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I admit the volume isn't huge. Maybe 10K per day on the presidential nominations. So you might be able to average placing 1K on per day without destroying your
by dejb 19y ago
I admit the volume isn't huge. Maybe 10K per day on the presidential nominations. So you might be able to average placing 1K on per day without destroying your odds. If you had even a 10% edge then that's $100 gain which most people wouldn't be giving up their day job for. There are other markets though. Betfair had turned over $3 million on the Dem Nom.
The funny thing is the more accurate the market is the less 'smart money' would be attracted to profits and vice versa.
Good luck with your trading. By participating you will presumably increase the accuracy of the market. But I think the average trader might be more knowledgeable than you give them credit for (even ones from those non-US places). And you never know... there might actually be something in this 'Wisdom of the Crowds' thing.
- mattmaroon 19y agoMy trading in November (assuming a close race) is more predicated on knowledge of what happens to those betting markets throughout the day of the election than any political knowledge. As you pointed out though, I can't make retirement money on that small of volume. I might be able to make vacation money though. Also I should check to see if there's a difference in odds between betfair and intrade. Might be able to run some sort of cross-site arbitrage if possible.