predictit.com

How does it work, exactly?

You bet on politics.
Last election, for instance, Hillary was trading at .80 a share and Trump at .20 a share. So you would pay 20 cents for each share of Trump. When the election is final, if Trump won, you would get $1 per share. If Hillary won, you would get 0 for Trump and the $1 per share of Hillary.

As the night goes forward, you watched it flip from 80 hillary 20 Trump and by 11pm it was like .90 Trump and .10 hillary.

The profit is in either volume at a solid best(.90 shares, but you only make .10 per share, or buying low odds and hoping to double or triple or more your money)
 
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