They’re definitely making money off of all the interest of the $400 million till January 7. That’s why the commission fee was only 1 cent for each transaction and if you sell now even though Trump won, you’re selling it for $.98 not a full dollar which that can add up if you have thousands of contracts
Yeah, there was over $400 million. That was bet on both sides total so they’re definitely making a shit load of interest and they’re probably investing that making money off of us.
@michaelyoung2188 Commodities seems like a stretch, but it could be the start of Robinhood going into prediction markets. Like Manifold Markets but it real money instead of Monopoly money.
This was cool but my reluctance to making these trades comes from a lack of knowledge around the tax implications. If I made a bigger bet, what sort of things should I be cautious about when making this bet? Tax wise?
Same I closed and hit review and it said At the bottom Donald no I’m hoping it pays out Jan 6 since I won the initial bet but closed position early. Im worried now lol
At the moment of this video 43 cents per contract for Kamala, 57 cents per contract for Trump. Each contract pays $1 depending on who wins, but youll still owe for the contracts.
I want to say that the way I understood it is like this. whoever wins will take the other side's money and that is how they'll have liquidity to pay people out. For example if Donald Trump wins and say he had 65¢ per contract. Than the 36¢ that kamla had will go to donald trump contract or vise versa and that is how you get the $1.01 price.
@@1848432 so you are betting against both the Bible prophecy and the American university professor with a 40 year 100% accuracy. You have time to change your mind.
I found the answer to the meaning of the pricing that you asked about. If you select the info icon to the right of the "2024 presidential election" title it explains that the amount is equivalent to the % probability of that candidate winning.
You gotta have buying power link your chime card and deposit money I bought example 234 contracts for 52 cents each I think it was like 90 bucks if I close out my position I get 210 payout is on Jan 9th and 234 is my payout just playing with it
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Natalie Rose Strayer.
u pay more for the candidate that is ahead so your return is less . your reurn is always less when u bet on the favorite. but i dont understand the numbers under their names
that is the number of open contracts people are holding for the Yes. Rightfully so, it would be expected the lower priced to have more open contracts. If I have $50 to gamble I can either get 87 contracts for trump at .57 cents or 113 contracts for Harris at .44 cents.
This whole thing was kind of strange to me when I saw it on my RH app. I wonder if they will continue to do these with other events like say .... Superbowl??? I already cast my vote.
Great explanation. Robinhood makes money from the spread - in a perfect world the yes or no would add up to $1. But it adds up to $1.01 thus the 0.01 is the profit that Robinhood takes because the payout is $1 per contract. 2:39
@@geodude7116 hey if he loses he loses if he wins he wins I know one thing we will only have four more years of no dictatorship and then after Trump it's going to become very bad in this country they will start rounding up Christians after Trump gets out of office enjoy the last 4 years of freedom cuz you ain't going to have no more once Trump gets in that office for 4 years and he's out there is no more freedom
I love how honest Robinhood is becoming about being a gambling hall for internet degenerates.
1 bet = 1 contract. Robinhood gets 1 cent per contract. Thats how they’ll make money.
If you win, do wait till we get paid or do we close out the contracts and then get paid January 7 or do you just wait and keep all the contracts?
They’re definitely making money off of all the interest of the $400 million till January 7. That’s why the commission fee was only 1 cent for each transaction and if you sell now even though Trump won, you’re selling it for $.98 not a full dollar which that can add up if you have thousands of contracts
Robinhood holds the money till January and earns intrest on that
Yeah that plus the 1 cent per contract
Yeah, there was over $400 million. That was bet on both sides total so they’re definitely making a shit load of interest and they’re probably investing that making money off of us.
This may be the start of RH starting to actually trade commodities. Next year, you may be able to buy gold, silver, wheat, sugar, hogs, etc.
@@michaelyoung2188 I'm in ny and it showed up in my app
Google Robinhood futures. It's close.
@michaelyoung2188 Commodities seems like a stretch, but it could be the start of Robinhood going into prediction markets. Like Manifold Markets but it real money instead of Monopoly money.
Hogs lol
This was cool but my reluctance to making these trades comes from a lack of knowledge around the tax implications. If I made a bigger bet, what sort of things should I be cautious about when making this bet? Tax wise?
I closed my position on trump when or will I still get paid?
I did the same but I’m worried cause when I swiped to review it said Donald no at bottom of screen I’m worried I lost it now?
1 I hope I didn’t lose out on the money 2 I hope it pays out soon …. Show I got money but 0 buying power
@ same it should I mean we bought for trump to win and so far he’s won. Just that last picture it did when closing worried me lmao
So do we have to close our options? Or do we let them expire?
That’s my question 🤔
Same
Me too
Someone take the hit and let us know😂
Same I closed and hit review and it said At the bottom Donald no I’m hoping it pays out Jan 6 since I won the initial bet but closed position early. Im worried now lol
What happens if i close my position before the election ?
@@differentime3744 actually nun but u won’t get ur money back right away it’ll take hella time to process
@@THE_MANGA_KINGwhy would it take so long?
At the moment of this video 43 cents per contract for Kamala, 57 cents per contract for Trump. Each contract pays $1 depending on who wins, but youll still owe for the contracts.
I want to say that the way I understood it is like this. whoever wins will take the other side's money and that is how they'll have liquidity to pay people out. For example if Donald Trump wins and say he had 65¢ per contract. Than the 36¢ that kamla had will go to donald trump contract or vise versa and that is how you get the $1.01 price.
This is correct.
Got 100k on trump let’s go because I’m buying a nice Tesla when he wins 😎
Bookmarking this to see a grown man cry about the election being stolen 😂
@@1848432 so you are betting against both the Bible prophecy and the American university professor with a 40 year 100% accuracy. You have time to change your mind.
@ he’s winning 🏅
@@jimbob9086 he won brother and I Just bought my new tesla.
@@jimbob9086 he's crying of joy.
It means if you spent 58 cents to bet on Trump and your complete payout is 1 dollar if he wins. So your net profit is 42 cents!
I found the answer to the meaning of the pricing that you asked about. If you select the info icon to the right of the "2024 presidential election" title it explains that the amount is equivalent to the % probability of that candidate winning.
Ahhh thank you!
It was 600 for 1500 payout when it started 🎉 I didn’t see a limit
@@JohnnyGutierrez-um6nt did you close out yet ?
I got 10,000 on Don!
@@JohnHart-y1o wow!🚀🚀🚀
So we just hold until Jan and then we'll see if lose or win? I bought Yes for Trump
Super informative, thank you! I was super hesitant on the process but I'm a little more confident in how it works after watching this
You gotta have buying power link your chime card and deposit money I bought example 234 contracts for 52 cents each I think it was like 90 bucks if I close out my position I get 210 payout is on Jan 9th and 234 is my payout just playing with it
@ you bought late you had to buy when it first started now trump contracts were 94 c and Harris 6 cents
I put 50,000 on Trump. 😅
No sweat best choice of ya life
Good chances on doubling your money 😅
I got $5,000 on trump myself
@@Constitution1789 prove it.
I did waay more than that on trump in 2020
Can we but on other things elections related on Robinhood?
@@Native722 we need sports on it next
At this moment its 3¢ for Kamala
I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Natalie Rose Strayer.
I'm surprised that you just mentioned and recommended Natalie Strayer, I met her at a conference in 2018 and we have been working together ever since.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills
You trade with Natalie Strayer too? Wow that woman has been a blessing to me and my family
I'm new at this, please how can I reach her?
I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much.
u pay more for the candidate that is ahead so your return is less . your reurn is always less when u bet on the favorite. but i dont understand the numbers under their names
that is the number of open contracts people are holding for the Yes. Rightfully so, it would be expected the lower priced to have more open contracts. If I have $50 to gamble I can either get 87 contracts for trump at .57 cents or 113 contracts for Harris at .44 cents.
Wasn't on my app
This whole thing was kind of strange to me when I saw it on my RH app. I wonder if they will continue to do these with other events like say .... Superbowl??? I already cast my vote.
I’m going to do the emotional hedge and bet on Kamala
Same I'm just betting in hopes that more trumpers will bet on him
Same
Wait, that means you actually want Kamala?
@@MrThe1234guy no, I’m perfectly happy losing money if it means Trump wins , otherwise I at least get some money
Great explanation. Robinhood makes money from the spread - in a perfect world the yes or no would add up to $1. But it adds up to $1.01 thus the 0.01 is the profit that Robinhood takes because the payout is $1 per contract. 2:39
Thus they make essentially 1%
@Heyitspat Closer to 2% because the contracts cost 50 cents on average, not a dollar.
My robinhood doesn’t have it for some reason
You may need to enable options trading. (and it's only on the app not the web browser)
@ryanpena3342 thanks for your reply! I'm on the app, I enabled options and still don't see it for some odd reason.
Nvm I just needed to update the app to see it
i updated mine but it says i’m not eligible to buy ? this happened to you too or
@@exiflycarz no it probably depends on what you fill out when they ask all the questions like how experienced you are and income etc
So it’s pretty much double your money
Only if you predict who wins correctly
Not everyone allow to bet for presidential in robbin hood app
Vote
I hope you lose $0.43 lol. JK but thanks for the video. 😊
But can you make money out it how much just wondering if it’s worth it
It's 58cents or 48cents to win a dollar. Depending on who you buy contracts on. Either way if you win it's a good return.
Wow waste of .50 for Kamala… red LFG $800 in
I am not getting verified
So if you close position when the price is higher u get more money?
No
13c-90c now
Im hoping she will. I got $1k on the line. Lol🎉😂💪🏾💪🏾💪🏾🕺🏾🕺🏾🕺🏾
Didn’t end well did it? 😮💨🤣🤣
Basically gambling. Lol
Is this available in NY state? I couldn't find it in the app.
@@daleybrennan9867 yeah it is, just put $800 on red
update the app
@@aocking666 Turns out you have to be a US citizen.
I betted 1k on Trump wish me luck . Bought for 54 cent
@@RobertUrsery best of luck to you sir
whats the payout
@ $2,000
@@RobertUrsery no your profit is around 400
Sorry bro he won't win.
Trump 2024!!
I bought 100 contracts on Harris at 42 cents.
So then you get $1 per contract if she wins minus the 1 cent closing cost and 1 cent commission if you don't opt before Nov 5?
You will lose
Why does it say I’m not eligible to buy?
No clue my man
same here, u figured it out yet ?
Enable options trading
Us citizen
I'm not a us citizen and betted yes for Trump and he won. So will i be able to make money?
I bet on Trump 2024 hopefully I don't lose lol I bought 5,000 contracts lol
I hope you don't lose for our children and our next 4 years.
He will lose. All reliable indicators point that direction.
@@geodude7116 hey if he loses he loses if he wins he wins I know one thing we will only have four more years of no dictatorship and then after Trump it's going to become very bad in this country they will start rounding up Christians after Trump gets out of office enjoy the last 4 years of freedom cuz you ain't going to have no more once Trump gets in that office for 4 years and he's out there is no more freedom
@@geodude7116 just like 2016 and 2020 when they overestimated Hillary and Joe's margins by massive amounts?
@@ppabon8854 how are you going to use 2020 as an example when Trump literally lost that election?