Betting on Politics: Predictit is NOT Dead

I have more $ bet on this election now than I did when the voting was still happening. Lol

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wat

putting in random wild bet worked i guess because someone market-bought a ton of shares

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lol me for only having 50 on that line and trying to milk a little further rather than just straight max and now it’s 90.

btw, the milking strategy used to work and now there’s too many regs I gotta adjust back SAD.

This election has to last me awhile too I gotta snap out of it.

at least now I know who I’m competing with is when someone has 1k shares of something in the offer sheets.

dang decision desk called AZ, this is why you max the props early I suppose.

AZ vs GA in the smallest margin market is an interesting fight, I’ve kinda bailed most of it though, hit AZ when it looked like GA couldn’t be beaten, now I think GA should be still a little more favored over where it currently is but still enough ballots left in AZ to swing it.

I dumped my AZ shares gambling on idiots gonna idiot in the morning but maybe that’s dried up.

im surprised the MI/WI/NV market is moving the other direction. more ppl maxxing their credit card to buy these dollars on sale maybe. im still gonna wait tho i think

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I took it at .83.

These markets are insane

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They’re probably going to end up settling markets in the high 80s/low 90s.

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There’s like zero magapeople buying right now, everything’s going up towards Biden. Need another Qanon scoop or it looks like all the mega deals are gonna go away. In at 85c for now.

Nevada seems on pace to finish counting about 2023.

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I managed to max this at .80 early yesterday. Definitely the easiest money I’ve ever made. What’s even crazier is if it was a rational market, looking at the individual states pricing it should be in the 50s somewhere. Guess you can make the argument they are all tied together. Hopefully they make some new markets today with more free money, but it seems the 15%+ free money is gone forever now.

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So are these scummy books just not going to pay until 1/21/21?

So… something just happened on Predictit I don’t fully understand. My cash is fully deployed, but I was able to add the position with the arrow and my available cash went up. Also despite being maxed at 97c in 4 markets (and 80c in a 5th) my market investment is only $1627.94

PokerStars paid Biden bets yesterday and had been taking 20k+ max bets (at shit odds.) Party paid a few days ago but had a cap of a few hundred dollars i think.

Electoral college and pop vote bets.

I believe Predictit started combining mutually exclusive lines in a single market so that your risk properly reflects the maximum amount you can actually lose. I had a couple markets where my market investment ended up as negative due to trading.

Yea they do some weird shit if you are in multiple contracts of a single market.

You can end up in spots where you can’t sell shares without a cash balance because selling actually increases your risk. I’ve never looked real in depth though to make sure it all adds up correctly.

Max is 850 in a market no’s combined so if you bet two no’s you’ll get some of that back but are now risking losing whatever you have in those 2 things (which is 850-whatever funds you pulled out of the other one since you can’t lose both), if you sell one, the reason you have to put $ back in is because now you’re risking the full amount again.

tl;dr PI is correct you have the 850 yes’s + 850-your other no’s but if it’s any of your no’s you lose all of it aside from some pennies (they just give to you the $ you would’ve gotten in your other NO’s to invest in other things sooner).

edit–I was really confused at first on that too–pretty much everyone is.

You can get negative risk in markets with multiple choices by maxing NO, i had it in the VP market for example:

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This site is useful for finding markets where you can get neg risk http://pibucks.cash/

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This is the content I’m here for! Thanks!

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Amazing. Thanks!