gwern comments on Open Thread, November 1-15, 2012 - Less Wrong

4 Post author: OpenThreadGuy 02 November 2012 02:11AM

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Comment author: palladias 07 November 2012 07:34:59PM 3 points [-]

Nothing. I put my money in by check (10 day processing lag but no fees) and will withdraw it by wire transfer (no fees on InTrade's end, last time I checked, and, at my bank, incoming wire transfers are free). InTrade just made money on the float from me.

Comment author: gwern 07 November 2012 09:00:34PM 1 point [-]

InTrade doesn't charge fees anymore and just makes their money off the float? Hm. Maybe my old verdict 'too expensive for small players' needs revising.

Comment author: dbaupp 07 November 2012 10:11:40PM 6 points [-]

Their website suggests just a $5 monthly fee.

Comment author: gwern 08 November 2012 12:10:16AM 4 points [-]

Ah, so it hasn't changed. That still makes long-term bets there infeasible for people with small bankrolls (I've believed Obama had 60% odds since well before the primaries, but I'd find it hard to profit on Intrade with as much as 5% of my tolerable investment disappearing each month...)