[Perdogg]

I would do it.

[fred4prez]

The only reason not to - if he loses, you lose it all. It’s up to you if that’s a risk or not. :)

[SoftwareEngineer]

If you are an American (which may not be the case based on your handle), it would be technically against the law to do so.

Intrade is considered internet based gambling and thus is forbidden to US Citizens

Many thousands do it regardless but if one fine day the Goverment decides to crack down, Intrade will not hesitate ONE MINUTE to share all the US Citizen names

[BigBobber]

If you bet on Obama, at least you will have some money to pay your higher taxes if he wins. It’s called a “hedge”.

[CPT Clay]

I’m thinking of doing the same.

[HannibalHamlinJr]

You should buy. It's underpriced. Doesn't mean you'll win ... but at this point it should be priced at .85 for Romney.

Keep in mind you have to either wire or send a cashier's check to Intrade - so get going now - it may be a day or more before you can actually invest your money, and the media narrative distorting the price can't hold out for much longer, now that's it come to "R might win the popular, but O will still win" ... that's the media's last stand. It will break next week.

This price, by the way, is exactly why Intrade is not an efficient market and can't be used to predict political campaigns. Remember that only a week or so ago did Europeans have any idea it was even a race.

I once believed the idea that since people were laying down their money, it wold be more accurate. But other reasons overwhelm that in certain bets, politics being a a major example.

1. Uneducated investors (meaning not fully aware of the facts)
2. People investing fun money, not like investing in the market for retirement.
3. Gamblers taken as a whole aren't the smartest most well informed people in the world. (Some are - but as a group, no.)
4. The market is too small

So Intrade is great for taking advantage of an inefficient market. Here at FR we have insider information not available to the rest of the investors, 95% of whom are listening to media and media polls, and don't know they can't trust that information.

Go for it, Martha Stweart, this type of insider trading is quite legal :-)

[E. Pluribus Unum]

It does not look to me as if you could create an account and submit all the documentation and create an offshore account before the election. I just started the process and gave up.

[Lurkina.n.Learnin]

What’s the vig? How does Intrade make money off of this?

[Gaffer]

What happens at a racetrack when an unknown bettor plops down say, a hundred grand or so - or more, on a bet for someone? What happens?, tell me....

One would think that odds will get shifted to cover a loss should they have to pay off this debt, right?

Suppose someone like SOROS or of his ilk places millions of dollars worth of bets?

If you look at it, it’s a cheap way to get some favorable odds press, and you don’t even have to go through the motions of conducting some fake-assed poll...

[IC Ken]

Check the fine print. A few years back I starting betting on a sport bet site (off shore). I won pretty big. Collecting was hard and they threw all kinds of fees at me. After I won $1,500.00 they sent me a check 6 months later for $923.00