Tradesports.com

[GasX]

Anyone use this site?

My friends have been doing this for a while and love it. You trade futures on pretty much anything and the value of your bets change in real time. For those of you who were watching the Monday Night Seattle / Dallas game, for example, the payoffs were fluctuating WILDLY in the fourth quarter.

For the uninitiated, the way it works is this:

1. You think A is going to happen (i.e. Cowboys will lose badly to New Orleans this weekend)
2. You buy contracts for A on the open market (or sell Cowboys win contracts...)
3. You watch their value as news develops through the week
4. PROFIT!

For example, If Deuce McCallister gets in a car accident 5 minutes after you purchase your contract, "A" will shoot up in value. If it comes out afterwards that Julius Jones was also in the car, "A's" value drops just as fast. Once the game starts, the value will rise and fall with the game.

A contract is worth $100 if it ends up in the money, so you can figuree the odds you are getting based on the price...

 

[GasX]

OK, I signed up and funded my account and have already made my first trade.

Sold 3 contracts for Steelers to Win over the Jets.

My descent into degenerate gamblings has begun...

 

[trilks]

Hmm, that sounds really interesting. Not that I need to be gambling with it...does this count as a real stock portfolio?

 

[Train]

thats pretty sweet. how far in advance can the contracts be? Like could I buy/sell superbowl futures at this point?

edit: err wait, guess the supoerbowl isnt that far off. How about NBA finals futures?

 

[GasX]

Originally posted by: Train
thats pretty sweet. how far in advance can the contracts be? Like could I buy/sell superbowl futures at this point?

edit: err wait, guess the supoerbowl isnt that far off. How about NBA finals futures?

Yes and Yes

Eagles to Win Bid 28.5 Ask 28.9
Patriots to Win Bid 25.4 Ask 26.0
Steelers to Win Bid 14.7 Ask 15.3
Colts to Win Bid 13.1 Ask 13.8

Spurs to Win Bid 25.0 Ask 25.5
Pistons to Win Bid 13.0 Ask 15.0
etc...


You can trade contracts on whether or not Blade III will make $25 mill this weekend and whether or not Ocean's 12 with make $50 million this weekend...


If you can think it up, there is a market for it...

2012 Olympic host city
Osama's capture date
Homeland Security's Color Level for New Year's Eve
et cetera....

 

[GasX]

This site is going to make me a degenerate gambler in no time... :Q

Watching the value of your bet fluctuate in real time as teams score is cool!

I just bought some Baltimore to cover (-9.5) over the giants at halftime. The price was expensive, but the Gints got nothing going on...

 

[OrganizedChaos]

<-also wants opinions on this place, i love the way its set up

 

[GasX]

Originally posted by: MwildingI just bought some Baltimore to cover (-9.5) over the giants at halftime. The price was expensive, but the Gints got nothing going on...

Easiest $2.40 I ever made.

Takes the edgeoff my Colts/Texans over bet...

 

[Liviathan]

I used this...its kind of boring. Its like a stock market on bets, but if you want to make some $$ you have to be trading during the game.