Betting on Politics: Predictit is NOT Dead

So it really was Mayweather / McGregor 2.0.

1 Like

Here’s an idea, how about you offer the bet with reasonable terms like “winner is decided when Fox and CNN agree” like you did with some of the other bets instead of leaving yourself open to this BS when one of the contestants is a known scumbag toddler who doesn’t live in consensus reality.

1 Like

I remember 1996 me was so optimistic that this internet thing would bring knowledge to the masses and usher in a new, more educated age. I have no idea how I’d go about explaining to that guy why Michigan is 88c.

8 Likes

especially when you have to start that explanation with THE KRAKEN

1 Like

I’m wondering if we’re all betting too high, they will announce soon alleged voter fraud and they really won a bunch of states including virginia.

(that’s when you buy)

GOP yay in Nevada made it from 10c to 14c and Dem yay went from 91c to 89c over this Clark County Commissioner race being tossed.

I just deposited more to max GOP no at 88c. Was one of the markets I had shifted out of to get a better price on some other lock market, but it’s moved down enough to deposit more to get back into it lol…

1 Like

I try not to predict the trends of the morons making great prices available too much. I’m a value investor, at my core.

I was wondering WTF was going on in that market.

NV market might literally close at 90c

2 Likes

Maybe we should ask for a market on what the lowest closing price will be for this election.

I mean Georgia is at 89/87 right now, it’s a lock too. I mean maybe there’s a 12% chance of Georgia Republicans manufacturing and then “finding” ballots during the recount? Maybe.

I mean, have we found anyone we consider intelligent that bet Trump? Anyone, anywhere?

I think you could make the case he was a little undervalued at 2.25 or whatever pre election but I don’t think that’s true. He really overperformed and it still wasn’t that close.

Pretty prescient for 1993 - back in the days when we were still calling it the Information Superhighway.

4 Likes

The other side is betting on other ballots getting DQ’d, not finding new ones.

Yeah, but that isn’t going to happen. They did, however, find 2,700 ballots in some Trump county that were able to be counted.

Classic Tom Tomorrow was always on point.

1996 me would not be that surprised that the Internet radicalized a bunch of bumpkins, although he would be surprised that a bunch of bumpkins figured out how to use the Internet.

1 Like

Popular vote wasn’t close but the electoral college is basically just the inverse of 2016. Biden’s going to win Georgia, Arizona and Wisconsin by less of a margin than Trump won Wisconsin Michigan and Pennsylvania in 2016. Without GA AZ and WI Biden is at 269 and basically drawing dead.

He was like 3.00 before the election and not undervalued.

The point of betting Biden was that there could be another large polling error like in 2016 and Biden would survive. There was another large polling error like in 2016 and Biden survived with two states to spare. The margins are close in those states but it’s still two states to spare. This was a bad scenario as there wasn’t really any reason to think there’d be another polling error in Trump’s favour. I continue to think this is true given the information we had at the time.

Next election is going to be pretty insane I think, the right are going to be absolutely certain that the poles are undervaluing them again and the pollsters are going to be careful to avoid yet another error of this type.

2 Likes

so… no different from this election

1 Like