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PREDICTITmos, come ITT

How does their payout structure work? Can you make any money...
rebellious striped hyena
  01/14/20
Max bet is $850 and PredictIt takes like a 10% cut of all yo...
Disgusting cracking wrinkle partner
  01/14/20
Max bet is $850 per contract. PI takes 10% of any PROFIT yo...
thriller hall
  01/14/20
wow that sounds incredibly pointless then
Exhilarant gaped candlestick maker
  01/14/20
not if you never withdraw, as i do i am invested in dozens...
thriller hall
  01/14/20
Lmao
Soul-stirring Tripping Mood Shitlib
  01/14/20
...
aphrodisiac mauve shrine
  01/14/20
The market OP was considering buying is now down to $0.85. ...
thriller hall
  02/01/20
Lmao please bet your house on Hillary clinton not running fo...
Fluffy area
  02/01/20
here you go. 3.5% return in ONE MONTH. https://www.predicti...
thriller hall
  02/02/20


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Date: January 14th, 2020 3:05 AM
Author: rebellious striped hyena

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: Disgusting cracking wrinkle partner

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: thriller hall

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: Exhilarant gaped candlestick maker

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: thriller hall

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: Soul-stirring Tripping Mood Shitlib

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: aphrodisiac mauve shrine



(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: thriller hall

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: Fluffy area

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: thriller hall

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)