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Predictious (OP)
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May 28, 2014, 08:53:16 PM
Last edit: June 01, 2014, 07:53:16 PM by Predictious |
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New Market on Predictious:
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Bitcoin addresses contain a checksum, so it is very unlikely that mistyping an address will cause you to lose money.
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Financisto
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May 29, 2014, 04:44:45 AM
Last edit: May 29, 2014, 05:08:31 AM by Financisto |
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Maybe you should try adding some NBA "moneylines" (Team A vs Team B) or Totals (Over/Under) to your contracts. Lets see how it develops!  Keep up the good work! |
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Predictious (OP)
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May 31, 2014, 03:36:49 PM
Last edit: June 01, 2014, 07:53:28 PM by Predictious |
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New Market on Predictious:
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Predictious (OP)
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June 01, 2014, 02:17:36 PM
Last edit: June 01, 2014, 07:52:53 PM by Predictious |
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Maybe you should try adding some NBA "moneylines" (Team A vs Team B) or Totals (Over/Under) to your contracts. Lets see how it develops! Keep up the good work! Thanks for the suggestion, we've now added the following contracts: As always, you can buy shares if you think these will happen (Miami Heat winning these matches), and sell shares if you think these will not happen (San Antonio Spurs winning these matches). |
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elephantas1
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June 01, 2014, 03:32:12 PM |
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Maybe you should try adding some NBA "moneylines" (Team A vs Team B) or Totals (Over/Under) to your contracts. Lets see how it develops! Keep up the good work! Thanks for the suggestion, we've now added the following contracts: As always, you can buy shares if you think these will happen (Miami Heat winning these matches), and sell shares if you think these will not happen (San Antonio Spurs winning these matches). Its cool that you added nba its my favorite sport thank you. |
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Predictious (OP)
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June 11, 2014, 08:41:46 PM |
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Formula 1 world drivers' & constructors' championships now on Predictious: |
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beetcoin
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June 22, 2014, 03:02:37 AM |
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looking to learn how this works.. can you tell me why there's such a large discrepancy between sell orders and buy orders? in every event, the sell is always less than the buy.. seems like people don't want to sell their shares.
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Predictious (OP)
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June 22, 2014, 06:40:23 AM |
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looking to learn how this works.. can you tell me why there's such a large discrepancy between sell orders and buy orders? in every event, the sell is always less than the buy.. seems like people don't want to sell their shares.
If buy was lower than sell, anyone could buy immediately and re-sell for a risk-free profit. You cannot have the buy price lower than the sell price as we would match the lowest buyer with the highest seller and create a transaction so the order would disappear immediately. Here are examples on how Predictious work: Buying: Let’s say you are buying a long share at 4 mB. You are paying immediately 4 mB to buy the share. If your bet is correct, you receive 10 mB, so your profit is 6 mB. On the other hand, if you lose your bet, your loss is 4 mB. Selling: Now, let’s say you are buying short shares (selling at 4 mB per share). You are receiving 4 mB per share since you are selling, but we’ll take a 10 mB deposit per share in case you lose your bet. So you are effectively paying 6 mB per share to short sell at 4 mB. Then if you win your bet, you’ll get back your 10 mB deposit, so you will have made a 4 mB per share profit. On the other hand, if you lose your bet, you will not get the deposit back, so you will have lost 6 mB. You can find more details about this here. Don't hesitate if anything is still unclear. |
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beetcoin
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June 22, 2014, 06:45:38 AM |
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looking to learn how this works.. can you tell me why there's such a large discrepancy between sell orders and buy orders? in every event, the sell is always less than the buy.. seems like people don't want to sell their shares.
If buy was lower than sell, anyone could buy immediately and re-sell for a risk-free profit. You cannot have the buy price lower than the sell price as we would match the lowest buyer with the highest seller and create a transaction so the order would disappear immediately. Here are examples on how Predictious work: Buying: Let’s say you are buying a long share at 4 mB. You are paying immediately 4 mB to buy the share. If your bet is correct, you receive 10 mB, so your profit is 6 mB. On the other hand, if you lose your bet, your loss is 4 mB. Selling: Now, let’s say you are buying short shares (selling at 4 mB per share). You are receiving 4 mB per share since you are selling, but we’ll take a 10 mB deposit per share in case you lose your bet. So you are effectively paying 6 mB per share to short sell at 4 mB. Then if you win your bet, you’ll get back your 10 mB deposit, so you will have made a 4 mB per share profit. On the other hand, if you lose your bet, you will not get the deposit back, so you will have lost 6 mB. You can find more details about this here. Don't hesitate if anything is still unclear. well, i'm saying buy should be less than sell. all i'm saying is that there is a significant margin to sell, so it's discouraged. for example, hilary clinton to win presidency is 4.14 for buy, and 3.38 for sell. that's something like a 20% difference.other events are almost 2:1 ratio buy:sell. on top of that, i'm a little hesitant to make a bet for the 2016 elections.. that's 2 1/2 years away and you guys are a relatively new startup. |
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Predictious (OP)
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June 24, 2014, 11:36:16 AM |
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looking to learn how this works.. can you tell me why there's such a large discrepancy between sell orders and buy orders? in every event, the sell is always less than the buy.. seems like people don't want to sell their shares.
If buy was lower than sell, anyone could buy immediately and re-sell for a risk-free profit. You cannot have the buy price lower than the sell price as we would match the lowest buyer with the highest seller and create a transaction so the order would disappear immediately. Here are examples on how Predictious work: Buying: Let’s say you are buying a long share at 4 mB. You are paying immediately 4 mB to buy the share. If your bet is correct, you receive 10 mB, so your profit is 6 mB. On the other hand, if you lose your bet, your loss is 4 mB. Selling: Now, let’s say you are buying short shares (selling at 4 mB per share). You are receiving 4 mB per share since you are selling, but we’ll take a 10 mB deposit per share in case you lose your bet. So you are effectively paying 6 mB per share to short sell at 4 mB. Then if you win your bet, you’ll get back your 10 mB deposit, so you will have made a 4 mB per share profit. On the other hand, if you lose your bet, you will not get the deposit back, so you will have lost 6 mB. You can find more details about this here. Don't hesitate if anything is still unclear. well, i'm saying buy should be less than sell. all i'm saying is that there is a significant margin to sell, so it's discouraged. for example, hilary clinton to win presidency is 4.14 for buy, and 3.38 for sell. that's something like a 20% difference.other events are almost 2:1 ratio buy:sell. on top of that, i'm a little hesitant to make a bet for the 2016 elections.. that's 2 1/2 years away and you guys are a relatively new startup. Ok got you. For the elections, note that you don't need to wait 2.5 years to re-sell your shares, you can re-sell whenever you want and lock profit earlier. |
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beetcoin
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June 25, 2014, 06:50:27 AM |
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looking to learn how this works.. can you tell me why there's such a large discrepancy between sell orders and buy orders? in every event, the sell is always less than the buy.. seems like people don't want to sell their shares.
If buy was lower than sell, anyone could buy immediately and re-sell for a risk-free profit. You cannot have the buy price lower than the sell price as we would match the lowest buyer with the highest seller and create a transaction so the order would disappear immediately. Here are examples on how Predictious work: Buying: Let’s say you are buying a long share at 4 mB. You are paying immediately 4 mB to buy the share. If your bet is correct, you receive 10 mB, so your profit is 6 mB. On the other hand, if you lose your bet, your loss is 4 mB. Selling: Now, let’s say you are buying short shares (selling at 4 mB per share). You are receiving 4 mB per share since you are selling, but we’ll take a 10 mB deposit per share in case you lose your bet. So you are effectively paying 6 mB per share to short sell at 4 mB. Then if you win your bet, you’ll get back your 10 mB deposit, so you will have made a 4 mB per share profit. On the other hand, if you lose your bet, you will not get the deposit back, so you will have lost 6 mB. You can find more details about this here. Don't hesitate if anything is still unclear. well, i'm saying buy should be less than sell. all i'm saying is that there is a significant margin to sell, so it's discouraged. for example, hilary clinton to win presidency is 4.14 for buy, and 3.38 for sell. that's something like a 20% difference.other events are almost 2:1 ratio buy:sell. on top of that, i'm a little hesitant to make a bet for the 2016 elections.. that's 2 1/2 years away and you guys are a relatively new startup. Ok got you. For the elections, note that you don't need to wait 2.5 years to re-sell your shares, you can re-sell whenever you want and lock profit earlier. i don't think you get it.. of course i know you can sell your shares. but the the parity between the buy and sell are so much that you're better off just holding it until it expires. right now, it's 1.43 for rand paul to win US presidential election 2016.. and sell is at .7. let's say his odds get better and reach 2.00.. well, if the sell holds at that rate, i'd only get 1.00 from a sell. i will have paid 1.43 and received 1.00.. even though his odds have increased. why is there such a big gap? are there not enough users to create for the market corrections? |
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mjangler
Newbie
 Offline
Activity: 21
Merit: 0
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June 26, 2014, 03:29:22 AM |
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I think the spreads will get tighter as we get closer to the election. As you said, the election is still over 2 years away and there will be more interest in it as time goes on. You could put up a bid or offer for an amount in between what is available and it might get filled. For example: Buy Rand Paul at 0.99.
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qxzn
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June 26, 2014, 07:20:22 AM |
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I think the spreads will get tighter as we get closer to the election. As you said, the election is still over 2 years away and there will be more interest in it as time goes on. You could put up a bid or offer for an amount in between what is available and it might get filled. For example: Buy Rand Paul at 0.99.
That's part of the reason. Another part is the fees. Liquidity rebates sure would help. |
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mjangler
Newbie
Offline
Activity: 21
Merit: 0
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June 28, 2014, 01:31:30 PM |
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A volume based discount might work. If you trade x shares per month you get a percentage discount on the fees.
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