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120 sats \ 3 replies \ @IamSINGLE 28 Nov \ parent \ on: 🏀 Will Jarred McCain claim the NBA Rookie of the Year 2024-2025 season? 🌟 Stacker_Sports
Thank you so much. I'm getting a little understanding of it. Can you pleas tell me what this means
Do I have to pay 75 sats for a No and 25 sats for a yes and winning (as is the odds now) 25 Sats for a no outcome and 75 for a yes outcome? Is it correct?
Its easier to understand the odds, price and Potential Earn on the market details page.
To explain the odds and price:
If the current odds/probability is 25%:
- You pay 0.25 sats for each share of YES (price 0.25/share), on Predyx you typically buy 100 shares, so you pay 25 sats for 100 shares.
- You pay 0.75 sats for each share of NO (price 0.75/share), on Predyx you typically buy 100 shares, so you pay 75 sats for 100 shares.
1 share = 1 sat, thus if you buy 100 shares of any outcome (YES/NO), and your prediction was correct, then you get 100 sats.
For example you buy 100 shares of YES on the above market with 25% Chance/Probability/Odds. That means you paid 25 sats. If Lions win, you make 100 sats.
- In terms of sports betting your odds are 4.00 (European Odds - decimal) or
- In terms of finance your ROI is 400%
Let me know if this gives you some idea of how the pricing and shares work. I'll be more than happy to explain in more details if you wish.
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Thanks for the detailed answer. I think I have understood it well and if not a few sats should make me.
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Yes, please try with small amounts till you get a hang of it. It took me few weeks to understand the prediction market and pricing. And it took me months to fully understand the significance of liquidity and how it impacts the odds/pricing when betting big.
All the best, and Happy Thanksgiving!
Feel free to reach out anytime you have a doubt.
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