Are you making money in prediction market or you at a loss?

[dwyane36]

It is true that the prediction market can be profitable, but I think it is just for a few who are most powerful and influential to manipulate the outcome of things in their own direction so they can go home with fat pockets, as it has always been their way. Prediction markets can no longer be trusted because of the happenings surrounding them and how they are currently running. Just a few people who are in the know, connected to the top shots who got tips early enough to act on them, are the ones who benefit from it. The prediction market is messed up, and I would not advise anybody to fall for government-predicted events anymore, or individuals who can not be trusted with their words.

This applies only to political events, as there have indeed been many cases recently where insiders placed large bets in advance and ultimately profited from upcoming events.
However, prediction markets aren’t just about political events, but a wide range of other events as well. At the very least, you can make money there by predicting the BTC price or another asset, especially if you’re good at analyzing charts.

[Gentle_Soul]

I haven't used the prediction market to bet on any event since it's not that interesting to me. I am waiting for abig event which I can bet on. For now, I stick to casino games and use bookmakers to bet on sportbet. OP, you should know that gambling is for fun and not to make profits. Prediction market isn't different.

Gambling is actually for fun but it's different for some people because some persons actually feel the emotions that comes with losses and some the emotions that comes with losses, it entirely depends on who the gambler is.
Some persons gamble for fun while some gamble for profit so this two persons do not take there gambling outcome the same way that's why you some persons meticulously select there gambling predictions because they want to at all times ensure they make a profit  in other words some persons take it like a side hustle.

[bakasabo]

If there are less than 5% who make profit in gambling, then the % of those who is successful in prediction market is even lower. When you make prediction in sports, you might run some analysis, you have statistics of previous performances. With prediction market only luck helps. For example was there any statistics or was it possible to run analysis that will help to predict that today US and Iran would make a pause for two weeks? Those who have made money on prediction market, I think these are people who have made 1-2 predictions, guessed correctly and quit.

[CryptSafe]

It is true that the prediction market can be profitable, but I think it is just for a few who are most powerful and influential to manipulate the outcome of things in their own direction so they can go home with fat pockets, as it has always been their way. Prediction markets can no longer be trusted because of the happenings surrounding them and how they are currently running. Just a few people who are in the know, connected to the top shots who got tips early enough to act on them, are the ones who benefit from it. The prediction market is messed up, and I would not advise anybody to fall for government-predicted events anymore, or individuals who can not be trusted with their words.

This applies only to political events, as there have indeed been many cases recently where insiders placed large bets in advance and ultimately profited from upcoming events.
However, prediction markets aren’t just about political events, but a wide range of other events as well. At the very least, you can make money there by predicting the BTC price or another asset, especially if you’re good at analyzing charts.

Betting on political events currently is a risk taken too far. I will never make such a silly mistake ever. The political scene could be so easily manipulated that everything about the bet and situation could be armtwisted at intervals to suit the powers that be, not to mention when it is an event they can easily control from their table per time.  There are other neutral bet though but it is now looking like events on prediction market could be easily manipulated and all of that.

[drangos]

If there are less than 5% who make profit in gambling, then the % of those who is successful in prediction market is even lower. When you make prediction in sports, you might run some analysis, you have statistics of previous performances. With prediction market only luck helps. For example was there any statistics or was it possible to run analysis that will help to predict that today US and Iran would make a pause for two weeks? Those who have made money on prediction market, I think these are people who have made 1-2 predictions, guessed correctly and quit.

To some extent I concur, but I believe that prediction markets are not all luck either. They are simply difficult to analyze as compared to sports betting. In sports, there is the clear information such as form, injuries and history. In prediction markets, news flow, sentiment, and timing, which are not so structured, are often useful as the data. The worst thing is that the majority of people make it seem like a guess rather than conducting an actual research. No one can make profits, as few are disciplined and patient. Winning parties tend to be risk takers and not merely make a single fortunate guess.

[Jubilee58]

Is prediction market fun? I have been on prediction market since some days now, but I do not see it as fun, all I was looking for is just money. I have been winning all the events that I am predicting and it is basically about bitcoin daily price prediction, but the money earned is small and I know I can lose it in just one day. I have used $50 to earn 3 to $8 daily but it can not be as expected all the time.

How about you, are you using the prediction market for money making or just for fun or both? I still make sure that I risk wisely and I am not using more than $50 for each bet.

Although I think prediction markets are cool.

I don't actually go for bitcoin price prediction. I gamble on sports betting, I predict the sports market based on stats. But even at that , there is no fun there. The prediction market is not an easy place to make money, I have tried several occasions to make huge wins, but it seems the more you try to make more money, the more you loose more money. It is necessary to tread on the prediction market with caution because is always full of uncertainty.
Gamble responsibly, and do not put so much confidence in the market to avoid regret since the market is full of uncertainty.

[rachael9385]

Is prediction market fun? I have been on prediction market since some days now, but I do not see it as fun, all I was looking for is just money. I have been winning all the events that I am predicting and it is basically about bitcoin daily price prediction, but the money earned is small and I know I can lose it in just one day. I have used $50 to earn 3 to $8 daily but it can not be as expected all the time.

How about you, are you using the prediction market for money making or just for fun or both? I still make sure that I risk wisely and I am not using more than $50 for each bet.

Although I think prediction markets are cool.

The prediction Market has a lot of options and I think it's cool but I don't really like it because that's not what I'm used to, it is better for me to stick with what I know best. If there's a striking event that gets my attention I'm going to give it a try. From the way I see it I don't really think a lot of people benefit from the prediction Market if they are really honest about their results.

[Franklyn-wood]

I haven't used the prediction market to bet on any event since it's not that interesting to me. I am waiting for abig event which I can bet on. For now, I stick to casino games and use bookmakers to bet on sportbet. OP, you should know that gambling is for fun and not to make profits. Prediction market isn't different.

Sure agree with you that gambling is for fun and not necessarily for profit making, but currently now people gamble with the aim of. Making profits to themselves. I have seen and heard from people who when they need to sort some bills, that is when they start booking games with expectations of making urgent money from the games they have booked. This is the reason why respiration is the other of the day, as people dont calculate the risk of losing there hard earn money in the process of trying to get urgent amount to sort themselves.

[Perfectbaby]

If there are less than 5% who make profit in gambling, then the % of those who is successful in prediction market is even lower. When you make prediction in sports, you might run some analysis, you have statistics of previous performances. With prediction market only luck helps. For example was there any statistics or was it possible to run analysis that will help to predict that today US and Iran would make a pause for two weeks? Those who have made money on prediction market, I think these are people who have made 1-2 predictions, guessed correctly and quit.

In prediction market there are no way for people to check past records or history of the previous events and like I have seen so far, there are a lot of people who are losing in prediction market and from the little information I have red on the other forum it is believed that almost+80 - 90% of people who uses the prediction market are making loses and it's also reported that only few people that are making profits from the market, which is some how looks familiar as trading and not gambling.

[Rashlyowl]

Is prediction market fun? I have been on prediction market since some days now, but I do not see it as fun, all I was looking for is just money. I have been winning all the events that I am predicting and it is basically about bitcoin daily price prediction, but the money earned is small and I know I can lose it in just one day. I have used $50 to earn 3 to $8 daily but it can not be as expected all the time.

How about you, are you using the prediction market for money making or just for fun or both? I still make sure that I risk wisely and I am not using more than $50 for each bet.

Although I think prediction markets are cool.

Honestly, prediction markets are really cool as you said, because we can bet on things that are unusual & not available in traditional betting markets. However, the prediction market failed to catch my attention, even though it looked fun, I was not confident that I could win well, maybe after I saw the news about the possibility of insiders.

[Yorubek]

I haven't used the prediction market to bet on any event since it's not that interesting to me. I am waiting for abig event which I can bet on. For now, I stick to casino games and use bookmakers to bet on sportbet. OP, you should know that gambling is for fun and not to make profits. Prediction market isn't different.

Sure agree with you that gambling is for fun and not necessarily for profit making, but currently now people gamble with the aim of. Making profits to themselves. I have seen and heard from people who when they need to sort some bills, that is when they start booking games with expectations of making urgent money from the games they have booked. This is the reason why respiration is the other of the day, as people dont calculate the risk of losing there hard earn money in the process of trying to get urgent amount to sort themselves.

Gambling is for entertainment, it is not right to choose gambling to make quick money, there is no reason to doubt it. All gamblers who choose gambling only in the hope of making quick money have faced financial losses, gambling is not a game through which you can win for confirm. You must understand and follow the right rules before gambling, although the chances of winning may not increase, the amount of loss can be reduced. Your thoughts and your mentality can lead you to demolition, but can protect from danger again, so it is good to gamble with the right mentality.

[IsraelK]

Is prediction market fun? I have been on prediction market since some days now, but I do not see it as fun, all I was looking for is just money. I have been winning all the events that I am predicting and it is basically about bitcoin daily price prediction, but the money earned is small and I know I can lose it in just one day. I have used $50 to earn 3 to $8 daily but it can not be as expected all the time.

How about you, are you using the prediction market for money making or just for fun or both? I still make sure that I risk wisely and I am not using more than $50 for each bet.

Although I think prediction markets are cool.

you shouldn't be hampered by the slow rails of traditional finance or the high fees of centralized exchanges. Bitcoin-betting is the "Fast-Pass" for someone with your specific skillset.

[GeorgeJohn]

Sure agree with you that gambling is for fun and not necessarily for profit making, but currently now people gamble with the aim of. Making profits to themselves.

  Anyone who is saying the objectives why people engage in gambling is because of fun, I will disagree with you....Based on my observations and the traffics gambling is having, it's obvious that why people is come daily in gambling, it's because they wants to make profit through gambling, it's rall before you can see someone who is into gambling without the mindset of making profit from gambling....

 I have seen and heard from people who when they need to sort some bills, that is when they start booking games with expectations of making urgent money from the games they have booked.

I have seen it for long time ago, especially people who gambles on a virtual, they always gambles virtual with the mindset of winning...but that's wrong concept for a gambler, if a gambler want's to gamble, let it make it's prediction above the time or days...

[impulse709]

If there are less than 5% who make profit in gambling, then the % of those who is successful in prediction market is even lower. When you make prediction in sports, you might run some analysis, you have statistics of previous performances. With prediction market only luck helps. For example was there any statistics or was it possible to run analysis that will help to predict that today US and Iran would make a pause for two weeks? Those who have made money on prediction market, I think these are people who have made 1-2 predictions, guessed correctly and quit.

In prediction market there are no way for people to check past records or history of the previous events and like I have seen so far, there are a lot of people who are losing in prediction market and from the little information I have red on the other forum it is believed that almost+80 - 90% of people who uses the prediction market are making loses and it's also reported that only few people that are making profits from the market, which is some how looks familiar as trading and not gambling.

The prediction markets are far more difficult to take advantage of than normal sports betting because too many outcomes are affected by unpredictable political decisions, world events and reactions by the populace. At least, in sports betting people have the chance to research statistics, team composition, injuries, and previous performances prior to providing predictions. However, in prediction markets, the outcome can totally change in a few minutes due to sudden news or unexpected announcements. This is also the reason, why I also believe that only a very small number of the users will always make profits there, as the majority will continue losing money over time. Mostly, prediction markets are more of a game of speculation rather than a game of gambling.

[famososMuertos]

OP says they spend $50 per bet and think that's not much. Whether it’s “not much” depends on their bankroll. If their bankroll is $100, it’s a lot; if it’s $500, it’s still a lot; if it’s $1,000, then it starts to be more reasonable.

Ideally, you should have at least 20 times the value of each bet—and I’m being very conservative. In any case, the famous phrase “it’s not much” really comes down to how many times you can afford to place that bet if you lose.

Prediction markets have their own variance and equity, just like sports betting, casino games, etc.—you just have to calculate it. But you’re right about one thing: they are fun.

[Asiska02]

One of the fun things about prediction market is that you want to also test your ability of being able to predict well in the midst of many others, by using your technical and fundamental knowledge viewpoint of the market. When you are able to get a price close to the actual price predicted, you feel some sense of satisfaction that you’re really good at your skill and can really make money off it when you risk well to predict.

Using a very small amount of your total bankroll is very important. $50 could actually be a very large amount for some other persons due to their bankroll not being able to boast of more money if they happen to lose this in the market. One thing about every game is that, you should always have a means of some capital to try again, the more you get to try, the more chances you’d get that win you want. And this can only be achieved by risking well.

[Dr.Bitcoin_Strange]

In my opinion, prediction markets might just be the most entertaining gambling-style platforms available on the market right now.

 I don’t think you could watch matches for hours without getting bored at a regular casino. That would be much more boring.

That's no true in my opinion, prediction market might be a trend currently and also a profitable business to the owners but it's obviously not the most entertaining form or gambling or trading as others would say. People are different and we all have different choices in terms of seeking entertainment.  I personally can watch match for more than 3 hours if I have the time to do so and also if it's my teams that are playing.

[Derekfunds]

In my opinion, prediction markets might just be the most entertaining gambling-style platforms available on the market right now.

 I don’t think you could watch matches for hours without getting bored at a regular casino. That would be much more boring.

That's no true in my opinion, prediction market might be a trend currently and also a profitable business to the owners but it's obviously not the most entertaining form or gambling or trading as others would say. People are different and we all have different choices in terms of seeking entertainment.  I personally can watch match for more than 3 hours if I have the time to do so and also if it's my teams that are playing.

By prediction market, you mean those that predict games and drop online? Most of those guys are looking for popularity  and engagement and  some of their prediction are not even 70 percent correct and sure that is why I have stopped following up those folks before they make me lose money. I can predict game myself very well and Instead of following up those prediction I think I would rather do same thing you mentioned. I love watching football especially when the big teams are playing.

[Finebone]

In my opinion, prediction markets might just be the most entertaining gambling-style platforms available on the market right now.

 I don’t think you could watch matches for hours without getting bored at a regular casino. That would be much more boring.

That's no true in my opinion, prediction market might be a trend currently and also a profitable business to the owners but it's obviously not the most entertaining form or gambling or trading as others would say. People are different and we all have different choices in terms of seeking entertainment.  I personally can watch match for more than 3 hours if I have the time to do so and also if it's my teams that are playing.

I agree with you on this because it's not easy to be perfect in your prediction consistently, and since it's gambling, the chances of winning is lower than the chances of losing, so the owners of the bet are the biggest victors here, since their  chances of winning is like 90%, and the gamblers 10% if it's not lower than that.

Prediction market might only be entertaining when you are doing it for fun, like without money, or you are gambling with what you can let go, but if you have the intention of making money from it, it will never be entertaining to you if you are noth winning as you expect.

[Dunamisx]

Had it been it has been easy to make money from prediction markets, then maybe many gamblers wouldn't have enough reason not to use gambling search even on their platform, but in prediction market, things we are not the same way we see them on gambling platforms, and maybe this is one of the reasons why they will always find an alternative to prediction market because of the risk in it when they consider playing.