🚨JUST IN: Over 800 million people in total are expected to be watching Champions League football tonight.
That's 100 million more viewers than the last 6 Super Bowls... combined
Every trader should understand these basic concepts because that’s what profitable strategies are built on.
In my next thread we’ll move to more complex ideas 💡 that’ll help you trade better in prediction markets.
Don’t forget to follow @OddsFantasy to stay updated!
Traders are talking about how they built a trading bot on polymarket or how they made thousands of dollars.
Now, most sports traders will agree that consistently making money on polymarket requires skill and a strategy.
Yes, even “copy trading”.
It’s important that before you blindly follow strategies, you understand the fundamental principles of how prediction markets work.
So let’s start from the basics!
Thread 👇
Recall that for an outcome its probability exists and its unique.
So why do the odds change? 🤔
Well different traders have different opinions about the probability of an outcome. They might be wrong, they might be right.
Prediction markets let each trader stake on their opinion. What changes are the market odds not the true odds.
Some might argue that the market is efficient so it should always reflect the true odds, but here’s the interesting part it’s not. At least not always.
Traders make it efficient and prediction markets only pay accurate traders. It’s not a hustle it’s a trade.
You give the market information, the market pays you.
This is the fundamental principle of every trading strategy.
INFORMATION
Thread 👇