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Robinhood has launched live sportsbetting

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djefferis

djefferis

Joined
Jan 8, 2024
Messages
3,104
It’s contracts - assuming they will remain active throughout the events - but are live now.

All based on winner to receive $1.00 per contract (100 per transaction) and limit orders just like securities.

Looked at it a little earlier today - some good values on heavy ML faves - able to bid on something like St John’s in their first round matchup at 96 cents I think.

Some of the markets are chalkier than the books it felt like - especially women’s tourney.
 

djefferis

djefferis

Joined
Jan 8, 2024
Messages
3,104
Question is how much does this eat into the apps profit margins.

Obviously it will pull money from big time gamblers on the big events - no one’s betting small events/non major sports - but things like the WS/Super Bowl I can see this being a big market for them and a real selling point.

I actually bought 500 shares of HOOD when I posted about it here last week. Up nicely and I’m holding my position and taking a little risk off selling calls. It’s fluctuating along with all the tech names - but could see $50 by end of the month.
 

JDS

JDS

Joined
Dec 11, 2021
Messages
49,552
Amazing hes allowed to post at a forum where he ripped off the mods
From a commonsense standpoint doesn’t make sense at all. Imagine stealing from somebody and then having the audacity to show your face every day toward that person like it never happened.. I guess it’s easier to do that online since he can hide from his devices. That clown calls me a coward, but he’s the living and breathing embodiment of that word as a man.
 
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