Btw, I believe this is currently the BEST value (free money) market for new people. I don't believe they've hit the 5k trader cap yet. It is the cheapest way to bet on Biden winning.
https://www.predictit.org/markets/de...ent-5150452653
You can bet on Biden to win the election for around 75 cents by just buying NO shares in every GOP bracket (see post above for explanation). You can also take the NO shares in all the Dem brackets except for Dems 60-99. This should cost you around 70 cents, depending on how patient you are. At most it'll cost you 77 cents. Again, this is a much better value than buying YES shares in Dem 60-99, which would cost you ~84 cents, and it's exactly the same thing. Try to find a sportsbook that will still let you bet on Biden at -300. You can't, it's impossible. And yet it can still be done on PredictIt.
Note: Sometimes it makes sense to just hit whatever the asking price is, instead of setting your own bid. Like look at GOP 100-149. There's 21k shares asking 98 cents. Now look at 97 cents, there's 42k shares bidding 97 cents. So you can go in and bid 97 cents and stand behind those 42k shares and wait to get filled. Or you can just pay the 98 cents and get those shares right away. Generally speaking, I like to set my own bid and pay a penny or two less than the ask. In that bracket, I'm probably just going to pay 98 cents. I don't want those 21k 98cent shares to get filled and then have the price to move to 99. This is more likely to happen than the price moving to 96cents (because 42k shares at 97 would have to get bought out before it can move to 96). You can look at the order book to try and guess where the price is likely to move, and how much you should pay. If you're a newbie, this takes a little getting used to but you'll get the hang of it pretty quickly. It'll probably involve you making a few mistakes first. That's OK. Overpaying by a few cents here and there isn't the end of the world. If you're buying a bunch of NO shares, you're almost always still getting a better price than buying YES shares in a single bracket, even if you overpaid by a penny in a few brackets.
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