that the same amount is withdrawn from the player’s balance.
Up and Down
Directional choices. Up benefits from favorable upward movement in the referenced price; Down benefits from favorable downward movement. The exact settlement follows product rules and price sourcing.
Bust Price
The displayed reference level at which an open wager is settled as lost. Higher leverage usually places this level closer to entry. The live value includes product-specific inputs that a simple inverse-leverage estimate cannot reproduce exactly.
Price move
The percentage change between an entry reference and a later reference. Calculators often use it to model gross P/L. Direction determines whether the same move is favorable or adverse.
Bankroll at risk
The wager divided by the session budget. This percentage describes concentration in one outcome. It is separate from leverage: two wagers can have identical exposure but risk different shares of their bankrolls.
Play Money
A refillable simulated balance documented by Moon.com for learning the interface. It has no cash value and simulated success does not predict real-money results.
Volatility
The scale and frequency of price changes. A multiplier should be interpreted in the context of the chosen market’s volatility and intended timeframe, not as an isolated number.
Source standard
Product mechanics are checked against Moon.com’s official help material. Mathematical examples are labeled as simplified and exclude product-specific costs. The live wager summary remains authoritative.