[ilJuve]

Does any one here use this predictions site, I understand it's Irish based. Is it basically like a Matchbook but for political props etc?

[bigboydan]

Weren't they part of the Tradesports family of books that closed up shop fairly recently? I can't remember off the top of my head if they parted ways before or after though.

[ilJuve]

I think your correct. I'm wondering if any one finds their stock-like model for essentially taking bets on futures somewhat of a rip off compared to conventional odds.

For example:
Rod Blagojevich to depart as Gov. of Illinois on/before 31 Dec 2008


Last Price: 10.2

What does this mean?

10.2 means the market predicts there is a 10.2%
chance that this event happens.

If you think it is more likely than this you should If you think it is less likely you should

All markets trade between 0 ($0.0) and 100 ($10).

10.2 = $1.02