re: PredictIt betting thread

quote:

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True.

So on a $100 bet on Montana, you would buy 114 shares at .87, and make $14 profit.

$1.40 of the profit would come out, so you would have $112.60. If you chose to wiuhdraw the entire amount, it would cost $5.63 so you would actually net $106.97.

6.97% return in a couple months. Still not bad, but probably not worth the risk of the Dems cheating their asses off.

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I get 7.77758%.

114 shares at .87 would cost $99.18, not $100. Small difference but meaningful in a market like this with fees.