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PREDICTITmos, come ITT

How does their payout structure work? Can you make any money...
coral vigorous meetinghouse mad-dog skullcap
  01/14/20
Max bet is $850 and PredictIt takes like a 10% cut of all yo...
dashing sticky site
  01/14/20
Max bet is $850 per contract. PI takes 10% of any PROFIT yo...
Hairraiser umber brunch voyeur
  01/14/20
wow that sounds incredibly pointless then
rose frisky theater stage
  01/14/20
not if you never withdraw, as i do i am invested in dozens...
Hairraiser umber brunch voyeur
  01/14/20
Lmao
charismatic insecure bawdyhouse roast beef
  01/14/20
...
obsidian locale
  01/14/20
The market OP was considering buying is now down to $0.85. ...
Hairraiser umber brunch voyeur
  02/01/20
Lmao please bet your house on Hillary clinton not running fo...
irradiated immigrant liquid oxygen
  02/01/20
here you go. 3.5% return in ONE MONTH. https://www.predicti...
Hairraiser umber brunch voyeur
  02/02/20


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Date: January 14th, 2020 3:05 AM
Author: coral vigorous meetinghouse mad-dog skullcap

How does their payout structure work? Can you make any money betting on an overwhelmingly favored outcome? I noticed that there are some people betting Hilary will run in 2020. "No" is at 91%, is there any payout for choosing that outcome at all? I'm assuming it would be a small payout but it seems like an easy way to make some money if you put a very large bet on it.

(http://www.autoadmit.com/thread.php?thread_id=4421563&forum_id=2#39427955)



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Date: January 14th, 2020 7:32 AM
Author: dashing sticky site

Max bet is $850 and PredictIt takes like a 10% cut of all your winnings.

So you can make $75 betting no on Crooked Hillary if in fact she does not run.

(http://www.autoadmit.com/thread.php?thread_id=4421563&forum_id=2#39428146)



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Date: January 14th, 2020 7:45 AM
Author: Hairraiser umber brunch voyeur

Max bet is $850 per contract.

PI takes 10% of any PROFIT you make.

Once the contract pays out, you can leave the money with PI to make more bets later, or withdraw it.

When you WITHDRAW money from PI they take an additional 5%.

So if you bet $850 at $.91 and you win, your base profit is ≈ $850/.91 - $850 ≈ $84. PI takes $8.40 so the payout is ≈ $850 +$84 - $8.40 ≈ $925. If you withdraw everything they take 5% of that so you get ≈ $879.

3.5% return

(http://www.autoadmit.com/thread.php?thread_id=4421563&forum_id=2#39428168)



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Date: January 14th, 2020 8:06 AM
Author: rose frisky theater stage

wow that sounds incredibly pointless then

(http://www.autoadmit.com/thread.php?thread_id=4421563&forum_id=2#39428213)



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Date: January 14th, 2020 9:18 AM
Author: Hairraiser umber brunch voyeur

not if you never withdraw, as i do

i am invested in dozens of contracts at any one time

(http://www.autoadmit.com/thread.php?thread_id=4421563&forum_id=2#39428410)



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Date: January 14th, 2020 8:16 AM
Author: charismatic insecure bawdyhouse roast beef

Lmao

(http://www.autoadmit.com/thread.php?thread_id=4421563&forum_id=2#39428219)



Reply Favorite

Date: January 14th, 2020 9:29 AM
Author: obsidian locale



(http://www.autoadmit.com/thread.php?thread_id=4421563&forum_id=2#39428438)



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Date: February 1st, 2020 12:38 PM
Author: Hairraiser umber brunch voyeur

The market OP was considering buying is now down to $0.85.

https://www.predictit.org/markets/detail/4614

(http://www.autoadmit.com/thread.php?thread_id=4421563&forum_id=2#39523725)



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Date: February 1st, 2020 12:42 PM
Author: irradiated immigrant liquid oxygen

Lmao please bet your house on Hillary clinton not running for president and enjoy the bumps

(http://www.autoadmit.com/thread.php?thread_id=4421563&forum_id=2#39523739)



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Date: February 2nd, 2020 10:30 AM
Author: Hairraiser umber brunch voyeur

here you go. 3.5% return in ONE MONTH.

https://www.predictit.org/markets/detail/6372

(http://www.autoadmit.com/thread.php?thread_id=4421563&forum_id=2#39527158)