Their fees are a bit insane. 10% on all profit when you sell higher than you bought or when a market pays out, then a 5% fee for the privilege of withdrawing your money.
You can put money on with a credit card, super easy. I use a cashback card for deposit to offset some of the fees. But yeah as mentioned earlier, you need to make over 5.5% ROI to offset the rake. My mistake was cashing out after I hit my election bets because I thought the free money was going to go away after that point, so I will get hit with the 5% withdrawal fee twice. You make ~$32 if you deposit $850 and go all-in on a 90c market and cash out the winnings.
Hoo boy I just took a look at some of the comment threads on there. I’m not sure if these people are truly that far gone or if they’re trying to manipulate the market with their bs, but my god these idiots seem so unwaveringly confident that Biden will lose.
Just got in on “MA Dem primary winner elected president” YES at $0.88
Both things go on in the comments. Probably more people trying to manipulate markets though than true believers.
Congratulations on your windfall!
Thanks. Pretty sure he’s worth very little unfortunately.
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Too bad, all the deplorables I know are disgustingly rich. Maybe God does favor them.
withdrawing is pretty easy/quick so far anyway
ignoring the harris/pence markets that they totally blew the date on but not worth it due to timeframe I counted just over 30 markets that are basically the same thing and roughly the same price in the mid to upper 80’s. That’s a bit too much to get on there for me to fire on all of that–just pick the best ones.
It a lot easier to get rich if you stiff people on bills/taxes and get away with it.
Daily reminder: Fuck Bovada - Pay me.
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Couldn’t take it when I saw shares at $.85 today so they pulled me back in again 
I’m just glad they paid out AZ so I could make a frustrating, but reasonably profitable run in the GSPO main.
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Meanwhile AZ trading at 10/90 still on PredictIt. Lol
I assume there are still several markets in the high 80’s that aren’t capped? Been trying to talk my buddy into throwing some money on PI for a while now, making one last push. Don’t want him to put a couple thousand on there and be locked out of every market and just take a 5% cashout haircut for his time lol…
The state margin markets are not capped. So you can still bet on WI/PA/GA because of that. I’m not sure if the ‘Dem Primary Winner’ markets are capped.
You can still get in other ‘capped’ markets if you are lucky, at least I was able to get in some of them by spamming to buy and clicking ‘skip offer confirmation’.
Pretty sure the popular vote % vs the polls and the EC markets are also not capped.
My recommendation would be to deposit like ~$10-$20 and see how many markets you can buy a share in, and then add a fresh $850 each time you get in to a market so that you have enough funds to max out. Then rinse and repeat, keeping your ~$20 as a way to get a single share in all the markets you want to enter
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Yeah that makes sense. I’ll tell him to just put $10 on at first to make sure he can get into some markets, then put on however much he wants the free 8-9% on.
The ‘Popular Vote margin of victory?’ is a dollar bill for 85c right now, you can buy everything below Dem 3%+ to equal down to the equivalent of ~85c since there are so many ‘GOP by X%’ margins (GOP to win popular vote by a margin of 10.5%+ is trading at 96c no). You can probably get even better value if you let some bids sit at 98c, but there are like 10,000+ bids at 98c in most of those bins, I didn’t want to risk those not getting filled.
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maga money still rolling in today
florida supposed to certify tomorrow
georgia is supposed to be friday
Alright, twist my arm, I’m in.
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Here’s an article on why Bovada/other books haven’t paid out yet. It seems like a .0001% chance of losing a quarter of your yearly revenue is not worth having that money tied up for the entire second half of football season, but what the hell do I know.
“I thought I would be done with this election by now,” says Pat Morrow, an oddsmaker at Bovada, a small unlicensed sportsbook based in Antigua. “God help me, I think I have the news on more now than I did during Election Day.” He says he’s been working for two weeks straight as bettors continue to place wagers.
Political betting had been a novelty wager for Bovada until the U.S. 2020 presidential election became the site’s single largest betting event in its history. If Biden wins the presidency, Morrow says it’ll be the single biggest win for the company, but if Trump wins, Bovada will lose more than it ever has in a single event.
“This is horrible for us. We want people to get paid out and going off to bet football. But due to the size of the handle, we can’t,” says Morrow. “If we pay out on Biden early and somehow, some way Trump wins and we have to pay out again that would be a quarter of our yearly revenue.”