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I would just like to report to the @mega_dreamer community that I sold the top.
Why did I sell? No idea, can't remember. Was just a hunch that "hm, actually, I should own the No contract here, why did I buy it?"
As @Undisciplined says, you start off small and then gradually go FULL-ON betting degen. In the Norway Chess bets I went 10x what I've done on Predyx so far.
Unfortunately, my betting track record there wasn't excellent. I made 13,000 sats — all of it from the mispricing in one of the bets when it was already a done deal. For the rest, I hedged too much (bet Magnus+Gukesh+Hikaru) and then gradually sold them off as it crystallized that Magnus would win. So, for the betting portion I roughly made my money back.
Still, it feels AWESOME when the sats are just flowing in:
What I told @Shugard at the time:
I'm clearly not a particularly good better (but arbitrageur of information). Made a net profit of about 13,000 sats, and literally all of it came from this one bet -- that I placed when it was already a done deal and underpriced
Anyway, I'm learning a bit and it's plenty fun.
dude, A HUNDRED K sats on PSG winning?!
@Undisciplined got bigger balls than I do.
edit: oh, at 8c odds, I guess that's just 8,000 sats to put up?
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8 on PSG, 9 on Real Madrid, 8 on Man City, 7 on Bayern Munich, 5 on Chelsea
It looks like I bought 100k with 37k.
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cray. you're really milking Predyx
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Yeah, but I'm also trying to explain to them how to not lose all their sats in these easily preventable ways.
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Oh man, I was killing it during the Stanley Cup game last night. There are two different markets, one for all the teams and one just for the Oilers, and I was the only one active in the Oilers market.
So, every time the odds swung in the multi market I got to make an arbitrage play off of the other market.
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dope!
So I guess you really caught the game last night, eh?
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I caught the final period and OT. That's mostly all you need for degen purposes.
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That's a great progress @denlillaapan. You're on your way to becoming "Domahhhh" of Predyx. This guy nailed the 2024 Elections.
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Impressive! I think you've now learnt enough and passed with grade AAA from the Degens' University.
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yeeeeeeeeeeeeha
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don't forget to brag when you get rekt
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I believe I did?
...For the rest, I hedged too much (bet Magnus+Gukesh+Hikaru) and then gradually sold them off as it crystallized that Magnus would win. So, for the betting portion I roughly made my money back.
confessing that I didn't make any money forecasting the very thing I thought I had advance knowledge of
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rekt means you lost all your money. that's the most probable outcome.
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only way to level up is to lose loud 🔥 pain is temporary, bragging rights are eternal 🧻💀
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