r/RobinhoodTrade

vanguard loaded more shares Wednesday/Thursday, now owning almost 12% of the float with over 46 mill shares!! They know whats coming!! Smart money loading ahead of thursdays earrings! Short interest about an all time high with zero to borrow and we have had nothing but good news the past year, this shouold of never dropped 70%, but that drop was a gift for ppl to average down and get a better dca!! AI is still in its early stages. We saw nvda and pltr run 10x-20x over the last few years i believe we are up next

Tried Robinhood Prediction Markets for the first time during UFC 328 because Joshua Van was fighting. He’s one of my favorite fighters, so I decided to bet on him.

I made 3 separate buys:

$5,000 buy — paid $227.26 in commission/fees, so $4,772.26 went into the actual bet. Received 11,363 contracts at $0.42
$50.28 buy — paid $2.28 in fees and received 114 contracts
$2,500 buy — paid $113.62 in commission/fees

So I already paid fees on the purchase side.

Then I got cold feet after watching some MMA YouTubers saying Joshua was going to lose, so I sold part of my position before the fight:

Sold 493.83 contracts at $0.41 for $202.4703, paid $9.8803 in fees, and received $192.59
Sold 6,664.17 contracts at $0.41 for $2,732.3097, paid $133.2997 in fees, and received $2,599.01

So those positions were already closed at a loss, and I already paid the sell-side fees on them.

After that, I had 10,000 contracts left. Joshua won, so those contracts paid out at $0.99 each = $9,900. Robinhood deducted another $200 fee, leaving me with $9,700 in credits.

Based on that, I expected about $5,700 profit from the remaining 10,000 contracts.

But Robinhood is only showing $4,942.08 in event contract profit, which is $757.92 short from what I expected.

I reached out to support, and the agent said there were no accounting errors on their end. He said the $757.92 difference was commission/fees, but that doesn’t make sense to me because I already paid fees when buying, when partially selling, and again on the final payout.

The partial sells were already closed and accounted for, so I don’t understand why they would reduce the profit from the winning 10,000 contracts again.

Support also kept saying I made around $12.4K total, but it sounded like they were looking at total credits/cash movement instead of actual profit. I asked for a call because chat wasn’t helping, but the call didn’t clarify anything either. It felt like the agent was just trying to justify the number instead of actually walking through the math with me. When I asked to escalate it to a supervisor, he even sighed.

Am I misunderstanding how Robinhood calculates event contract profit, or does this actually seem off? From what I can tell, I’m $757.92 short, and saying it’s “just fees” doesn’t add up when those fees were already deducted at entry and exit.

r/RobinhoodTrade

Am I just dumb, or is robinhood scamming me?