how does that work with with weighing bets over time? how much are late bets discounted?
What is a weighted bet?
To promote early bettors on a statement, we distribute 45% of the lost bets such that early bettors get a larger share. Each bet is time weighted and get a share from this portion proportional to the weighted value. Weight of a bet is simply the minutes between the time of the bet and betting deadline. For an example, see the answer of "How are the losing bets distributed?".
What is the best betting strategy?
Betting involves balancing two incentives. Waiting for the deadline may give you extra information about the upcoming event, but early bets earn a higher weight. So bet as soon as you are confident about the result, bet more for higher profits. Also you can always add more bets later on.
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