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Polymarket: Difference between revisions
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== Trading / betting == | == Trading / betting == | ||
=== Depositing === | |||
The default deposit method costs ~13 basis points or 0.13%. You can avoid this fee by: | The default deposit method costs ~13 basis points or 0.13%. You can avoid this fee by: | ||
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Always test with small amounts when trying a new method first. | Always test with small amounts when trying a new method first. | ||
=== Trading strategies === | |||
* have ways of knowing orthogonal to the market and bet when multiple of those point in the same direction | |||
* nothing ever happens | |||
* thoroughly research things, don't bet on impulse, multiple rounds of analysis are good | |||
* place limit orders to get good prices | |||
* oracle risk (misresolution risk) | |||
* avoid sports, crypto, mentions, earnings, and stocks. these markets are either random or too efficient due to people poring over spreadsheets already | |||
* read and understand the market rules in detail | |||
* if you think a probability is approximately correct, place yes and no orders on both sides and then merge them together into USDC later | |||
For beginners, making money is more about avoiding dumb bets and bet sizing than betting smart. | |||
== Hedging / insuring == | == Hedging / insuring == | ||