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re: PredictIt betting thread

Posted on 9/16/20 at 1:04 pm to
Posted by anc
Member since Nov 2012
18200 posts
Posted on 9/16/20 at 1:04 pm to
quote:

How does the payout for PredictIt work. If I were to put $100 into Montana on the Republican, what is the payout?



You are buying a share of Trump winning Montana for 87 cents. When he wins, you will be paid $1.00.

Its an easy 15% return, but the max you can put in is $850.
This post was edited on 9/16/20 at 1:05 pm
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 9/16/20 at 1:08 pm to
Stumbled upon the crypto FTX exchange and it’s got presidential bets, but not by state, they have trump at $0.43 and pays out $1 if he wins.

Need to use a VPN, they are anti-us residents.
Posted by GeneralLee
Member since Aug 2004
13112 posts
Posted on 9/16/20 at 1:10 pm to
quote:

Its an easy 15% return, but the max you can put in is $850.


Keep in mind the fees, 5% of withdrawals is one fee and 10% of profits is another.
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