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PREDICTITmos, come ITT

How does their payout structure work? Can you make any money...
alcoholic vengeful scourge upon the earth really tough guy
  01/14/20
Max bet is $850 and PredictIt takes like a 10% cut of all yo...
chestnut rough-skinned orchestra pit jewess
  01/14/20
Max bet is $850 per contract. PI takes 10% of any PROFIT yo...
opaque new version generalized bond
  01/14/20
wow that sounds incredibly pointless then
drab theater puppy
  01/14/20
not if you never withdraw, as i do i am invested in dozens...
opaque new version generalized bond
  01/14/20
Lmao
mildly autistic underhanded rehab people who are hurt
  01/14/20
...
Well-lubricated organic girlfriend ape
  01/14/20
The market OP was considering buying is now down to $0.85. ...
opaque new version generalized bond
  02/01/20
Lmao please bet your house on Hillary clinton not running fo...
saffron fiercely-loyal stage dopamine
  02/01/20
here you go. 3.5% return in ONE MONTH. https://www.predicti...
opaque new version generalized bond
  02/02/20


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Date: January 14th, 2020 3:05 AM
Author: alcoholic vengeful scourge upon the earth really tough guy

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: chestnut rough-skinned orchestra pit jewess

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: opaque new version generalized bond

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: drab theater puppy

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: opaque new version generalized bond

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: mildly autistic underhanded rehab people who are hurt

Lmao

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



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Date: January 14th, 2020 9:29 AM
Author: Well-lubricated organic girlfriend ape



(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: opaque new version generalized bond

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: saffron fiercely-loyal stage dopamine

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: opaque new version generalized bond

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)