The Soapbox

Shenhoo

Joined: 01/04/2001 Posts: 35273
Likes: 51502


Say a position is priced at $0.60 as in Dems


favored to win AZ.

I'd buy maybe 50 shares at a cost of $30.

By late election night the price would be around either $0.99 or $0.01. You can trade at any price up to then.

If you hold till it's over you stand to have either $50 (for a $20 gain) or $0.00 for the loss.

There is no fee until withdrawal of any funds, which I have never done yet. I just keep the proceeds for another trade.

It's the only betting really I've ever done. It's kinda fun. I'm the type who stayed at a casino for a convention there. They comped us $25 in tokens, which I burned through in a miserable 10 minutes pushing the slot buttons between two blue haired women looking as miserable as I felt.

(In response to this post by 81_Hokie)

Posted: 04/22/2024 at 11:42AM



+1

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Current Thread:
 
  
PredictIt current POTUS betting odds (link) -- WaxHoo 04/22/2024 10:52AM
  Bet the house! ** -- Hoodafan 04/22/2024 11:33AM
  Right. $0.54 bet on Joey pays $0.50 if he wins ** -- WaxHoo 04/22/2024 11:25AM
  So -108 in gambling terms ** -- wahoo138 04/22/2024 3:34PM
  I was right. I found this on the site -- 81_Hokie 04/22/2024 11:45AM
  Nope. $1.00 ** -- Shenhoo 04/22/2024 11:43AM
  Yep. My bad. ** -- WaxHoo 04/22/2024 11:54AM
  Yes. Always. ** -- ResistHoo 04/22/2024 12:02PM

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