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paulx.eth
@paulx
An overlooked aspect of prediction markets taking off is “language” around betting. Polymarket maps probability into % chance of occurence, which maps nicely into Cents Let’s take Ethereum ETF approval https://polymarket.com/event/ethereum-etf-approved-by-may-31?tid=1707100824269
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paulx.eth
@paulx
40% chance happening = you pay $1 to earn 40 cents 60% chance not happening = you pay $1 to earn 60 cents translate into “odds” / money-line talk. ETH ETF Happening + $0.40 ETH ETF Not Happening + $0.60
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paulx.eth
@paulx
Things get more complex when you realize there are three primary types of sports betting odds: the British (fractional), European (decimal) and American (money line) https://www.investopedia.com/articles/investing/042115/betting-basics-fractional-decimal-american-moneyline-odds.asp but crypto is Global!
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