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Betting on "Impossible"! Will the World Cup produce a huge upset?
gloriafoster is employing this strategy on Polymarket, spending over $300,000 to heavily bet on low-probability events with less than 1% odds
- Spending $9.6k to bet on the Democratic Republic of the Congo winning the World Cup at 0.1% odds; if they win, profit exceeds $9.6 million
- Spending $12k to bet on Ghana winning the World Cup at 0.2% odds; if they win, profit nearly $6 million
- Spending $9.9k to bet on Paraguay winning the World Cup at 0.4% odds; if they win, profit nearly $2.5 million
- Spending $4.6k to bet on South Africa winning the World Cup at 0.2% odds; if they win, profit over $2.3 million
- Spending $1.7k to bet on Saudi Arabia winning the World Cup at 0.2% odds; if they win, profit $846k
Although low-probability events are not entirely impossible, gloriafoster’s strategy is more likely to involve buying extremely low-odds events and then quickly flipping.
Since November last year, gloriafoster has profited nearly $30k using this strategy.
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