Episode Details

You wouldn't accept a raw deal at a casino counter, yet millions of bettors pay a hidden "tax" every Sunday in sportsbook apps. In this premiere episode of Prediction Markets 101, David Price and Alex Mercer pull back the curtain on the "vig" and introduce a more efficient way to play: the prediction market.

Learn why price equals probability and how platforms like Kalshi and Polymarket are turning gamblers into traders. We move beyond the jargon of minus-one-ten and plus-one-forty to show you how a simple 60-cent share can represent a 60% chance of an outcome, allowing you to manage positions and exit trades before the final whistle.

• The fundamental difference between a sportsbook and a marketplace.
• Why "Price is Probability" is the most important concept in trading.
• The math of the Vigorish: How sportsbooks hide their fees.
• Understanding the share-based model: Buying at $0.60 to settle at $1.00.
• The Wisdom of Crowds: Why markets are often smarter than pundits.

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"Nowhere Land"
Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 4.0
http://creativecommons.org/licenses/by/4.0/