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Polymarket: Difference between revisions
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(Created page with "Polymarket can be used to make money and to hedge against possible risks. == Trading / betting == The default deposit method costs ~13 basis points or 0.13%. You can avoid this fee by: * Deposit with card: For beginners, this offers the smoothest experience. You don't even need a crypto wallet to do it. * Getting USDC on the Polygon PoS chain yourself and using the "deposit crypto" option. ~10 basis points plus possible bridge fee * Getting USDC on the Polygon PoS cha...") |
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== Hedging / insuring == | == Hedging / insuring == | ||
Polymarket tends to have a bias towards things happening, so it tends to offer poor (but still sometimes useful) prices for insurance.<ref>https://news.polymarket.com/p/286-to-1m-from-reversing-stupidity</ref> However, it can offer a potentially useful venue to create [https://www.simplify.us/simplify101/what-is-convexity convex portfolios]. | Polymarket tends to have a bias towards things happening, so it tends to offer poor (but still sometimes useful) prices for insurance.<ref name=":0">https://news.polymarket.com/p/286-to-1m-from-reversing-stupidity</ref> However, it can offer a potentially useful venue to create [https://www.simplify.us/simplify101/what-is-convexity convex portfolios]. | ||
== Trading strategies == | |||
* Avoid markets with ambiguity or misresolution risk. Markets linked to an organization taking action in response to the event may resolve based on when the organization announces it, not when the event happens.<ref name=":0" /><ref>https://polymarket.com/event/when-will-the-government-shutdown-end-545?tid=1762799039950</ref> | |||
* For large orders in markets with decent volume, place limit orders at or near the current price and wait for fills to trickle in if you don't expect the price to move quickly on its own | |||