Resolves to market minus 10%
43
120
แน€850
resolved Jan 11
Resolved
NO

Resolves to market%-10%, if result<=0 resolves NO.

Consider this sibling market:

Get แน€200 play money

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๐Ÿ… Top traders

#NameTotal profit
1แน€1,723
2แน€951
3แน€708
4แน€344
5แน€272
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predicted NO

@FranklinBaldo resolves to No?

@ms_test From my understanding it resolves to PROB -10% so if it's 50% at close it will resolve as 40%

predicted NO

@Simon1551 From description: โ€œif result<=0 resolves NOโ€

@ms_test oh right right that's correct

bought แน€10 of NO

@Preen isn't it dangerous to buy so many NO shares?

bought แน€40 of YES

@Simon1551 I think it's possible to create a set of limit orders (large sell orders at 90%+, slightly less large orders at 85%, and so on) such that it's not profitable to do a last second take through (although this does depend on them not getting too large positions, so yeah agreed it is dangerous to continue buying NO until I've actually done the math)

bought แน€0 of YES

@Preen Sadly I didn't consider that the order sizes would have to be growing exponentially so I don't actually have enough mana to put out enough orders to protect the 92% (exponentials grow/decay fast). But I can still put out some limit orders that are guaranteed to be profitable if filled so I'll do that to mitigate my losses some.

Here's the spreadsheet I used to confirm that these limit orders will be profitable if filled:
https://docs.google.com/spreadsheets/d/1QwPkkmjztoHvX5D0h250W0f1Y-tqP88RYTEJv14wT3k/edit#gid=1154073404
feel free to make a copy if you want to do the same

@Preen I really appreciate your dedication ๐Ÿ˜‚

bought แน€10 of NO

This is basic game theory guys. Everyone buy No and we all profit!

predicted NO

@jonsimon honestly it pretty funny seeing the large betting asymmetry between this market and the linked variant. I'm attributing this to "people have a general bias for voting yes when confused"

predicted NO

@jonsimon More evidence for this

bought แน€20 of NO

@jonsimon Actually, the one reason I haven't bet tons in this or the variant market is since I'm worried about this Spindle character doing something odd... since they have definitely shown an aversion to making profitable bets ๐Ÿ˜‚