A Straddle Bot has quietly amassed $240,000 in less than three weeks on Polymarket's high-frequency 15-minute BTC "up or down" game. The bot capitalizes on market pricing delays by employing an aggressive strategy of asymmetric hedging, rather than predicting Bitcoin's direction. By allowing imbalanced positions, the bot exploits underpriced opportunities, such as heavily discounted NO bets, to achieve profits far exceeding those of typical arbitrageurs.
The bot's success is driven by its ability to identify and exploit pricing errors in Polymarket's order book, which often arise from emotional retail trading. It monitors implied odds via API, swiftly acting when combined prices fall below $1, such as $0.48 + $0.49 = $0.97, to capture mispriced bets. With 96 compounding opportunities daily, even modest 1%-2% per trade profits have compounded significantly over the period, underscoring the power of frequency in trading returns.
Straddle Bot Profits $240,000 in Polymarket's High-Frequency BTC Game
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