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For example, if there's already 500 bids for a stock at $1.00 and I put down 100 bids for $1.00 as well, does it mean if someone wants to sell for $1.00, it has to go through the 500 bids before me first before it gets sold to me, or is it random as long as the bid price is the same?

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Orders are filled based on price and time priority.

PRICE: The lowest sell and highest buy orders take precedence over other orders.

TIME: The earliest order placed at a given price takes precedence over other orders at that price.

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