Trade the World Cup: $200K in Play, No House Cut

[00:02] know that's not the same as putting money on a match. Stick with me because is going to feel kind of broken. Quick and up front, this video is a paid sponsorship with Pred and nothing in it is financial advice. It's me showing you

[00:16] let's get into it. Here's the thing about how most of us follow football read. You think a team's underpriced, you back it, and you're playing against the house. And the house isn't neutral. It sets the line, makes a margin into

[00:31] everything, call it 6 to 15%, and that margin is the cut it takes no matter what happens on the pitch. And it gets worse the better you get. The big secret nobody advertises, if you win too often, you get limited. Then, you get cut off.

[00:44] The house is quietly rooting for you to lose because it is built to protect itself. And the moment that matters the most, a goal goes in, for example, the market freezes. You can't act on the thing you just watched happen. So,

[00:57] you've got margin against you, a ceiling on winning, and a freeze right when it counts. That's the old way. Now, here's what's different. This is Pred. It's a sports trading platform, an exchange, and that word matters. It's not a book,

[01:10] taking a cut. The prices come from people trading against each other, supply and demand, like any market. There's no house to protect, so there's no reason to ever ban a winner. This is a real World Cup market right now. This

[01:22] is the order book. Every price someone's willing to trade at out in the open. I take a position the same way I trade any other asset, like Bitcoin, for example. Pick a side, see the price, and then I'm in. So, this is a real World Cup market

[01:36] right now. You can see Switzerland, Canada, and here we can see the three outcomes, Switzerland, Canada, and draw. And you can see the price the outcomes say Switzerland was going to be the winner, we would win $250, as you can

[01:50] see right here, because the average price currently is 40 cents. And if the outcome is true, it would be obviously $1. So, that is how the market works. These markets are created based on what people think is going to happen. I mean,

[02:04] this is as fair as it gets. So, here we have a clear example. You have Bosnia versus Qatar, and you can see how most people think that Bosnia is going to be people think that Bosnia is going to be the winner because the price is 71 cents

[02:17] for the outcome of Bosnia being a winner, and that would obviously give you much smaller profit than if Qatar was going to win. The draw, by the way, see that line, this purple line is the draw. You can also see the volume in

[02:30] this match. You can also scroll and see the total options you even have for total goals, for the spreads, first goal, both teams to score. Execution is under 200 milliseconds, spreads under 2%, and

[02:43] 200 milliseconds, spreads under 2%, and no house edge baked in. It settles on chain with USDC. Your funds stay on your own wallet. It's decentralized. The and the market resolves in minutes. So, why does it matter right now? Well, the

[02:58] World Cup. It's the biggest event in sports, and it's the deepest, most liquid set of markets Predex has ever seen, which means this is the moment that this thing actually shines. There's $200,000 in prices in play across the

[03:11] World Cup, revealed in stages as it goes. And the competitions to win a slice of the prize are free to enter. Rewards are based on where you land in leaderboard right here. Leaderboard, you have all leagues, EPL and World Cup

[03:23] profit and loss. Obviously, everything is open. Uh it's on the blockchain, so you are able to see all the profiles. In this case, Marita Wojtack is the number one. Now, I'm going to be making up the rules of this competitions. Predex

[03:37] competitions, of course, every time how each one of them works. There's also something for your very first win as a the app, but it's worth knowing. Quick note on who's behind Predex because it's

[03:51] worth knowing. Brett raised $2.5 million led by Accel, Coinbase Ventures, and Reverie in two. So, this isn't a fly-by-night thing. So, real talk before money, prices move, and you may lose money. That's true of any market, and

[04:05] what it is. It's 18 plus and only available in certain places. So, the Make sure to check it out. It's It's pretty cool to see how it works, how the markets are created in real time, how the odds are actually generated from

[04:18] So, actually a pretty good predictor of the outcomes of different events. Of think it's pretty interesting to see and transparent to see what people think there's no house edge, which is

[04:32] it comes to this sort of platform. So, if you think the old way of watching >> [music] >> this is an option worth knowing about. Appreciate you watching, guys. I will catch you in the next video.