>political junkie >betting on american primary elections

How do you bet on the election?

Where could you bet on primaries?

>>1296565
Im australian so i use sportsbet, but if your american, use predictit. Predictit is basically trading shares that are redeemed for a dollar or nothing depending on the outcome. So you can make money solely on the swings even if you sell before the election occurs.

Sadly i cant use predictit cos im strayan :(

>>1296570

Curious about predictit - take the Hillary and Trump nominee bets, what happens when they become the nominee? Does it go up to 100 cents? Why wouldn't people just buy a bunch of those for free money?

>>1296597
The prices are determined by the demand, so if its not 100 cents, it means people are still buying NO shares.

For the democrats, its because they think there's a chance she could get indicted or something, especially if there only paying 5 cents for a huge payout if that occurs.

For the republicans, people are betting on GOP shenanigans at the convention ousting trump.

Remember, the conventions are a month away, they aren't the official nominee.

Yes, its free money if it happens, but your paying 95 cents for a dollar return in a months time, assuming no dirty tricks happen. Some of the price simply reflects how far away the payout is.

Also, theres a lot of stupid people trading.

>>1296597
>what happens when they become the nominee?
Oh, on the convention day, when they become the official nominee, the YES shares for trump and hillary will pay out a dollar to anyone holding them. And the NO shares for bernie and cruz etc will pay out a dollar to anyone holding them. And the market closes.

>>1296561
how much money did you make?

10k?