Friday , February 28 2020
Home / Mish's Global Economic / I Just Made the Max Predictit Bet on Bloomberg

I Just Made the Max Predictit Bet on Bloomberg

Summary:
Predictit Bet on Bloomberg Previously I made a bet on Predictit for Joe Biden to become President. For Biden, I only had to pay %excerpt%.07 to collect .00 and I liked those odds and still do. But you can now buy Biden for %excerpt%.06. Today I made another bet (this one on Michael Bloomberg) at a much higher price %excerpt%.23 to collect .00. This will be my last US presidential election bet. I bet the max on both candidates 0. About 0 of the Bloomberg bet has filled so far. Fills have been trickling in for over an hour. 0 is not serious money but I am following the rules. Predictit Operations I don't like the way Predictit is setup. The fills are coming in as few as 1 share at a time. My biggest block was 1222 shares. They have no online chat. There is no way to cancel an unfilled order and

Topics:
Mike Shedlock considers the following as important:

This could be interesting, too:

Mike Shedlock writes Biden Guarantees He Will Win in South Carolina

Mike Shedlock writes Bernie Wins But We Still Don’t Have the Results

Mike Shedlock writes Terrible Showing by Bloomberg in the Debate: Will it Matter?

Mike Shedlock writes Bernie’s Odds of Winning the Nomination are Under 50%

Predictit Bet on Bloomberg

Previously I made a bet on Predictit for Joe Biden to become President.

For Biden, I only had to pay $0.07 to collect $1.00 and I liked those odds and still do. But you can now buy Biden for $0.06.

Today I made another bet (this one on Michael Bloomberg) at a much higher price $0.23 to collect $1.00. This will be my last US presidential election bet.

I bet the max on both candidates $850. About $750 of the Bloomberg bet has filled so far. Fills have been trickling in for over an hour.

$850 is not serious money but I am following the rules.

Predictit Operations

I don't like the way Predictit is setup. The fills are coming in as few as 1 share at a time. My biggest block was 1222 shares.

They have no online chat. There is no way to cancel an unfilled order and there is no way to up the bid to get filled. I posted a question and they will get back within 24 hours. Not very timely.

With the fill I have so far, if either wins, I make a substantial profit percentage-wise. If neither wins I have a total loss.

This post is on the bet and the Predictit process. Whey they reply to my questions I will likely post an addendum update with their response.

Rationale

I believe Bloomberg's chances of winning the nomination are way underestimated. I also believe he would beat Trump if he gets the nomination.

I will explain my rationale shortly.

Mike "Mish" Shedlock

Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

Leave a Reply

Your email address will not be published. Required fields are marked *