Tradesports contract down 18 points

luckyluckyjoe · #1 10-04-2006, 09:38 PM

I don't know what is up but the last trade was 75.

Anders · #2 10-04-2006, 09:45 PM

What is this about? This thread contains nearly 0 information. [img]/images/graemlins/confused.gif[/img]

iron81 · #3 10-04-2006, 09:49 PM

Link

I'm not that familiar with Tradesports, but I think what this means is that 75% is equivalent to a 3-1 bet that there will not be an IG ban signed into law and you can either offer or take that bet. I dunno what exactly is going on or what the rules are, but it sounds like anyone taking that bet is a fish.

Claunchy · #4 10-04-2006, 09:53 PM

I suck at explaining stuff, but basically that trade value is the "likelihood" the bill will become law by January 31. So like, if you buy a contract at 20, and the bill passes, you cash in at 100, so you quintuple your money.

Lately the contracts have been going for around 90/95, which was strange enough considering the passing of this bill is pretty much imminent, but its dropping to 75 is pretty weird IMO.

tclckc · #5 10-04-2006, 09:55 PM

could be about anything, including a missclick

Jussurreal · #6 10-04-2006, 10:04 PM

If the information above is true then I would take out a home equity loan on my house and bet every dime. THE BILL WILL BE SIGNED, THAT IS A FACT. Can you really bet on this?

daedalus · #7 10-04-2006, 10:14 PM

WTF is up with this contract?! Mr. K will be buying these up big time. Who is buying at anything less than 95?

scaryjerry · #8 10-04-2006, 10:15 PM

the president has 10 days to sign it or it becomes a pocket veto not likely that he wont sign it, but possible

luckyluckyjoe · #9 10-04-2006, 10:15 PM

Yes you can. If you think it is a sure thing take out that loan.

Claunchy · #10 10-04-2006, 10:16 PM

[ QUOTE ]
the president has 10 days to sign it or it becomes a pocket veto

[/ QUOTE ]
This is untrue.