Originally Posted by Dan Druff View Post
A little tip:

Often if you're only taking one position in a race (say, Buttigieg for New Hampshire), you should buy all NO for everyone you don't want, rather than YES for the one you do. It's the exact same bet, but you get better value on the NO.

To figure this out, take the profit you would make buying one share of each NO (which would be all of them if your guy wins), and compare it to the profit you would make buying a single share of YES.

Predictit doesn't charge you full price when you made redundant bets, because only one person can win each race. So if you were to buy NO one everyone but Buttigieg, you would "win" all of them except one in the worst case. Therefore, PredictIt calculates that, and the cost or owning a bunch of NOs ends up very similar to buying one share of YES.
So say there are 6 in a race. A-F. So I buy 100 each of A-E as no's at .85.

You're saying I don't need 100 x .85 x 5 in capital to purchase all these positions?