A newly registered trader on Polymarket, one of the most widely used online cryptocurrency prediction market websites, has managed to turn a nearly $330,000 profit in a single day.
Going by the name of NBA101, the trader has made 48 predictions since they joined earlier this month, most of them sports-related.
The latest was an $82,000 bet on Sacramento Kings vs. Los Angeles Lakers on January 13, which turned a 312% profit of approximately $256,500 for a total win of more or less $338,000 when the Sacramento team beat the L.A.-based rival 124:112.
Adjusting for a nearly $9,000 daily loss on other positions, the figure came out at precisely $329,931.27 at press time.
NBA101’s Polymarket profile. Source: PolymarketNBA101’s other sports bets
While yesterday’s Kings game was NBA101’s most profitable bet, it is by no means their only high-stakes play.
For instance, the trader has also placed a $116,000 bet on the last Timberwolves vs. Bucks game, which also ended favorably for NBA101, with a total win of almost $261,000.
Similarly, the user had another $116,000 position on Hawks vs. Lakers, for which they stand to win $275,000.
With the most recent win, NBA101’s overall winnings have climbed to about $763,700, leaving social media wondering what kind of luck they are going to have in other markets.
Featured image via Shutterstock
Source: https://finbold.com/polymarket-trader-makes-330k-in-a-day-predicting-sports-results/
