They had the Fraud up by FIVE TO ONE just a few weeks ago.
Investors take cheating into account.
Intrade is easily manipulated. Keep in mind that intrade was above 75% in favor of obamacare being ruled unconstitutional.....we all know how that worked.
Setup... a contest with a prearranged outcome... or at least the attempt...
The predictive powers of tea leaves, belly button lint, and Intrade are approximately equal.
In other words, who cares.
They are betting on the ‘spirited’ Obama performance will boost the actual voting from his base.
Save the Left from massive forgery, micky mouse might get caught way too many times.
I’ve been asking the same thing for the past week or so. Late last week he Obama dropping into the high 50’s and has slowly been moving up since then. I DO NOT GET IT!!??
What information out there are people using to get them to BUY Obama contracts >60??
Evidently Obama’s fans are fonder of gambling than Romney’s fans. The numbers are based on the customers’ bets, not on what the Intrade people think.
Looks like an opportunity to make a little coin to me...
This is a UK based gambling site, not a liquid market. These numbers don’t mean squat, and I’m surprised RCP uses them!
Romney traded at around 20% on Intrade just two or three weeks ago.
If you didn’t buy then, then don’t complain now.
He briefly went up as high as 41% a few days ago, but has gone down again since last night’s “debate”.
As always, if you think the other investors are wrong, then there’s money to be made.
Since InTrade requires that “investors” actually purchase shares and trade them, for real money, no one in the US can participate any longer. So, the odds are driven by people outside the US. Having lived overseas for many years, I don’t believe folks in other countries just don’t understand the subtleties of our politics. They certainly don’t “get” the electoral college and our form of federalism. I know, for instance, that Israelis are convinced that Obama can’t lose.
Easy to manipulate Intrade as shown here:
http://datechguyblog.com/2012/09/03/intrade-can-be-moved-by-less-than-a-carrotouple-of-peas/
What percentage of the Obama warchest do you estimate it would take to push the Intrade price on his winning up, say 20 points? Not very much.
I’m guessing the Intrade price is now ‘Rat propaganda, which suggests it’s time to buy Romney on Intrade if you’re into such speculation with your money.
Don’t know, don’t care.
I’m busy knocking on doors and trying to get the vote out.
Intrade had also the Patriots beating the NY Giants in the Super Bowl - both times.
Obama is such a weak candidate that the Dems and foreign supporters there pulling out all stops to get him elected, including manipulation of the polls and Intrade.
I also include the possibility that somebody is pumping and dumping.
I happen to think Intrade's wrong in this case, and that Romney is priced very cheaply (if I had an active Intrade account, I'd buy as much Romney as I could at ~35, and would have bought even more a few weeks back at ~15-20). But, it's important not to conflate the predicted chance of victory with the predicted margin (which Intrade does not address).
The same people that bet on Intrade buy lottery tickets. And they vote Obama.