Getbig.com: American Bodybuilding, Fitness and Figure
Getbig Main Boards => Gossip & Opinions => Topic started by: MattT on December 15, 2009, 11:56:59 AM
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Your thoughts? its apart of the website http://www.physiquebook.com at http://www.physiquebook.com/sports-intrade.html its based off the website www.intrade.com
Finally instead of just talking your mouth off on getbig on who you think is going to win the Mr Olympia, ASC, Ironman etc, you can put some money on it.
an example trade:
We've created an exchange for you to trade (speculate on) bodybuilding, sports, and fitness events - these are our trading categories.
Within each category we list a set of contracts, a contract is an event that will have an unambiguous result.
For example, a bodybuilding contract would be: "Will Jay Cutler win the 2010 Mr Olympia Contest" or "Will Dexter Jackson win the 2010 Mr Olympia Contest". Each one is an event with an unambiguous result, either Jay Cutler will win or he won't.
You are trading (speculating on) what you think the outcome of that event will be.
Let's use one of our sport contracts as an example - Will the Yankes win the 2010 World Series. There are only two possible outcomes for this contract - Yes, they will win or No, they will not win.
When the game is over and results are official, if the Yankes win that contract will close at 100. If on the other hand they lose, the contract - Will the Yankes win the 2010 World Series - will close at 0.
However, until the World Series is over that contract will fluctuate in value between 0 and 100 just like a stock, reacting to the news of the day and buying & selling by you the trader.
it explains more in the site, this will be good!