It’s currently Ṁ3 per unique response (each person can contribute Ṁ3 per answer which is bet on). How do you feel about this?
@JamesGrugett this literally changes everything haha. i’m going to dream up so many more multi-markets now
Here are some examples of users who already participated in this thread.
VERY TYPICAL PATTERN:
- On resolved binary questions, most creators have a positive return. It might only be a few mana per question or many thousands. It looks like trader bonus works very nicely on these in general.
- On MC questions, the same exact traders who are well calibrated in creating binary questions, have lost 100s or 1000s on adding answers to their own MC questions. They're all bleeding like crazy.
Here's mattyb, who has actually got pretty good stats for MC creation, better than many! Probably because of realizing early on that it was unprofitable?
Creator Checkup - mattyb
Total Markets - 134
Total subsidy added (Binary) - 0
Total subsidy added (MC) - 0
Type Count Spent Return Bonus Total
Binary (All) 84 4200 360 3405 -435
Binary (Resolved) 19 950 360 865 275
Binary (Unresolved) 65 3250 0 2540 -710
Binary (N/A) 0 0 0 0 0
MC (All) 45 7525 257 3553 -3715
MC (Linked) 28 4075 257 1545 -2273
MC (L-resolved) 9 1075 88 843 -144
MC (L-unresolved) 17 2825 0 696 -2129
MC (L-NA) 2 175 169 6 0
MC (Unlinked) 138 3450 0 2008 -1442
MC (U-resolved) 37 925 0 1090 165
MC (U-unresolved) 101 2525 0 828 -1697
MC (U-NA) 0 0 0 0 0
POLL 4
BOUNTIED_QUESTION 1
And firstuserhere:
Creator Checkup - firstuserhere
Total Markets - 1493
Total subsidy added (Binary) - 111695.25
Total subsidy added (MC) - 5598.5
Type Count Spent Return Bonus Total
Binary (All) 847 154045 16137 88983 -48926
Binary (Resolved) 509 61427 15137 46792 502
Binary (Unresolved) 318 91618 0 42191 -49428
Binary (N/A) 20 1000 1000 0 0
MC (All) 585 76824 3505 33866 -39452
MC (Linked) 538 54338 2455 20900 -30983
MC (L-resolved) 325 32988 1914 15312 -15762
MC (L-unresolved) 208 20725 0 5504 -15221
MC (L-NA) 5 625 541 84 0
MC (Unlinked) 764 22486 1050 12966 -8470
MC (U-resolved) 446 12549 0 9075 -3474
MC (U-unresolved) 275 7007 0 3783 -3224
MC (U-NA) 43 1080 1050 12 -18
POLL 32
BOUNTIED_QUESTION 12
FREE_RESPONSE 8
PSEUDO_NUMERIC 3
STONK 4
MULTI_DPM 2
Multibinaries are great, from both UI and UX perspective. Idk why they're not more incentivized.
In fact, a lot of big creators (including myself) have lost thousands creating them, and the returns are not that great with the 3 Ṁ bonus. I propose it should be increased.
The cost to create a single answer is lower than a Binary market, however, most participants will not play every multiple choice answer you add. They will only play a handful. Often only 1-2 if you added 10.
The current system says "Add fewer options to MC questions".
I have run an analysis on over a dozen creators and almost all of them have lost mana overall on creating MC questions/answers. The only exceptions are users who have gotten extremely popular MC markets, and even those are not particularly profitable.
By comparison, many, many users have made loads of mana from bonuses on Binary questions.
@Eliza Adding to this, it has affected the types of markets that I create now. I’ll try choose a fair 50% point now and just make a binary market around will it be above / below that - or choose a single option.
I made a Supreme Court market this morning (below) as a binary instead of a list of 9 as I had 0 confidence that my list of 9 would have a positive ROI but I’m pretty damn certain the binary will. That being said, as a trader the multi-market would’ve been more fun to trade in.