But no matter the price at which you purchased a contract, it settles at $1 if the event occurs and the bettor reaps the benefit of the increase in the contract. Choose wrong and you get nothing. So, if someone were to buy $10 worth of “yes” contracts at $0.08 and Carney emerged as the laureate winner, they’d make more than $100 because the value of the contract increased by more than 10 times.
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