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108 sats \ 6 replies \ @Undisciplined 8 May \ parent \ on: Bet Update: Us "No" Men Are So Fucked...? meta
The “unseen” here is the profit I already pocketed.
ok, so there's some method to the madness here I'm not grasping yet.
I need a webinar in "How to Trade Predyx Like a Pro"
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Yes, @Undisciplined has been trading and taking profits.
We'll have to request undisciplined to do a seminar on: "How to Trade Predyx Like a Pro"
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OK, so I see. Tell me if I'm doing this wrong -- arbitrage trade:
These two bets are the same, yes. By arbitrage, whatever the actual chances of Barcelona winning La Liga are, it's better to own a contract where the Yes costs 87 than 88.
So when I trade away the one I owned for 880 sats and pay 866 sats on the other trade, I arbitrage-pocketed 14 sats holding the same risk/exposure as before, correct?
(I feel like an idiot having to spell out these obvious-sounding things, but... this is what y'alls do here all day?!)
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Yep, there are lots of opportunities like that.
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Yes, you're learning now.
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There was a huge price swing a couple of weeks ago that sent the 1.4M odds way below the 1.5M. So, I sold most of my 1.4M No and some 1.5M Yes, until the odds made some sense.
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