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Posted by m-hodges 6 hours ago

Nothing Ever Happens: Polymarket bot that always buys No on non-sports markets(github.com)
274 points | 109 commentspage 2
withinrafael 3 hours ago|
Very confusing. Polymarket doesn't allow US use/users. How are folks in the US participating on Polymarket? (VPNs and the like reportedly don't help either due to KYC policies.)
Cider9986 3 hours ago||
Cryptocurrency. Even if it is a traceable crypto like usdt, it doesn't seem to be enforced.
JumpCrisscross 3 hours ago|||
> Polymarket doesn't allow US use/users. How are folks in the US participating on Polymarket?

Same way Binance did [1]. Assuming they wouldn’t get charged.

[1] https://www.binance.com/en/square/post/362592428897

infecto 2 hours ago|||
Polymarket has been live in the US since the beginning of the year. There is a queue but it’s absolutely live. And before that you could still use it so long as you did not use a VPN.
withinrafael 46 minutes ago||
Strange. The current terms state:

> Restricted Jurisdictions. You acknowledge and agree that you are not permitted to access, use or trade with the Contracts on the Platform if you are residing in, a citizen of, organized in or located in the following jurisdictions (collectively, the “Restricted Jurisdictions”): Australia, Belgium, France, Germany, Italy, the Netherlands, Ontario, Poland, Quebec, Russia, Singapore, Taiwan, Thailand, the United Kingdom, the United States; or a jurisdiction or territory that is the subject of comprehensive country-wide, territory-wide, or regional economic sanctions by the United States, including but not limited to Iran, Syria, Cuba, North Korea, and the Crimea, Dontesk and Luhansk regions of Ukraine.

Maybe I'm supposed to ignore that?

xboxnolifes 3 hours ago|||
Idk if there is new KYC I dont know about, but you just needed a VPN.
tekno45 5 hours ago||
any stats on your returns so far?
pawelduda 5 hours ago||
Turkey reported high winrate until Thanksgiving
vessenes 5 hours ago||
Falling victim to the classic fallacy. So sad
syncsynchalt 5 hours ago||
We call it a "black turkey event", nobody saw it coming.
m-hodges 5 hours ago||
Not my project, but author said on X:

> Why predict the future when 73.4% of all Polymarkets resolve as No?

https://x.com/sterlingcrispin/status/2043398710013595857

gruez 5 hours ago|||
That logic doesn't work because not every bet have even payouts. If there's a market for whether a dice rolls 1 or not, the odds might resolve to "no" 83% of the time, but if it only pays you $1.1 per dollar wagered on "no", you're still losing money.
thatnerd 5 hours ago||
I think we've collectively DDoSed it. I'm getting a 504 timeout.

The author [page](https://github.com/sterlingcrispin) is there on github, but I can't even find his full list of his repos to confirm it's still there (I also get a 504 on that).

thatnerd 4 hours ago||
Back up
nothinkjustai 5 hours ago||
GitHub is down yet again. Guess they forgot to tell their AI “make no mistakes” while vibecoding.
aprilnya 5 hours ago||
I was about to say “first Microsoft service to reach zero 9s of uptime”, but then I realized, it’s Microsoft… GitHub is definitely not the first
modeless 4 hours ago||
Polymarket already has "Nothing Ever Happens" markets where you can bet on a set of events all not happening together. Because why not.
neko_ranger 4 hours ago|
"Nothing ever happens" ETF
modeless 1 hour ago||
I think these would qualify https://etfdb.com/etfdb-category/inverse-volatility/
chrisgd 4 hours ago||
Very cool. The opposite of the black swan or turkey corollary. Every day the turkey gets fed and is happy until Thanksgiving rolls around.
swyx 4 hours ago||
> Heroku Workflow The shell helpers use either an explicit app name argument or HEROKU_APP_NAME.

nice to see heroku still alive...

sterlingcrispin 4 hours ago|
I love heroku, death to vercel
seizethecheese 1 hour ago||
Considering moving my team to Vercel. Why?
dnnddidiej 2 hours ago||
Betteridge's Bet
fooker 4 hours ago||
Don’t be gullible enough to fall for this bad math.

Say 70% of the time it resolves to ‘no’, you still don’t make money by blindly choosing ‘no’.

Guess why?

Hint: This strategy is also described with the macabre analogy: picking up pennies in front of a steamroller.

Do you want to pick up pennies in front of a steamroller?

lokar 4 hours ago||
Fall for it? I think it's pretty clear the author is not trying to convince any one of anything. It's mostly a joke.
fer 3 hours ago||
Whether it's pennies in front of a steamroller will depend on the entry price, EV, time left to resolution and many other variables.

Though I agree it's bad math, even if 70% resolve to no, there's a high variance among all of them, and to know whether it's a good bet or not... you have to do your DD on that particular market. Even if you follow the Kelly criterion, randomly choosing bets will probably tank your bankroll sooner or later.

fooker 2 hours ago||
> Whether it's pennies in front of a steamroller will depend on […] many other variables.

No, all these variables cancel out.

If you were picking and choosing, yes. But this approach is basically betting no on all the markets.

The textbook explanation of this is the central limit theorem, proving this mathematically is a bit more involved for power-law systems like this but it’s empirically valid.

nzach 5 hours ago|
If this seems interesting for you remember that if you are putting $100 in a 99 to 1 bet you need to win 100 times to get $100 but only need to loose 1 time to loose $100.

And the chance of losing at least once in a 99% sure bet after 100 rounds is around 60%. Even if you reduce to 30 rounds it still is around 30%.

This may seem smart at first glance, but the math doesn't really checks out.

sterlingcrispin 4 hours ago|
In your scenario you're assuming the dice rolls are all independent. If polymarket bets were all pure dice rolls the 60% odds you quoted would be true.

But they aren't independent there are a lot of correlations. Global geopolitics for example.

The way the math works out, 73% of markets resolve to No, If you buy No at 0.73 each time you would break even.

Not financial advice of course

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