Now, I don't expect that to continue, but that was over multiple trades, as in I didn't just get lucky once, and I don't go all down either. The thing about intrade is it's sort of like the stock market but not entirely, and it's sort of like betting but not entirely. You can get a pretty good idea of who is going to win, and make very low risk buys/sells, and garner a fair return for little risk, and the reason that is, is because there seems to be more people in that market emotionally invested in what they are buying/selling than when it is a company.
Also, the swings on intrade are pretty wide, as in you can make a 10% return on your invested amount sometimes within minutes or hours. I just made a low volume trade today for 4.00 and turned it into 6.00 in like 30 minutes. So, jumping in and out of a market and not holding seems to be a good strategy as well.
Also, I do believe political campaigns purchase or sell up there for their particular candidate, while on the face of it this may appear bad (distorts odds for a while), if you can keep your eye on the polls and general happenings you can make money off these pumpers and dumpers fairly easily, as in all markets they tend to correct eventually.
Anyway, I work on the computer all the time, and really can access their site anytime as well, so that probably gives me an advantage as well, but so far at this rate, I'd own the universe in about 10 years at this level of compounding, and that is the other thing, I doubt I could maintain such returns on a 100 thousand dollars either, as it's one thing to jump in with 10 shares and jump out, quite another to do that with a 1000 shares or 10000, the market simply isn't deep enough. So, if anything, this intrade appears to me a very good way, (if you can emotionally detach yourself from the candidates), to make probably thousands of bucks a year during election season, and if you sit at a computer all day or alot there is little effort involved especially if you watch political news already.
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