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Betting Markets Predicting Obama Victory

Ken6226 Wrote: Nov 06, 2012 2:15 PM
Bookies? Liberals are relying on the predictions of BOOKIES??? The articles says these people are the ones accepting the bets, not the ones making them. That means they win big money if their "predictions" are wrong.
ccaammmm Wrote: Nov 06, 2012 5:02 PM
that and every other credible fact based source... but u guys have dic
k morris lol
bassist33 Wrote: Nov 06, 2012 4:42 PM
No one is relying on anything but the voters. Bookies deal with a lot of money and tend to be right about the bets they place. While they could be wrong, they are giving a strong advantage to the likelihood that Obama will win as most information points to that being the case. Romney just has a really long way to go in the Electoral College. That's why it is a 72% chance. Romney could still win, but it's not as likely.

Statistics for the win! Knowledge is power!
Betting markets accepting public bets on the presidential election today have coalesced around a narrative: President Obama has a good chance of retaining the Oval Office.

The Intrade market has President Obama with (as of this writing) a 72.5% chance of winning the election - and the number being that high is largely a result of predictions being made today. President Obama is up over four points in the market today alone after having hovered in the 60% range for most of the race.

Here's the intrade predictions for the electoral map. Of...