To maximize your earnings on FORE as a creator, you can follow these strategies:
Create Compelling Markets: As a market creator, your main goal should be to create unique and compelling prediction markets that will attract a large number of participants. The more participants your market has, the higher your earnings will be. Make sure your market is relevant and interesting to your target audience.
Create markets on trending topics: Trending markets not only attract more users but also generate higher traffic, volume, and liquidity, resulting in more substantial rewards for creators. Stay updated on current events, popular culture, and emerging trends to spot opportunities for market creation.
Diversify Different Across Sectors: Leverage the global and expansive prediction ecosystem of FORE by creating markets in diverse sectors, including sports, politics, crypto, esports, finance, and more. Diversification across different sectors broadens your appeal, attracting a larger audience and increasing overall market traffic.
Explore Niche and Side-Events: Go beyond traditional outcomes and explore niche events, side-events, or specific facets of larger occurrences that may captivate participants. Provide markets on detailed elements such as player performances, specific game statistics, weather conditions, or unique incidents within an event. Offering a variety of prediction options ensures a diverse participant base with varied interests.
Market your markets: To attract participants to your market, you need to actively promote it. Use social media, email marketing, and other channels to spread the word about your market. The more you market your market, the more participants you will attract.
Shorter Range of Results and Reliable Sources: Consider creating markets with a shorter range of results, which can help you earn faster. It's also important to ensure that your markets are clear and have a reliable source of results to avoid any disputes or invalid markets.
Liquidity and Market Positioning: As a creator, providing initial liquidity is optional but you also have the option to take a position in your own market, which can help increase liquidity and attract more participants.
You can either place 100% of your FORE on a single outcome or weight it
The initial odds are set at 1:1, but you can tailor them to determine the market's starting odds.
Market Structure: In FORE’s first iteration, it’s crucial to ensure that your market outcome is answerable by a simple yes or no, which makes it easier for participants to understand and reduces the potential for disputes. To cater to user demand, FORE has designed a variety of market structures, including categorical, ordered, floating point, and parlay markets.
Stay Active: To maximize your earnings as a market creator, you need to stay active on the platform. This means creating new markets, participating in existing markets, and engaging with other users. The more active you are, the more opportunities you will have to earn.
Stay Informed: Finally, it is important to stay informed about the latest trends and developments in the world of prediction markets. This will help you to create markets that are relevant and interesting to your target audience. It will also help you to stay ahead of the competition.