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It seems a bit limiting that they only deal with equal stakes/odds, i.e. we both bet $1000 for/against an event. Allowing for variable odds would make the deal
by joosters 7y ago
It seems a bit limiting that they only deal with equal stakes/odds, i.e. we both bet $1000 for/against an event. Allowing for variable odds would make the deal better for events which you had less confidence in, solving the problem highlighted.
- jefftk 7y agoVariable odds don't solve the core problem which is that "half the investment income" is a high enough fee that you need a very large edge before you do better than just putting the money in a donor-advised fund.
- joosters 7y agoChanging the odds is the only way to increase your edge... but admittedly, that 'half the income' will become a very large fee, such that the odds you need to offset this would make it unlikely that someone would take the other side of your bet.