
Roobet prediction markets are now live, meaning that you can trade event contracts on a range of future outcomes. They cover everything, from sports predictions to climate, and more, all on the same platform as other Roobet products.
These prediction markets allow you to buy and sell event contracts for future outcomes. If you think that an event will happen, you would buy “Yes” contracts, and “No” contracts if you think it won’t. The contracts are priced to reflect the chance percentage of the outcome, meaning that they are a true and fair reflection of market opinion.
As covered in our Roobet review, this site now offers prediction markets to its users. On these markets, you can buy and sell event contracts for future outcomes related to sports, politics, and just about everything that you can think of.
Prediction markets differ from sports betting in that you need an equal number of traders for the trade to take place. As a result, the house doesn’t juice the odds, which means that the even contract percentages show the real odds based on market opinion.
Trading prediction markets is fun, but risky. To summarize, here are the pros and cons:
To show you how these prediction markets work, here’s a sports example for a Spurs vs Thunder NBA game:
| 🏀 Team event contracts | 💯 Chance |
|---|---|
| Spurs: | 38% |
| Thunder: | 62% |
As Spurs have a 38% chance, each event contract would be priced at 0.38 of your local currency. If Spurs win, the contract would close at 1.00, giving you a 0.62 profit per contract. On the other hand, if they lost, you would lose 0.38 per contract.
Besides sports, there are numerous other types of prediction markets that you can trade on this platform:
This category covers a wide range of economy-related events, including the largest company by the end of the month and how high inflation will get in a country by the end of the year. Unlike sports games, these prediction markets often have multiple event contracts to choose from, as there are more than two possible outcomes.
The politics prediction markets cover events all over the world, including political elections, wartime peace deals, and even Elon Musk's Tweeting activity. Often, there are crossovers between politics and economic prediction markets. For example, prediction markets about Federal Reserve decisions appear in both categories.
Not to be confused with actual cryptocurrency trading, these prediction markets allow you to trade event contracts that are mostly tied to the price movements of a token within a certain time frame. Different time frames are available, as you could predict the price of ETH by the end of the day, the end of the month, or the end of the year.
If you fancy something completely different, you can buy and sell event contracts for climate predictions. These markets include things like the highest temperature in a city on a certain day or the precipitation in Hong Kong in a specific month.
To conclude, these prediction markets allow you to buy and sell event contracts on future outcomes. These cover a whole manner of things, including slots, finances, climate, politics, culture, and more.
The probabilities presented for each event contract are a fair real-time reflection and market opinion. As you are trading with other users and not against the house, the probabilities and event contract prices aren’t juiced to protect profits. Instead, Roobet charges trading fees.
Yes, Roobet now offers prediction markets to its users. You can buy and sell event contracts for a range of future outcomes, including sports, culture, economics, and more.
Roobet is considered a decent option for prediction markets thanks to its fair pricing structure and user-friendly interface. Moreover, the prediction markets are powered by Polymarket, which is one of the leading prediction market platform providers.
To participate in a prediction market at Roobet, you must buy an event contract for a future outcome that you believe will happen. For example, if you believed that France was going to win the next FIFA World Cup, you’d buy “Yes” contracts for that market. On the contrary, you’d buy “No” contracts if you thought they wouldn’t win.