# Placing Bets

### Function Breakdown

* The function first checks if the state of the contract is `Open`. If not, it reverts the transaction.
* It then checks if the prediction is either 0 or 1, and if the bet amount is greater than 0. If either of these checks fail, the function reverts the transaction.
* The function then calculates the amount to be bet, which is the submitted amount minus the contract's fee.
* The `transferFrom` function of the PBetsToken contract is called, which transfers the bet amount from the user to the contract.
* The details of the bet are then stored in the contract's state variables.
* Finally, a `BetPlaced` event is emitted, with the user's address, their prediction, the bet amount, and the current version of the contract.


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