I play poker on World Poker Exchange which is the same as the sportsbook, World Sports Exchange. They have something that is call long term markets where you can buy and sell a team. I don't really understand all the ins and outs of this. Can you sell before you buy? Is it good to buy and then once a team does descently and stock rises to sell? Any information would be greatly appreciated!
ok let's just say you want to buy the Miami Heat to win the NBA Championship and let's say that you get 10-1 odds but, just as they are reaching the end of the season Shaq get injured you can sell that team back to WSEX but, there has to be a buyer for that team correct me if i am wrong but, I think i hitit on the head
Selling a Team
Effectivelly. when u are 'Selling' a team, You are saying they WON'T Win
the Event or Futures in Question...So, for example you are Selling
the Yankees -I'm not Predicting here - to win The Pennant and they
are +354 to win the Pennant , You would be Selling them or Betting
No at about -400..predictably Wsex has a built in profit..
one of my books has a current arbitrage on the Divisions if you
are wagering in this manner..contact me privately through email here
and I will provide it to you for goodwill...wsex is one end of the
'arb' = Bonus Bet.....
Effectivelly. when u are 'Selling' a team, You are saying they WON'T Win
the Event or Futures in Question...So, for example you are Selling
the Yankees -I'm not Predicting here - to win The Pennant and they
are +354 to win the Pennant , You would be Selling them or Betting
No at about -400..predictably Wsex has a built in profit..
one of my books has a current arbitrage on the Divisions if you
are wagering in this manner..contact me privately through email here
and I will provide it to you for goodwill...wsex is one end of the
'arb' = Bonus Bet.....
It is like buying and selling a stock or future contract. There is usually a small spread (ex. Buy 4, Sell 2). That means you can buy them at 4 and sell them at 2 currently. For most markets there is one winner and each winning contract is automatically worth 100 when the event ends.
There are fluctuations throughout the competition and you can in fact sell before it is over. I use WSEX futures for American Idol and if you know what you are doing or are lucky it can be a gold mine.
Here's an example:
You like the San Fran 49ers to win the Super Bowl.
Currently each contract will cost you $3. If you sold right away, you can sell at $2. Thus losing $1 on each contract.
If you hold until the end, each contract will be worth either 0 (if the Niners don't win the Super Bowl) or $100 (if the Niners do win the Super Bowl).
Let's say the Niners start the year 7-1. Likely at that point each contract will be worth significantly more than you started out at. In our example, after Week 8, SF is buy 18 sell 15.
At this point you say it is time to cash in. You can sell what contracts you have at that point for 15.
Each contract you bought at $3 will net you $12, (sell price of $15 minus buy price of $3).
Short selling I will not getting into right now, but if you bet against someone you must put up $100 (the price of a winning contract) and will win whatever the current price is.
There are fluctuations throughout the competition and you can in fact sell before it is over. I use WSEX futures for American Idol and if you know what you are doing or are lucky it can be a gold mine.
Here's an example:
You like the San Fran 49ers to win the Super Bowl.
Currently each contract will cost you $3. If you sold right away, you can sell at $2. Thus losing $1 on each contract.
If you hold until the end, each contract will be worth either 0 (if the Niners don't win the Super Bowl) or $100 (if the Niners do win the Super Bowl).
Let's say the Niners start the year 7-1. Likely at that point each contract will be worth significantly more than you started out at. In our example, after Week 8, SF is buy 18 sell 15.
At this point you say it is time to cash in. You can sell what contracts you have at that point for 15.
Each contract you bought at $3 will net you $12, (sell price of $15 minus buy price of $3).
Short selling I will not getting into right now, but if you bet against someone you must put up $100 (the price of a winning contract) and will win whatever the current price is.
