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Question about Predictit
Posted on 9/28/20 at 2:41 pm
Posted on 9/28/20 at 2:41 pm
Let's say I want to bet on the winner of the election. Trump's current price is 45 cents. However, on Biden, his "No" price is 42 cents.
So wouldn't it be more profitable to buy "Biden No"? "Trump Yes" and "Biden No" are essentially the same, right?
So wouldn't it be more profitable to buy "Biden No"? "Trump Yes" and "Biden No" are essentially the same, right?
1
Posted on 9/28/20 at 2:43 pm to PeteRose
quote:
So wouldn't it be more profitable to buy "Biden No"?
Correct
quote:
"Trump Yes" and "Biden No" are essentially the same, right?
Correct
It seems like there is usually better value in the No's for some reason. Always compare to get the better deal of the two.
Posted on 9/28/20 at 3:04 pm to RidiculousHype
I think it’s a psychological thing. People would rather be for something than against something.
Posted on 9/28/20 at 3:06 pm to RC
Correct - also the resell market. If something were to happen to Biden, there would be more people to buy up Biden-No shares than Trump-Yes shares.
Does that make sense?
Does that make sense?
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