That's 2 minutes to start out with plus 1 extra second for every move you make.
Trying to understand bullet timing??
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The first figure is the amount of minutes you get for the entire game, the second number is the increment you get after every move made in seconds.
So 2/1 means you get 2 minutes to play the game and an added second after every move.
I was looking for a live chess game and accidentally got myself into a bullet game and was not aware of it. After my lost I noticed it said "time 2/1" What does that mean I get two moves to make in one minute, and then do I get a whole minute back on my clock?? Like to improve my rating on those games but have no idea how the clock works??