\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

PREDICTITmos, come ITT

How does their payout structure work? Can you make any money...
rebellious personal credit line gas station
  01/14/20
Max bet is $850 and PredictIt takes like a 10% cut of all yo...
nighttime mother
  01/14/20
Max bet is $850 per contract. PI takes 10% of any PROFIT yo...
tan cocky digit ratio house
  01/14/20
wow that sounds incredibly pointless then
Federal state gay wizard
  01/14/20
not if you never withdraw, as i do i am invested in dozens...
tan cocky digit ratio house
  01/14/20
Lmao
bistre startled church building
  01/14/20
...
obsidian diverse theatre
  01/14/20
The market OP was considering buying is now down to $0.85. ...
tan cocky digit ratio house
  02/01/20
Lmao please bet your house on Hillary clinton not running fo...
Laughsome sickened idea he suggested
  02/01/20
here you go. 3.5% return in ONE MONTH. https://www.predicti...
tan cocky digit ratio house
  02/02/20


Poast new message in this thread



Reply Favorite

Date: January 14th, 2020 3:05 AM
Author: rebellious personal credit line gas station

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)



Reply Favorite

Date: January 14th, 2020 7:32 AM
Author: nighttime mother

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)



Reply Favorite

Date: January 14th, 2020 7:45 AM
Author: tan cocky digit ratio house

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)



Reply Favorite

Date: January 14th, 2020 8:06 AM
Author: Federal state gay wizard

wow that sounds incredibly pointless then

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



Reply Favorite

Date: January 14th, 2020 9:18 AM
Author: tan cocky digit ratio house

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)



Reply Favorite

Date: January 14th, 2020 8:16 AM
Author: bistre startled church building

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 diverse theatre



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



Reply Favorite

Date: February 1st, 2020 12:38 PM
Author: tan cocky digit ratio house

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)



Reply Favorite

Date: February 1st, 2020 12:42 PM
Author: Laughsome sickened idea he suggested

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)



Reply Favorite

Date: February 2nd, 2020 10:30 AM
Author: tan cocky digit ratio house

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)