If you have an open position, you have a bet that has not been settled and is still running. It is possible to close out an open position at any point before the result is known, in order to cut losses or to take a profit.
If you have an open position, you have a bet that has not been settled and is still running. It is possible to close out an open position at any point before the result is known, in order to cut losses or to take a profit.