4 ms·
Another untapped market is political betting. I go with a low-risk low-profit strategy that involves a rolling strategy of buying 98 and 99 cent markets (the st
by mruts 7y ago
Another untapped market is political betting. I go with a low-risk low-profit strategy that involves a rolling strategy of buying 98 and 99 cent markets (the status quo) on PredictIt. Not very hard to make a 50% annualized return with this kind of stuff. You gotta use multiple accounts though, since you can only put $500 on a single market.
- hogFeast 7y agoNot untapped at all. There are guys who run their own polls to get an edge on political bets. One guy actually runs his own polling company now (Survation). There is a big edge...if you have info about what polls will say before they come out, etc.
- patrickk 7y agoMore info about Survation, some of Nigel Farage's pals made quite a tidy profit off the fall in the pound after the Brexit referendum: https://www.bloomberg.com/news/features/2018-12-21/for-farage-and-brexit-pollster-a-world-of-gamblers-and-gambling https://www.bloomberg.com/news/features/2018-12-21/for-farag...
- kratom_sandwich 7y agoI had a look at it and there appear some good opportunities to make a quick buck ... How high is your bank roll altogether? Mind sharing a few details?
- mruts 7y agoI run around $7000, habing started from $500 a couple years ago. My annualized returns have gotten a lot worse with more money, the markets are too thin to sink tens of thousands into it. I manage to make around 0.5%-1% not annualized per month with this capitsl. The thinly traded markets limit investment above 10k, imo. With like $500 though you can double up every couple months, as long as those returns don’t compound.
- patrickk 7y agoThere's a whole bunch of other bookmakers listing political bets, mainly UK based ones where you should be able to get more liquidity: https://www.oddschecker.com/politics https://www.oddschecker.com/politics Are you betting on US politics? You can apparently get x1.06-x1.12 your stake on Trump being the Repulbican nominee for example.
- mruts 7y agoI’ve looked at UK sites, but their odds are unprofitable (at least with what I’m doing). That 6% - 12% stake does sound super nice however, these are exactly the kind od trades I make! If fact they are the only political trades I make. I’m not smart (or stupid) enough to start betting on twitter markets.