Could some Romney supporters really make much money considering their confidence in victory? Sorry, but I have been skeptical about this. Maybe I do not understand it well enough. Be assured I will not get involved in intrade.
Well, at this point you could still make almost $6000 on a $4,000 bet if Romney wins (I have thought about taking the plunge).
Americans can’t trade on intrade.
A few weeks ago contracts that will pay $10 on Nov. 7th if Romney wins the election were available in size for less than $2.50 each.
Thus a person could have invested $250 at the end of September and cashed out for $1000, or 300% profit, after six weeks, again if Romney wins.
You can decide for yourself whether that constitutes “much money”.