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92 sats \ 16 replies \ @Coinsreporter 12h \ on: New Predyx Market: Who will win #1 seed in American League Stacker_Sports
Very easy. It'll be Blue Jays.
I'm sort of thinking about 2k liquidity being too less for the markets. How about you, I and @undisciplined pool together and create markets with shared liquidity.
We can also get some consensus with a discussion on the possible markets prior to creating them. What do you say??
I had to front almost 6k sats to create that market which is why I went with 2k. I had originally planned for 5k.
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What’s with the fronted sats?
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My apologies in advance but I couldn't help.
Sats to create a market on Predyx are fronted sats just like you fronted two sats to ask this silly question, haha.
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I knew about paying for liquidity
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I think 2k sats for each outcome. Maybe due to the market type I selected.
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USA vs The World Market also says 2k liquidity, but I only have to front 1387 Sats. I think we are missing some point here. Need to understand about it more.
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I’ll have to pay more attention but I thought I only got charged 1k for the liquidity. Maybe it’s for the maximum possible loss.
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Yes I think for maximum possible loss.
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But it just says it has 2k liquidity.
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Okk. I think you've manually entered the odds, right?
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Yes otherwise they would have been set at 33% each. Then I had to buy some shares to get the odds to appear because it was showing zero when I created the market.
First go around. Figuring out how it all works.
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Because you manually overpriced Blue Jays so, your maximum possible loss value increased and you have pay it upfront (Fronted @Undisciplined ;)) liquidity.
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I tried to make the odds fair so someone couldn't swoop in and buy the Jays for 50% when they are 4 games ahead of the Tigers.
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Alright.
I think the market shows 'the liquidity available per option', not the total sats fronted by the owner.
In the case of USA vs world, I had the market open at 50/50 so my maximum possible loss was only about 1400 sats considering either side wins.
But if I had incred the odds in favour of 1 team, it wouldhave cost me more considering that the team with lower odds might as well win.