TradeSports markets closing with website
I expected a mess with these markets closing prematurely but so far so good...Here is one question J7 took:
Justin:
GB has the following games left:
@NO
CAR
HOU
@JAX
@CHI
Det
Here's the odds I give them of winning each, just off the hip:
.49
.55
.70
.48
.4
.92
GB is expected to win another 3.2 games.... I'm surprised they paid you anything - if I were settling it, I'd say GB is more likely than not to go UNDER 8.5 wins. Their settlement corresponds to a 56% of GB covering. I'd make it closer to 44%, so I can't say they treated you unfairly.
Justin
Tradesports (TradebetX) has closed. They graded the wagers based on their subjective evaluation of their current market value on November 21st. I placed a wager on the Green Bay Packers total regular season wins at "Over" 8.5 ("To Win" approximately $440) . They graded the wager as a win, giving me approximately 10% ($51.00) of the "To Win" amount.
This is not a fair grading of the wager. They currently have 5 wins. For the six remaining games on their schedule they will be strong favorites in 3 or 4 of those games and small underdogs in the remaining games. I should receive no less than 75% ($330) of the "To Win" amount.
Respectfully,
This is not a fair grading of the wager. They currently have 5 wins. For the six remaining games on their schedule they will be strong favorites in 3 or 4 of those games and small underdogs in the remaining games. I should receive no less than 75% ($330) of the "To Win" amount.
Respectfully,
GB has the following games left:
@NO
CAR
HOU
@JAX
@CHI
Det
Here's the odds I give them of winning each, just off the hip:
.49
.55
.70
.48
.4
.92
GB is expected to win another 3.2 games.... I'm surprised they paid you anything - if I were settling it, I'd say GB is more likely than not to go UNDER 8.5 wins. Their settlement corresponds to a 56% of GB covering. I'd make it closer to 44%, so I can't say they treated you unfairly.
Justin