24Bingo
24Bingo
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Joined: Jul 4, 2012
October 29th, 2012 at 1:04:16 PM permalink
Quote: TheBigPaybak

8. I know many people who voted for Obama who are now voting for Romney. I don't know a single person who voted for McCain that's now going to vote for Obama.



Yo.

(But I'm in Massachusetts, so I don't count.)

Regardless, all of this is just superstition. All these things affect the election, sure, but all that data is wrapped up neatly in the polls; to count the polls and then add the data to it is absurd double-dipping. RCP shows 146 votes up for grabs, of them 89 biased toward Obama and 57 toward Romney, plus Obama's 10-vote lead in states outside the MoE. That's a toss-up, with a slight edge toward Obama - exactly what a 60-40 prediction market should look like. If I were a frequent trader there, I imagine I'd start buying Obama at $5, although I probably would already own some Romney with the intention of selling it next weekend.
The trick to poker is learning not to beat yourself up for your mistakes too much, and certainly not too little, but just the right amount.
TheBigPaybak
TheBigPaybak
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Joined: May 14, 2012
October 29th, 2012 at 2:35:53 PM permalink
Quote: 24Bingo

Yo.

(But I'm in Massachusetts, so I don't count.)

Regardless, all of this is just superstition. All these things affect the election, sure, but all that data is wrapped up neatly in the polls; to count the polls and then add the data to it is absurd double-dipping. RCP shows 146 votes up for grabs, of them 89 biased toward Obama and 57 toward Romney, plus Obama's 10-vote lead in states outside the MoE. That's a toss-up, with a slight edge toward Obama - exactly what a 60-40 prediction market should look like. If I were a frequent trader there, I imagine I'd start buying Obama at $5, although I probably would already own some Romney with the intention of selling it next weekend.



That's my point: the polls don't show the whole picture. They attempt to show the reality at a particular time, and even then, polls can vary because of a number of factors, so which ones do you believe? I'm saying that regardless of the shifting polls, that I wouldn't be surprised if the outcome is a different reality then the polling would suggest. At least as of today. We'll see...
Lack of prior planning on your part doesn't constitute an emergency on my part.
kewlj
kewlj
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Joined: Apr 17, 2012
November 5th, 2012 at 7:15:43 AM permalink
Looking at the election markets on this final day before election and wow, what variation. On the site predictwise, they have President Obama at 67.4 on Intrade and at 79.7 on Betfair. That is 2-1 favorite on one site and 4-1 on another. That is a huge difference.
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