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tinstaach
Aug 3, 2010

MAGNetic AttITUDE


Necc0 posted:

This site is great for making really safe bets. 7% return on Warren not running for president? Sure

If I'm reading their rules right, don't they take a 1% cut on all profits, plus 5% on withdrawals?

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tinstaach
Aug 3, 2010

MAGNetic AttITUDE


Wanamingo posted:

It's actually 10% on all profits, plus 5% for withdrawals.

Ah, I mistakenly believed that they would take 10 cents out of every dollar share, because I don't know what profit means.

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


pathetic little tramp posted:

The tough ones are the "what will the polling be for this" ones. It's not usually stuff like "Obama approval above 50 or below." It's more like 44.5 or 45? I didn't think it'd get up to 45 so I lost 6 bucks on that today.

I wonder if there's any money to be made getting in at the very end of the polling cycle. The Obama approval poll ends in 5 hours, and the RCP average is 44.5. I just bought a handful of No shares on 45%+ for 93 cents, and if no new polls come out after 7 pm, I just got a ~6.5% return in less than one day.

e: 20 minutes later and it's up to 96 cents, I guess it's more of a timing thing.

tinstaach has issued a correction as of 00:15 on Aug 29, 2015

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


Abel Wingnut posted:


but wouldn't those surefire shares be $.99? and wouldn't the $.01 return get taken by predictit's fee?

This confused me too, but they only take 10% off of your profits, so for every share you buy for 99 cents that comes in, you make 0.9 cents.

and obviously the more expensive the shares get the less effective this is, maybe I just got lucky but if you can get some shares for 95 cents or less you can make more than spare change.

tinstaach has issued a correction as of 20:33 on Aug 29, 2015

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


I like the No side of Jeb! polling below (e: above) 10% on September 30, at least in the short term. There's a CNN poll from 8/16 that has him at 13, once that goes away his RCP average will be down to 8. Plus Trump's probably going to make him cry at the debate.

tinstaach has issued a correction as of 18:43 on Sep 7, 2015

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


It's funny how the get-rich-quick possibilties make us dissatisfied with getting a 10% ROI in a week.

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


Somebody who was ~allegedly~ a Draft Biden PAC employee was ~allegedly~ overheard telling someone over the phone that Biden was "100% in".

Seriously. http://www.nationalreview.com/article/424209/joe-biden-josh-alcorn

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


Nothing indicates "yes" either - if he was going to enter, why is he waiting this long?

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


Man, I thought Huckabee was the worst, but Walker just cost me 30 bucks. gently caress him.

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


I mean, there were whispers here and there that people jumped on that drove the No shares around 80 cents, which is why I bought in in the first place. But of all the ones that would turn out to not be bullshit...

And some of the traders are lightning fast, it's been an hour or so and all the No shares for everyone else are gone, save for a handful of 99-centers on Graham.

tinstaach has issued a correction as of 21:44 on Sep 21, 2015

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


You know, after a few minutes of reflection, I'm comforted by this fact: If someone walked up to me a week ago and asked me "How much would you pay to see Scott Walker drop out with 15 Republicans still in the race?", my answer would be a lot more than what I lost today.

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


Uhh

quote:

Joseph R. Biden, Jr. shall become a candidate for president of the United States in the 2016 general election, by filing a Statement of Candidacy and/or a Statement of Organization of an exploratory committee for the office of president with the Federal Election Commission.

So...isn't that the end of it? I mean he obviously isn't running running yet since he hasn't personally announced anything, but it seems like that should have been resolved as Yes.

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


Aliquid posted:

I'm super-over-exposed on Biden NO with about 60% of my portfolio in it and it's slowly sinking

I've diversified my portfolio among Biden not running, Biden not winning Iowa, and Biden not winning the D nomination :buddy:

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


I would imagine that BIDENRUN No's will rise significantly in a few weeks after he misses the first debate.

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


Necc0 posted:

Does anyone still have links to the earlier rumors that were saying he was definitely going to run? Did any of those give specific dates or timespans?

tinstaach posted:

Somebody who was ~allegedly~ a Draft Biden PAC employee was ~allegedly~ overheard telling someone over the phone that Biden was "100% in".

Seriously. http://www.nationalreview.com/article/424209/joe-biden-josh-alcorn

Nope, just some fundraiser talking to another dude on a train, lol

I think the reason why this market and only this market is crazy is that there is no data whatsoever to go by, there's just an equal amount of people (or at least an equal amount of money) believing "He hasn't announced he's running yet, so he must not be running" and "He hasn't announced he's not running yet, he must be running".

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


So are there going to be appetizers or what

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


How it's even possible that the Republican front-runners are an orange insult comic with a squirrel on his head, a black human Ambien, and a woman the market values at negative $3 billion who got housed in the only election she's ever been in is beyond me. Welcome to the 2016 election.

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


I'm finally back to even for the first time since that droopy-faced gently caress Scott Walker dropped out :sax:

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


I feel like this will end up they way daily fantasy spots currently is - if you're not spending 8 hours a day on the site squeezing every last penny out of every market, you're a rube funneling money to the people who are.

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


An even stupider market is Biden polling over 20% at the end of the month. Everyone's been shouting that his oldest polls in his RCP average were well under 20 and due to come off, without mentioning that he's still under 20% without those polls, and oh yeah there's no way he's coming close to that in this weekend's polls after missing the debate.

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


I've thrown about $110 into No at this point and I think I'd be okay with losing it just for the entertainment alone

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


hahahahahahahahahahahahahahaHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


I might as well cash out now because what could possibly be better than the Biden rollercoaster

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


Zeta Taskforce posted:

The site crashed so I may or may not have put in a sell order for everything at 98.

THANKS BIDEN

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


I should probably grab some yes shares on Jeb! dropping out because if Donald Trump clowns him out of the race before 2016 even starts I'm gonna need to buy some new pants

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


Gyges posted:

Standard *POLLS* caveat, but why is Fiorina No on winning the debate so low? She's on the way down and will soon be back at the kiddie table. Even if she somehow manages to "win" the debate, almost no polling is likely to be done post debate and released by Saturday. So she's going to be trucking along on her winning personality and dazzling positions.

Is it really just people seeing that it's a business debate and her being a business woman? Because if so things should go very well in the market once anyone of the 9 other candidates or the moderators point out she's market valued at negative 2 billion or so.

Didn't she "win" the last two by shouting insane fascist poo poo that people ate up for a week then forgot about?

Yeah, checking RCP she gained about 3 points after "winning" the kiddie debate in August, and she went from 8th to 3rd for a while after the last debate in September. She says things that are loving nuts, Fox/CNN are like WHOA WATCH OUT HILLARY and she takes a few tenths of a percent from everybody.

tinstaach has issued a correction as of 03:12 on Oct 28, 2015

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


I'd still buy Yes on Fiorina if I were to but it on anyone, but with so many chaotic storylines flying around I'm not putting a cent into this fuckin circus

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


DJ BK posted:

Sorry if the answer is obvious, will one of you guys explain the "linking of markets" idea to me?

This is too basic, but the general idea is that if you buy shares in a multi-option market in such a way that you can't lose on all of them (buying No shares for multiple people in the RNOM market for example), they'll credit you so that the cost of those shares is the maximum amount of money you stand to lose instead of the full price.

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


Stereotype posted:

It should be in the helpful hints section.

Also the "don't make bets while drunk" should be taken out because I've made like 10 bucks while I'm drunk.

Are you John Mulaney?

https://www.youtube.com/watch?v=mmuIVwq3aeY

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


No, that 5-cent loss represents the worst case scenario; the sum of winning $1 minus fees and losing out on the shares that resolve to Yes will come out to -$0.05 at worst for you. If they resolve more favourably (say you win on shares you bought for 60 cents instead of the ones you bought for 90) you'll get a little bit more when the market closes.

Short story shorter, that $0.05 already has most if not all of your winnings rolled into it already.

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


I threw $10 on Yes, the Fox Business GOP debate was supposed to be focused on the economy and they went off on some pretty strange tangents there.

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


I was waiting for Missouri, I must have missed it but :homebrew:

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


At this point I don't feel comfortable betting against Jeb! being an incompetent fuccboi at any price.

No on Trump polling at 27% is going for less than 75c when he's currently at 24.6 and hasn't hit 27 since the first of the month. This might stay undervalues for a while, there's a lot of :byodood: ONLINE POLLS :byodood: in the comments.

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


tinstaach posted:

No on Trump polling at 27% is going for less than 75c when he's currently at 24.6 and hasn't hit 27 since the first of the month. This might stay undervalues for a while, there's a lot of :byodood: ONLINE POLLS :byodood: in the comments.

wwwwwwwwwwwwwwwwwwwwwelp

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


If you bundle the top two choices for the CNN debate ratings it comes out to 80c shares on there being more than 20 million viewers. That's got to be easy money, right?

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


Hahaha apparently Rubio said the debate was in front of 15 millions people during one of his answers and the CNN Nielsen rating poll is going insane

Ugh I wish I had more money to put on this, I'm basically betting all my BIDENNO winnings on 20+ million viewers.

tinstaach has issued a correction as of 04:08 on Dec 16, 2015

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


Holy crap, Trump just said he wouldn't run third party and the No shares for a Trump 3rd party run hit 99c in about a minute flat.

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


poo poo

good thing those dumbos were giving me NOs on less than 16 million for .65 yesterday

tinstaach
Aug 3, 2010

MAGNetic AttITUDE


Sounds like that trade increased your amount at risk in a linked market.

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tinstaach
Aug 3, 2010

MAGNetic AttITUDE


Well, I'm going to be travelling home until New Years, so in lieu of playing any markets on my vacation I'm firing all my available money into BIDENNO shares for that sweet sweet 0.909% growth.

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