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Well I think that's my point. There seems to be some solid theoretical basis for the automated liquidity bot. But only if bettors are assumed to be rational, i.e. they know the rules and they know the optimal strategy for betting within those rules
The math is hard. I think I need to spend some time working out simpler examples. One of my goals is to build a tool that would advise people on how to bet given their beliefs in the probability of an outcome, as well as a tool to advise market creators on how to set up their liquidity bot.
It might never happen though... seems like a lot of effort for a side project for a site I don't even engage with much! ~lol
There’s a decent chance they’d pay you for something that helped users make smarter purchases.
There’s mad money to be made in prediction markets, and liquidity bots are the way to get it. But please, don't call them prediction markets, that’s just a buzzword. A dope name would be LiFeBETCaSiNo! ~lol
Prediction markets shouldn't have automated liquidity bots, because that just messes with the forecast. daahhhhh