SUMMARY: Is there a simple and quick way to use intrade.com for a
guaranteed profit?
DETAIL: Intrade is a site that allows users to buy contracts priced
between 0 and 100 to predict a certain event. When the event concludes
the contracts either expire at 100 for a successful event or 0 if the
event does not happen. The contracts can be traded at any time for any
price between 0 and 100. These events can be anything from where
hurricane Rita is going make landfall to if the DOW is going to close
higher today than it did yesterday. Any contract can be bought or sold
(shorted, in stock market speak) so you can bet against any one event
happening as well as betting that it will happen.
In the financial contracts - the daily DOW close for example - there
are many varieties of contracts. Will the DOW close higher, will the
DOW close up 25 points or higher, will the DOW close up 50 points or
higher, etc.
You can also trade with various time restrictions. For example, a bid
can be good for an entire trading session or filled immediately.
I believe that a system can be devised that uses the variety of
contracts and price disparities in those contracts to guarantee a
profit for little or no risk and with minimal effort and monitoring.
Think someone who has a day job and would be doing this on the side at
work. This profit must be had on top of the fees that Intrade deducts
for transactions on their sites.
For full details on fees and trading rules, go to intrade.com. |