Prop Bets - ELO Challenge - What does markup mean in the context of an ELO Challenge?

Markup indicates how much you must stake to win $1 from the creator.

If the markup is 1.0, you will need to stake $1.

If the markup is 1.5, you will need to stake $1.50.

If the markup is 0.5, you will need to stake $0.50.

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