Roobet prediction markets work more like futures trading markets than fixed odds sports betting. With prediction markets, you can buy and sell event contracts for future outcomes, and the site essentially matches your trade with a counterpart.
For example, if the prediction market were “Will Jannik Sinner win the French Open?”, and you thought he would, you’d buy “Yes” contracts. For the trade to happen, someone else would need to buy an equal number of “No” contracts. The side of the trade that makes the correct prediction wins money, and the other loses.
As we started explaining above, the prediction market platform matches traders who want to buy and sell event contracts for the outcomes of future events like sports games and political elections. Most of the contracts come in a binary Yes/No format, though multiple-choice and multiple-answer questions are also common.
In a similar fashion to sports wagering, you win more money than you’ve staked if your prediction is correct, and you lose your entire outlay if your prediction is wrong. However, rather than betting against the house using fixed odds, you’re given a real market probability, and your order needs to be matched with another trader to go through.
As explained in our main Roobet review, the event contracts for these predictions and other markets are priced between 0.01 and 0.99 of your local currency. Once the prediction market is resolved, the correct event contracts close at 1.00 with the opposite number closing at 0.00.
This gives you a profit if you own contracts for the correct prediction and a loss if you own those correlated with the incorrect. We’ll show you how it works by reusing the example from the intro
Here’s how the events contracts would look at Roobet for the market, “Will Jannik Sinner win the French Open?”:
| 🎾 Player | 📈 Chance | ✅ Yes | ❌ No |
|---|---|---|---|
| Jannik Sinner | 74% | 0.74 | 0.26 |
As you can see, the contract prices for the prediction markets reflect the real-time market chance of the outcome happening. In this case, Sinner has a 74% chance of winning the French Open, and therefore, “Yes” contracts would cost you 0.74 each.
If you were to buy “Yes” contracts at this price and Sinner won, you’d get 0.26 profit on each win. However, if he loses, you would lose 0.74 spent on each contract, which is why sports and crypto predictions at Roobet are considered to be very risky.
Before we finish, here is a summary of the pros and cons of trading on prediction markets at Roobet:
To sum up, Roobet’s prediction market platform allows you and other traders to buy and sell event contracts for a diverse range of future outcomes. Most prediction markets offer Yes/No contracts that are priced between 0.01 and 0.99 to reflect the real-time market probability.
If your contracts back the correct prediction outcome, their value closes at 1.0,0 and you make a profit. However, if you buy and hold contracts for an incorrect prediction, they close at 0.00, and you lose your entire outlay.
Prediction markets are very risky, so we recommend further research and careful consideration before you register and trade them at Roobet. You can check out our full reviews to help.
While you cannot “bet” on prediction markets, you can Roobet. The platform is powered by Polymarket and allows you to trade event contracts for future outcomes like sports matches and cultural awards, among other things.
You trade prediction markets by purchasing event contracts for the prediction that you think will happen at the conclusion of a particular event. For example, if you thought that Brazil would win the next World Cup, you would buy “Yes” contracts for the prediction market.
The prediction markets platform at Roobet is powered by Polymarket, which is a trusted source. Moreover, the fees are built into the event contract price, so there are no hidden charges or seller fees. Despite Roobet being a legit platform, prediction markets are still risky by nature, and you might lose money.
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