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Predictit swing state markets are trending TRUMP
Posted on 10/19/20 at 8:07 am
Posted on 10/19/20 at 8:07 am
While TRUMP hasn't budged nationally much on Predictit, I have noticed a move towards TRUMP on the swing state side. He was around low 60s to win Ohio and is now 67, Biden was around 58 to win Florida and is now down to 51, and similar things are happening in Wisconsin, Michigan, Nevada, and Arizona even though Biden is still "favored" to win all of those.
I anticipate further tightening over the next week and even though I'm a novice to using Predictit, for anyone with strong convictions on this election it looks like there is money to be made. I'm already up 25% since I started a week ago.
I anticipate further tightening over the next week and even though I'm a novice to using Predictit, for anyone with strong convictions on this election it looks like there is money to be made. I'm already up 25% since I started a week ago.
Posted on 10/19/20 at 8:13 am to TakingStock
How easy is it to withdraw and add money? How are you taxed on it?
Posted on 10/19/20 at 8:15 am to TakingStock
Imagine that, a bunch of degenerate gamblers follow media polls. Big surprise.
Posted on 10/19/20 at 8:22 am to nugget
5% flat fee for withdrawals
10% fee on profits
You’ll get a 1099 MISC to claim on your taxes as gambling winnings.
With all of that said It’s still a winning deal if you bet on Trump and he wins as it is paying 2-3x your bet depending on the market.
You’re also limited to a max of $850 investment in any one market.
10% fee on profits
You’ll get a 1099 MISC to claim on your taxes as gambling winnings.
With all of that said It’s still a winning deal if you bet on Trump and he wins as it is paying 2-3x your bet depending on the market.
You’re also limited to a max of $850 investment in any one market.
Posted on 10/19/20 at 8:27 am to TakingStock
yep!
I'm going to make a lot of money when Trump wins!
I'm going to make a lot of money when Trump wins!
Posted on 10/19/20 at 9:07 am to boomtown143
funny how the polls and betting markets are all tightening, as we all have been saying for months.
Posted on 10/19/20 at 9:48 am to saints5021
quote:
funny how the polls and betting markets are all tightening, as we all have been saying for months.
All those clown outfits trying to protect their behinds is why.
Posted on 10/19/20 at 9:49 am to AndyCBR
quote:
5% flat fee for withdrawals
10% fee on profits
15 percent juice.
The mobsters aren’t just in vegas.
Posted on 10/19/20 at 9:49 am to AndyCBR
quote:do i have to sell my contracts to another buyer or do i automatically win my bet when the election is over?
5% flat fee for withdrawals
10% fee on profits
You’ll get a 1099 MISC to claim on your taxes as gambling winnings.
With all of that said It’s still a winning deal if you bet on Trump and he wins as it is paying 2-3x your bet depending on the market.
You’re also limited to a max of $850 investment in any one market.
Posted on 10/19/20 at 9:50 am to ChexMix
quote:
do i have to sell my contracts to another buyer or do i automatically win my bet when the election is over?
automatically win
Posted on 10/19/20 at 8:20 pm to Turbeauxdog
quote:
15 percent juice.
The mobsters aren’t just in vegas.
Not quite 15% as the 10% fee is only on the profits (not your initial bet).
With that said the fees are high. Many have bitched that the withdrawal fees should be a flat fee instead of a percentage.
Posted on 10/19/20 at 8:24 pm to AndyCBR
Odds are still 66% Biden on PaddyPower
Posted on 10/19/20 at 8:25 pm to ChexMix
quote:
do i have to sell my contracts to another buyer or do i automatically win my bet when the election is over?
It remains to be seen what Predictit uses to determine the winner. It is up to their sole discretion and their decision is final.
Wondering what happens if the results of the election are in question. Hoping a landslide for Trump puts the issue to rest on election night.
Posted on 10/19/20 at 8:27 pm to pensacola
quote:
Odds are still 66% Biden on PaddyPower
There is another poster on this site who claims to have cashed in on Trump +600 in 2016.
This post was edited on 10/19/20 at 8:28 pm
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