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

THIS doesn’t mean the Mittster’s goose is cooked for sure, but it gives you an indication of what the smart money is saying.

(Note: The Intrade numbers might change by the time you visit the site.)

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2 Comments

  1. 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

    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?

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