234: Domer – The Information Edge: Winning in Prediction Markets
Chat With Traders
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How Do You Determine What's a Good Price?
I would say it depends heavily on the type of market, and then it also depends on, you know, how finite of a grasp you can get on it. So, for instance, if it's something that's a bit unknowable, i may have my odds at 30 cents, but there's some 20 cent leeway in there. In other words, it's worth anywhere from ten cents to 50 cents. I think maybe 30 cents is a mid point. Whereas if it'ssomething that i'm very familiar with and that repeats quite often, like, let's say, an election, i would probably have a much firmer grasp on the price point.
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