Anyone tried making money in the prediction markets

jrandleww · #1 10-09-2015

Am I the only one here that making and losing a little money over at Predictit.com ?

slokor · #2 10-09-2015

Sure would seem like it lol

MM78 · #3 10-09-2015

I just made $100,000 on predictit.com and so can you!

jeffweico · #4 10-09-2015

I've made a little money, I do that sometimes for fun, but it is gambling. Not suitable for a business plan.

unkown5454 · #5 10-09-2015

play in the real market like an adult.

rsot · #6 10-10-2015

xhan · #7 12-03-2015

clever gambling site, expect to loose in the long run

rsot · #8 12-04-2015

The House always wins eh?

luckoftheirish93 · #9 12-05-2015

gamblers always lose, never heard of a rich man that gambled yet

rsot · #10 12-06-2015

Quote:

Originally Posted by luckoftheirish93

gamblers always lose, never heard of a rich man that gambled yet

Aspkin /nod

jeffweico · #11 12-07-2015

Quote:

Originally Posted by luckoftheirish93

gamblers always lose, never heard of a rich man that gambled yet

Exactly. I take risks all the time, but they are based on informed decisions. Pulling a slot lever is not an informed decision, the outcome is random. Las Vegas does not interest me. I have been there for conventions dozens of times and I can always happily walk right through the casino without betting on anything. In Vegas, they make it so you have to walk through the casino to go ANYWHERE!

The prediction markets can be fun, but it is not a place to try to make serious money. I bet $10 or $20 here and there. Sometimes I win, sometimes I lose. But I would never put a large amount at risk, especially on something that seems like a sure thing. Because the return is small and if it goes south, you can lose a LOT of money!