Make Money While Flaunting Your Prophetic Ability

Have you ever bet on a football or basketball game with your coworkers or colleagues betting on the rival team? Do you still remember the last time you won the bet and feeling great about being able to foresee a result that many others are not able to? Ever since year 2008, you probably have already talked to your friends relentless about how certain the oil price will break $120 by the end of August 2008, how certain France will be the first country to announce a boycott to the Beijing Olympics, and how certain Obama will win the democratic presidential nomination. Now, instead of talking about your predictions, you can start making money off of them, under the condition that your predictions are more accurate than other people's.

Thanks to Predictify, a company lets you input to their website your predictions about the outcomes of future events. You may be compensated if your prediction comes to be right or close to be right. The idea was so intriguing to me that I waited no time to join it. By the way, the joining is free and all you need to do is to provide an email address, a user name and a password.

Here is how Predictify works. There are two kinds of events available for you to make prediction on: premium and free.

• Premium: The payout money pot for the premium events are greater than $0. (I've seen ones raging from $500 to $3000 so far.) Each premium event has a limit on how many people could participate. You also have to give a little demographic information such as gender, race, and age (basically like taking an anonymous survey). The payout you receive depends on how accurate your prediction is and how early you sent out your prediction. There are new issues added every day and premium issues tend to be fill up quite quickly. So far, I participated in two premium events, and not sure of my payout yet since these two events are still running.
• Free: The payout money pot for the free events is $0, which means that there is no cash payment involved. You will instead receive member points and hence rankings if your prediction comes close. Why do you want a high ranking, because with a higher ranking you can earn a bigger bonus in the premium events. With the highest rank, "Guru," you can earn 3 times of your payout in an premium event. See here for details.
  

The events listed cover a broad range from sports to pop culture, from politics to economics. For example: the outcomes of the democratic presidential final nomination or the sale price of a house. Even better, you can create free events that you want public opinions for others to predict. Of course, you can create premium events as well, which will cost you $1.00 x the number of participants you allow. By the way, creating events can also increase your member points.

Finally, with your prediction you can add a comment explaining your reasoning behind and you can change your prediction as long as the poll is not closed.