3 ms·
PredictIt and friends were fun when: - money was cheap (low interest rates) - bets were short-term Otherwise, the profit-share demolished gains as a de-facto
by renewiltord 3y ago
PredictIt and friends were fun when:
- money was cheap (low interest rates)
- bets were short-term
Otherwise, the profit-share demolished gains as a de-facto trading fee. Plus you could only make money on a few hundred at a time. I did some of the cheap bets that were mispriced but also some more obvious ones. A few multiples on the money, but it was too unwieldy to play it. The politics ones are easy. People like to bet on the outcome they'd like to occur rather than the one they think will occur.
I understand, though. I find it hard to bet against Arsenal. Just seems like a miserable way to live.