I'm curious how much I will win with my presidential election bet. Can someone help me figure out the estimated winnings?
When I placed my bet it showed the following:
TIME WEIGHT MULTIPLIER 30.0x
Outcome odds 4.5
Betting amount 0.01
Thank you!
The time weight multiplier is a little bit misleading your 30.0 X means that you will receive 1.3 times what you wagered (
BTC 0.01 X 1.3 =
BTC 0.013) with the outcome of 4.5 giving an end result of
BTC 0.0585.
Having said that however, the outcome odds will fluctuate until betting is closed - if you're quoting the after closing odds
(and you bet on Joe Biden) then you should pick up
BTC 0.0585 in the near future.
Congratulations.
I was quoting the odds when I placed the bet. I'm not familiar with time weighted bets, more with bookies offering fixed odds.
The closing odds were 1.99 for Joe Biden. So my winnings are roughly 0.01*1.3*1.99= 0.02587. I expected something like 0.023 still not bad. Thanks.