InTrade - Does anyone use this?

sure hope it's legit, got $8k on obama to win on intrade (was a good arb opportunity due to price difference with betfair, free $500 for me:D)

Is it hard to get shares on that? It seems like you could make some money against some idiots that do things like believe Ron Paul will be President but I imagine there are a lot of people competing to buy the bets of those idiots

if ppl wanna bet on ron paul, the current price they have to pay is 1 cent to win $9.99. A huge amount of shares are already being offered at that price

yeah most of the odds are more or less consistent with what's offered on sportsbooks afaik, although a couple weeks ago Obama's shares on intrade took a huge dive compared to the relatively small dip they experienced on sportsbooks or nate silver's election prediction models and some people were scrambling to get money on. nate wrote a pretty good article about the situation and election prediction markets in general on his blog: http://fivethirtyeight.blogs.nytimes....ection-prediction-markets/#more-36594 .

there's also a ~$5 monthly trading fee fwiw.

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On November 03 2012 14:37 Ket wrote: if ppl wanna bet on ron paul, the current price they have to pay is 1 cent to win $9.99. A huge amount of shares are already being offered at that price

oh I didn't even know there were still active bets on that lol. I was thinking several months ago when it was still during the primaries I remember Ron Paul being unreasonably high compared to what I thought his chances were.

On November 03 2012 17:43 2c0ntent wrote: wtf this intrade thing is v cool..... whoa US player so I can't fund my account before election I want some obama shares

same, i was just about to put a couple hundo on Obama lol

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so how do you fund this thing?

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oh. ill google more info on this thing. site looks a bit shady/weak for a betting site.
they could've at least made the site look full featured with stats etc to make it look expensive. hehe

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Are these the prices that have been mention in the media? The stocks of the president? Comparing romney to obama, obama got this.

You know what, this seems like a fucking bucketshop, to be honest. Trading binaries instead of real assets.

Very interesting site..

On November 03 2012 14:37 Ket wrote: if ppl wanna bet on ron paul, the current price they have to pay is 1 cent to win $9.99. A huge amount of shares are already being offered at that price

it might as well be 1 cent to win a million. hes 0% to win. hes not even going to finish top 4