Last-minute betting on Intrade market gives Mitt Romney only one chance in four of winning

2 Comments

1. Dan F. says:

   November 6, 2012 at 11:47 am

   Intrade is not smart money. It’s a relatively small pool of gamblers who are essentially day traders trying to make a profit from sudden changes in the odds. It’s a highly distorted market with grossly imperfect information and motives… and worst of all, it’s based only on public information, not hard facts like the actual EV turnout in Ohio.

   Speaking of which… Romney looks pretty good in Ohio this morning. If Obama is following these numbers, I hope he’s wearing Depends.

   So, Pat, did you drop a couple of grand on Obama at Intrade? Or do you have some doubts?
2. Milton Waddams says:

   November 6, 2012 at 11:56 am

   It’s a relatively small pool of gamblers who are essentially day traders trying to make a profit from sudden changes in the odds. It’s a highly distorted market with grossly imperfect information and motives… and worst of all, it’s based only on public information, not hard facts like the actual EV turnout in Ohio.

   So in other words, just like Wall Street?