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Polymarket,a gambling site.

BLUEJAYWAYBLUEJAYWAY Posts: 10,705 ✭✭✭✭✭
in Sports Talk

Just saw this on 60 Minutes. Over 10,000 betting options. On the Stock Exchange now. Anyone else hear of it? They even offered betting on the LA fire,how many acres would be burned.

Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".

Comments

  • perkdogperkdog Posts: 32,804 ✭✭✭✭✭

    I'm already in with Draft Kings, haven't heard of it though.

    These sites are everywhere now, it's the newest coolest thing and it's taken the sports world by storm

  • BLUEJAYWAYBLUEJAYWAY Posts: 10,705 ✭✭✭✭✭

    Wonder when "regular" sports gambling sites will divert and add these crazy non-sports options. Have heard of betting on celebrity deaths. Or in a group of 4 or 5 who will be the last standing. Like a tontine.

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • perkdogperkdog Posts: 32,804 ✭✭✭✭✭

    @BLUEJAYWAY said:
    Wonder when "regular" sports gambling sites will divert and add these crazy non-sports options. Have heard of betting on celebrity deaths. Or in a group of 4 or 5 who will be the last standing. Like a tontine.

    I think there are sites that allow political races to bet on, Oscars and other events like that

  • Basebal21Basebal21 Posts: 4,707 ✭✭✭✭✭

    @perkdog said:

    @BLUEJAYWAY said:
    Wonder when "regular" sports gambling sites will divert and add these crazy non-sports options. Have heard of betting on celebrity deaths. Or in a group of 4 or 5 who will be the last standing. Like a tontine.

    I think there are sites that allow political races to bet on, Oscars and other events like that

    There are some. Other than DK and Fan Duel a lot of them make me nervous about whether or not they would actually pay you or have the money to do so if some major long shots happen so many of them have come up.

    Fire AJ Preller

  • perkdogperkdog Posts: 32,804 ✭✭✭✭✭

    @Basebal21 said:

    @perkdog said:

    @BLUEJAYWAY said:
    Wonder when "regular" sports gambling sites will divert and add these crazy non-sports options. Have heard of betting on celebrity deaths. Or in a group of 4 or 5 who will be the last standing. Like a tontine.

    I think there are sites that allow political races to bet on, Oscars and other events like that

    There are some. Other than DK and Fan Duel a lot of them make me nervous about whether or not they would actually pay you or have the money to do so if some major long shots happen so many of them have come up.

    100% agree

  • craig44craig44 Posts: 12,184 ✭✭✭✭✭

    I am thankful that I never got interested in gambling. when something does interest me, I tend to go in 110%. I am sure that i would literally be living in a van down by the river if i was into it!!

    George Brett, Roger Clemens and Tommy Brady.

  • stevekstevek Posts: 31,089 ✭✭✭✭✭

    I think Polymarket is now available in all 50 states. Not 100% sure.

    But I am pretty sure that very likely at least some states will ban it during their particular state's next legislative session. We shall see what happens there.

    In any event, it does add a new dimension to sports betting although Polymarket is not a bookie. It's bettors wagering against each other, rather than against a bookie.

    I've got a lot more to learn about this, but I think Polymarket grabs around a 5% commission off each bet. So if comparing Polymarket odds versus the bookies, keep that in mind.

    My guesstimation is that the best Polymarket values in sports betting may be when the odds are first released. There may be some discrepancies between the bookie odds and Polymarket odds, resulting in some interesting opportunities. But you'd better be lightening fast about it. There are perhaps millions of others out there who will be trying the exact same thing. Any "gap" in the odds will likely be quickly filled.

  • perkdogperkdog Posts: 32,804 ✭✭✭✭✭

    Welcome back @stevek

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