A bookmaker's maximum bet is a statement about confidence. Taking a large bet on a price means being willing to be wrong for real money, so books raise limits on numbers they trust and cut them on numbers they do not. Prices get all the attention, but limits are often the more honest signal, because they cost the book something.

- the market that moved
- the maximum bet before and after
- raised or cut, and by how much
Limit raised
- The book has settled on its number
- It wants volume at the new price
- Strongest when the price fell too
- The core anticipation signal
Limit cut
- The book is unsure of its own price
- Often before the price has moved at all
- Something it cannot price yet
- Worth watching rather than betting
Of the reference books the Terminal tracks, Pinnacle is the one that publishes its limits, which is why it is the default and why the Limit Changes screen leans on it.
Reading a raise
A limit going up usually means the book has settled on its number and now wants volume at it. When that happens alongside a falling price, the two together are much stronger than either alone: the book moved its price and then invited more money at the new one. That is the pattern the Steam preset looks for, which is why it requires the limit to have changed inside the same window.
This is the core signal for the second way of using a drop. If you are betting on a move continuing rather than on beating the fair price, a rising limit is the closest thing you get to the book telling you it is not finished.
Reading a cut
A limit coming down means uncertainty. Something has made the book less sure: a rumour it cannot price yet, lopsided action, or an approaching kickoff with team news outstanding. The price may not have moved at all yet.
Where to find it
The Limit Changes screen lists raises and cuts as they happen, and is available on the Pro plan. You can also use limits without it: the Limit column sits beside every drop in your feed, and a profile can require the maximum bet to have moved before a drop reaches you at all.
Read next: The two ways to use a drop, Example profiles for each approach.