Roobet prediction markets allow you to buy and sell event contracts on future events like sports matches, political elections, and more. As with sports betting, you win money if you make a correct prediction, and lose money if you’re incorrect.
However, the similarities end there. Rather than wagering against the house, you are trading with other users, meaning that for every contract you buy, someone else must buy the opposite. In other words, if you buy “Yes” contracts, there must be a counterpart to buy “No” shares for the same prediction market.
The prediction markets section of the Roobet website is a trading platform where you can buy and sell event contracts for future outcomes. If you make correct predictions, you win money, and you lose money if you get it wrong. Sports prediction markets are the most popular, but you can also trade shares for politics, economics, and other types of events.
Here’s an example of a sports prediction market that we’ve pulled directly from the Roobet site at the time of writing. The market is the NBA Champion at a time when three teams are still in the running:
| 🏀 Team | 📈 Chance | ✅ Yes | ❌ No |
|---|---|---|---|
| OKC Thunder | 48% | 0.48 | 0.52 |
| NY Knicks | 26% | 0.26 | 0.74 |
| SA Spurs | 26% | 0.26 | 0.74 |
What you can see above is the chance percentage of each outcome coming to pass. The prices of the “Yes” and “No” contracts reflect the chance percentage accurately.
The shares are always priced between 0.01 and 0.99 of whatever local currency you are trading in. Once the market resolves as a “Yes” or a “No, the correct shares close at 1.00 and the incorrect ones at 0.00, which determines who makes a profit and a loss.
For example, if Thunder were to win the NBA Championship, the “OKC Thunder” market would resolve to “Yes” and the other two as ”No”. Owners of Thunder “Yes” contracts and Knicks or Spurs “No” contracts would win money, with the other three outcomes losing.
Here are the pros and cons of Roobet politics predictions and other markets:
We’ve used a sports prediction market as an example because sports are the most popular. However, there are several other types of future events and outcomes that you can trade event contracts for.
For example, with Roobet climate predictions, you can buy shares for markets related to the annual rainfall in Hong Kong, or the highest temperature today in London. Roobet crypto predictions allow you to trade on outcomes related to the price rises and falls of Bitcoin and other tokens. Additionally, you can predict whether or not a token will hit a certain price target by a certain date.
On top of all that, you have markets related to culture predictions, political elections, global events, economic outcomes, and much more. You can check out our full Roobet review here at SportsGambler to see exactly what’s available.
To round up what we’ve learned, the Roobet prediction markets platform allows you to buy and sell contracts for sports events and other future outcomes. If you make a correct prediction,s you can win money, but there's also a very high risk of losing if you are incorrect. You can learn more about these high-risk prediction markets here,e and you can even access the Roobet site directly via our on-page banners.
You can now buy and sell event contracts for various prediction markets at Roobets. They cover sports matches, award ceremonies, political elections, and everything in between.
Roobet is a trustworthy website for prediction markets, as the platform is powered by Polymarket, which is one of the biggest prediction market providers in the world. However, compared to these more complex platforms, the Roobet interface is much simpler and user-friendly. Especially for new traders, Roobet is considered a good option.
Firstly, you’re looking to need a fully funded Roobet account. Once your account is up and running, you can go to the “Predictions” tab, browse the market, and then buy the event contracts if you find equal trading counterparts.