Intrade markets on the election
Via Talking Points Memo, I learned about intrade.com, “The Prediction Market”. It’s set up like a stock trading site, but really what it is, is online gambling taking bets on current events. Kind of a slick re-casting of the concept, really. There’s a wide variety of topics, from legal to entertainment to whatever. I’d kind of like to be active in stock trading, but I have a hard time getting involved because I know there’s a lot of stuff I don’t know, so I couldn’t adequately predict what will happen with them. But things like this, I feel like I could be closer to making informed guesses, so it has some appeal to me.
I haven’t made the plunge, but I’m starting to itch to bet on who’s going to win the presidential election. The problem I have here, though, is which one to bet on. I really think Obama’s going to win, so I’d like to cash in on that…but on the other hand I am wondering if I should hedge my bets on McCain. If he wins, my life’s going to get worse and my money’s going to be worth less, so maybe I should throw a bunch of money to bet on him, so at least if he wins I’ll have some extra cash to offset what I’ll essentially be losing in his presidency.
September 12th, 2008 13:37
Did you invest? Might want to consider the dump Biden stock…a real riser there! He is gone…still can’t figure out why they chose him. He will drop out for some reason and Hillary will be in. They will have to do something.
On a side note, this intrade stuff might be all bull since we all know that conservatives/Republicans have more money than liberal/Democrats so they could sway the trend…right?
September 19th, 2008 11:58
I think it’s really great how you shy away from broad and incorrect general assumptions.
September 19th, 2008 22:26
My general assumptions or spinn’s?
I am just parroting the common wisdom (which has its own issues).