Innerworld@lemmy.world to Data is Beautiful@lemmy.worldEnglish · 1 month ago

Net winnings and total number of trades of 97% of all Polymarket users

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cross-posted to:
business@lemmy.world

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Net winnings and total number of trades of 97% of all Polymarket users

Innerworld@lemmy.world to Data is Beautiful@lemmy.worldEnglish · 1 month ago

5

cross-posted to:
business@lemmy.world

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1 month ago
The bank always wins.

You don’t get more of your bet if more people lose. You get a ratio of the amount that you bet. For exemple, twice the bet.

These ratio are set so that the betting platform wins a little on the average.

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