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4/22/2019 5:32:20 PM
Posted: 11/2/2004 10:25:15 AM EDT
... Explain what these numbers mean please

Link Posted: 11/2/2004 1:09:27 PM EDT
... btt
Link Posted: 11/2/2004 1:21:11 PM EDT
Say you want to bet on the presidential election. You buy a future that has two results, a Kerry win and a Bush win. Once you have that, you sell the half you don't want on the market they have set up--say, you sell the Kerry win for 45 cents, and keep the Bush win result for yourself.

After the election, tradesports pays a dollar to the people that hold the winning half. If Bush wins and you have that half of the future, you get a dollar. The Kerry futures holders get zero. So you wind up with 0.45 + 1.00 = 1.45.
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