What do you get for buying a winner after the election? that makes no sense. the election is over ALL positions like tht are worthless.
Well, don’t take my word for it, but here’s my understanding.
Let’s say Thompson is offered at $11 today. You think he’ll win ( or at least go much higher) and so you buy 100 options at $11. I think the max per player is $5000. So when Thompson gets to $22 you sell & make $1100 profit, or if you hold & stay & he wins outright you get $100 ($7800 profit) and all others get $0.
Futures Markets are hot stuff — pretty reliable at predicting results, so far.
By the way, last debate showed that Huckabee won and Romney lost. Huckabee does seem to be getting a bit more attention lately.