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Trump leads at 60.3% — why polls don’t matter now that betting markets rule
American Wire ^ | October 22, 2024 | Vivek Saxena

Posted on 10/23/2024 5:38:10 PM PDT by henbane

These numbers vastly differ from the polls, particularly the national polls, which continue to show Harris ahead by a few percentage points. But which one should you believe?

Maxim Lott, the guy who runs ElectionBettingOdds.com, personally thinks you should believe the betting sites, not the polls.

“These are really accurate,” he told Fox News. “They’re more accurate than just trying to look at polls or especially more accurate than listening to pundits bloviating. [The bettors] look at all sorts of historical data; they look at trends. I find the percent more useful than the polls.”

“Last cycle we had more than a billion dollars traded. That’s still [not] that much if you compare it to … the stock market or something, but it’s enough that we have a reliable indicator, and that’s what [is] important to us as users who just want to know what’s going to happen,” he added.

(Excerpt) Read more at americanwirenews.com ...


TOPICS: Government; News/Current Events; Politics/Elections
KEYWORDS: betting; bettingodds; election2024; harris; trump
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Quite a difference between the polling and the betting numbers.

Kamala pulled out in front in the betting markets when she was first tossed into the ring back in early August--with tremendous cheering from the Dems and the lamestream media.

It's been nip & tuck since then--but in early October Kamala began to lose ground.

Suddenly, here, in late October, it looks like the bottom has fallen out of her campaign where people put hard cash down on the table.

1 posted on 10/23/2024 5:38:10 PM PDT by henbane
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To: henbane

The real question is how blatant can the steal be? My guesstimate is 8-10%.


2 posted on 10/23/2024 5:44:59 PM PDT by glorgau
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To: glorgau

The betting folks have to evaluate the cheating issue as part of their calculations—money on the table—no excuses if you get it wrong.


3 posted on 10/23/2024 5:48:02 PM PDT by cgbg ("Our democracy" = Their Kleptocracy)
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To: henbane

IIRC, Hillary was 88% to win...How’d that work out.


4 posted on 10/23/2024 5:48:51 PM PDT by Sacajaweau
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To: henbane
"[The bettors] look at all sorts of historical data; they look at trends.

I would expect that they take cheating into account, as well. Hopefully there are enough bettors that have their ear to the ground, hearing of the depths of Rat chicanery, and they still come up with these good numbers.

5 posted on 10/23/2024 5:48:58 PM PDT by Tellurian (Any cleverness from a democrat is quickly invested in deception)
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To: henbane

Disregard the polls get out the vote, it must be too big to rig.


6 posted on 10/23/2024 5:50:47 PM PDT by kenmcg (ti hi o)
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To: kenmcg

Is it like the Philippine beauty contest from 20+ years ago? Or when Benji Aquino beat Ferdinand?


7 posted on 10/23/2024 5:53:13 PM PDT by DIRTYSECRET
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To: henbane

https://x.com/Kalshi

American betting market


8 posted on 10/23/2024 5:56:21 PM PDT by Az Joe (Live free or die)
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To: glorgau

Might be a lose lose lose for DJT

1) He wins outright but cheating is alleged and he’s not sworn in and Harris (supported by the alphabet agencies) refuses to leave the WH.
2) He wins and is sworn in but Soros with BLM and company resort to nationwide manufactured terrorism in efforts to destroy what’s left of our nation.
3) She ‘wins’ but only after a repeat of 2020 thievery.

A Trump victory with a peaceful transition of power is a pipe dream.


9 posted on 10/23/2024 5:58:41 PM PDT by KierkegaardMAN (I never engage in a battle of wits with an unarmed man.)
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To: henbane

This doesn’t account for the margin of cheat.


10 posted on 10/23/2024 6:05:20 PM PDT by thirdgradeteacher
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To: henbane

If you were a pollster with a good record and knew what was really happening, wouldn’t you toss a few shekels on the prognositcation. Remember almost none of the pollsters are paid by people who just want the truth. News organizations want to maximize political advertising revenue so they want answers that maximize advertising takes. They may care who wins, but more they care about their bank accounts.


11 posted on 10/23/2024 6:15:31 PM PDT by AndyJackson
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To: AndyJackson
News organizations want to maximize political advertising revenue so they want answers that maximize advertising takes. They may care who wins, but more they care about their bank accounts.

I think you are mistaken. If new organizations wanted to maximize revenue, they would be relatively neutral. There are numerous examples the news organizations care more about their political agenda than they do about revenue.

Fox showed there was a vast, untapped potential for news which was not far left biased. Other news organizations doubled down on leftist bias, in fact they became far more leftist.

The Washington Post refused offers to buy them out, until they could find a politically correct entity to purchase the outlet.

Revenue is a priority, but ideology is a much higher priority.

12 posted on 10/23/2024 6:32:34 PM PDT by marktwain (The Republic is at risk. Resistance to the Democratic Party is Resistance to Tyranny. )
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To: henbane

Interesting tidbit I read yesterday. The so called “whale” account on Polymarket that bet $10M on Trump, is NOT a whale account. It is in fact their most profitable single account. Let that sink in. Someone very smart who knows an arbitrage opportunity when they see it and goes big before the rest of the market sees it.


13 posted on 10/23/2024 6:33:49 PM PDT by LambSlave
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To: Sacajaweau

Nobody got it right in 2016. Nobody was even close. It was an anomaly. Give em a break. No different than the Tyson losing to Buster Douglas. Nobody got it right. Sometimes upsets happen.


14 posted on 10/23/2024 6:34:52 PM PDT by vespa300
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To: henbane
Hillary was an 88% winner in the betting odds in 2016.

Just sayin...

15 posted on 10/23/2024 6:35:33 PM PDT by The Old Hoosier (Right makes might)
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To: Sacajaweau

“IIRC, Hillary was 88% to win...How’d that work out.”

That was only 2 days prior to the election!


The three sites all reported an 83 percent probability of a Clinton victory on Tuesday. Her probability shot up a few percentage points on Sunday after the FBI stood by its earlier recommendation that no criminal charges were warranted against Clinton in her use of a private email server.

https://www.cnbc.com/2016/11/07/betting-sites-see-record-wagering-on-us-presidential-election.html



16 posted on 10/23/2024 6:38:03 PM PDT by TexasGator (FIXED! I. I I l I l l "l I l / .I lI . l I)
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To: henbane
Has everyone forgotten 2016 when the betting markets were 90+% for Hillary? And they were so sure that she would win that some of the bets were paid early.

I pray to God that Trump wins in a landslide too big to steal.

17 posted on 10/23/2024 6:40:39 PM PDT by HandBasketHell
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To: KierkegaardMAN

2) He wins and is sworn in but Soros with BLM and company resort to nationwide manufactured terrorism in efforts to destroy what’s left of our nation.

><

They would activate the Sleeper Cells who have come through in the invasion, then paid terrorists/gangs would go to work. 911 x100.


18 posted on 10/23/2024 6:44:59 PM PDT by laplata (They want each crisis to take the greatest toll possible.)
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To: henbane
Quite a difference between the polling and the betting numbers.

Definitely. Polling numbers are proxies for expected votes. betting numbers are the percent of gamblers who think a particular candidate will get more than or equal to a winning percentage of the electoral votes. These are very different things.
19 posted on 10/23/2024 6:46:50 PM PDT by posterchild
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To: posterchild

Only in a vague calculus sense i might consider betting numbers to be a derivative of polling numbers.


20 posted on 10/23/2024 6:55:43 PM PDT by posterchild
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