
I do this all the time and it fills me with glee, but I also feel bad at the same time.
Resolves to ratio of YES/NO traders.
Bots excluded.
For example if at market close there are 8 Yes positions and 2 No, the market would resolve to 80%
🏅 Top traders
| # | Trader | Total profit |
|---|---|---|
| 1 | Ṁ27 | |
| 2 | Ṁ10 | |
| 3 | Ṁ8 | |
| 4 | Ṁ6 | |
| 5 | Ṁ4 |
People are also trading
Edit: At least at this point in the market: after putting some formulas into excel I realized this type of market also disincentivizes profit maximization, as it would take a highly skewed number of vote brigading to make a meager return. Any votes will almost surely result in a loss. So this is market is now like a poll with a tax.
Edit: What's worse is the tax is in proportion to both your bet size and the number of traders you are going against (not equally to YES/NO). Tax is much higher if you want to shift the probability against the most popular answer in terms of traders
@Odoacre If people aren't calculating or aware it acts as a tax against brigading (that's a feature) but it also is sort of a subtle trap if you think you can make a profit (bug).
If someone can confirm this is generally true of this type of market (maybe I have made an error, as I have wrongly generalized from a single data point) maybe you can put it in the description to be transparent, like "you won't make money on this market" (this will remove the bugginess).
Edit: This requires some research as I think it is a bit complicated with the dynamics, I'm not interested in figuring this out.
@Timothy I assumed they meant it resolves to the percentage of the market at close, but that is a good catch. Clarification is a good idea
@Odoacre bro what is this math here
yes - no is 8:2 = 4:1, if you mean total percentage, then say that
@8 I think you are joking, but my math is so bad that I need to make sure. Would you rather I resolve to something else in that scenario?