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'Bone-Chilling': Gamblers ‘Vowing to Kill’ Journalist Unless He Changes Iran War Report to Help Them Win Polymarket Bet (www.commondreams.org)

submitted 2 days ago by return2ozma@lemmy.world to c/nottheonion@lemmy.world

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[–] ayyy@sh.itjust.works 1 points 1 day ago (1 children)

The two sides don’t have to be balanced. That’s what “betting odds” are. If there are 3 “yes” bets and 1 “no” bet then there are 3:1 odds. If the “no” wins they will get much more money because they don’t have to split it with anyone.

[–] Modern_medicine_isnt@lemmy.world 0 points 22 hours ago (1 children)

Sure, but do the odds change constantly with each person buying in? And if so, does that mean somone who bought in at 10 to 1, could end up getting 2 to 1 by the time it pays out?

[–] ayyy@sh.itjust.works 2 points 10 hours ago

I think that’s how it works but I understand how math works so I’ve never actually made a bet in my life.