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Outright markets provide the opportunity to choose who will win a specific award, competition, group, or race etc. 

Examples include:

The final outcome of a competition, i.e. Golf Tournament or F1 Driver’s Champion.

The final outcome of a preliminary round, i.e. Group winner in the World Cup.

The final outcome of a race, e.g. individual winner of a F1 race.

MVP award winners etc.