Betting on Politics: Predictit is NOT Dead

https://twitter.com/MMetsola/status/1326634312070991874
This guy traded almost €7m on the winner market alone. 390k bet shorting Pete Buttigieg lol

If you’re going to cash out those funds quickly, it’s barely a profit after fees at 93 or 94. there’s a spreadsheet somewhere I don’t have the link.

in other words what trolly said, if you’re just going to hit and run this election it’s not as profitable as people think because of fees. Long term people like me can get away with it since we just roll over things but 2021 is going to be a bad year for election markets.

also there’s too many sharks gobbling up shares go away

must be nice to dgaf to bet 1254 on deval patrick for 6 bucks or 114k for 114 on whitmer or whatever.

Yeah it’s free but sheesh. He didn’t even get a good deal on yang as the rest of us did, sad.

Maybe he did, but websites have been around for a few years that allow simple creation of fake Belfair P/L statements and green screens for the purpose of scamming and/or bragging like this, so maybe he didn’t.

Bovada paid me for popular vote.

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aye

lol oops

I don’t do penny farming anymore since I don’t like keeping mid sized sums of cash on websites other than banks. I’m gonna sit out til georgia runoff and deposit again. Yea I’m eating fees every time I go in and out but I always look to double my money every time so I care less about it.

The fees are brutal though. Looking at the receipt made me a little irritated.

The margin markets are a game-changer, I didn’t realize that you could scoop up multiple 'NO’s without risking more $, it makes sense though. Now instead of buying a 90c dollar you can buy a 90c dollar and like 5x 98-99c dollars, makes those markets a bit more lucrative. Great tip!

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PI new market, will fox news withdraw a projection

great market PI if it was a WEEK AGO

most of them aren’t as ridiculous as this one but yeah

wheatrich reminded me/us election eve

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Why the oops?

oh because i replied before i saw your 2nd post

not ‘oops trump won’ lol

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Oh ok lol, I was worried I screwed up somehow :joy:.

Bovada paid out AZ bets :+1: :+1: :+1:

Just as an FYI. You don’t need to deposit 850 to max. Only 720 whatever. Just max 720 first. Then reinvest the refund you get after into another round.

Also you can also buy the Dem No markets as well. So dem by everything except the 60-99 market. As long as you feel comfortable none of the states will flip

The Zona/Georgia/Pennsylvania market is now back to something approximating reality, it was trading at 70c for NO a few days ago lol.

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I guess this stuff don’t settle until each state certifies?

well thats what makes this all so insane; these markets are supposed to resolve to n/a before now

Free money is drying up