Betting on Politics: Predictit is NOT Dead

No what I was saying is I just sold a few somehow.

Would you guys dump NC shares while you still can at .10? Is there any chance NC comes back from the dead?

I dumped mine earlier at a little higher, but I think 0.10 is about right. Don’t think it matters much.

Edit: actually dumped lower, but way earlier, and I wish I hadn’t

Montana was always a lotto ticket. Still, I would have liked to have seen Montana.

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Poker players as a general group had to have gotten absolutely destroyed in betting on this, right?

For every person like the ones at UP there are probably 5 on the other side.

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Probably gonna win 2 pelotons on this election

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Based on PI movement in one market where an entire group of people that bet on this shit including me still couldn’t stop a wave of stupid–I’d say 10+

btw congrats everyone. Hope to win with you all another time.

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I’d love to give someone 1% rakeback in MI, WI, or MI and free up some funds but there’s no way I’m selling at the current market prices.

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Funniest story I saw was a poster named 6-bet me or something like that who has a blog/thread in PGC forum and is a pretty big degen. He had actually amassed a roll of like 15k beating up on the covid era games, but since was doing irresponsible betting and shot taking.

Anyway, his life roll was down to 4k and he announced he was betting $500 on Biden at -190 or whatever. People thought it was crazy to bet so much of your life roll on a foreign election (the poster in question is an Aussie). So early results start to come and he panicks and sells off his Biden action for $200, taking a $300 loss.

So he picked the right side, but somehow bought and sold and the nut worst times and came out a $300 loser.

lol, I probably have 50 posts in that thread, posted that Biden was basically free money and hadn’t gone back in that thread since.

I’m probably mostly done with any large scale election betting after this one. Or maybe I’ll just wait for arb opportunities when the markets take crazy swings (I was too busy having '16 flashbacks in the first few hours to capitalize on the ones this year) I believed Nate and polling once again and came wayyyy too close to losing big. I’ll end up winning on Biden and most of my state bets, but then lost a good chunk on long shots if the damn blue wave came, so can’t really complain. It’s been a ride!

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Yah, same. I’ll only breakeven if GA/AZ/PA all come in. Got greedy and went pretty big on FL/TX/OH/NC thinking for sure I’d get at least 1.

Yeah, it’s annoying. In hindsight I def wished I did more Biden straight up and not betting on dumbass states like fucking OH. Jesus.

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I’m in for the double max and holding, I think there’s about a 15% shot.

Same, the gift and curse of PredictIt. There’s free money cause people are stupid, but you’re stuck in your other contract because, also, people are stupid.

So I know you’re not supposed to deposit from Coinbase to Bovada directly but can you withdraw directly?

The amount of dead money on PI is just unbelievable. The pop vote stuff was just pure insanity. While this election didn’t exactly go the way we all wanted taking their money just feels great. And like all fucking cowards they instantly vanish, never to be heard from again, until 4 years later where they’ll all put down hundreds of thousands of dollars that nominee Ivanka will, for sure, win the pop vote and own the libs.

Also, fuck Coinbase, nightmare company, use anything else. Well maybe not Mt Gox.

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Getting down popular vote -500 might be the single most +EV bet I’ve ever made.

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Yeah, good point. Like I got wrecked in NC, the polls were massively off, I put too much faith in 538 and polls, and still crushed. The edge was insane. Hit a pretty bad outcome, still win.