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26
Betting odds are useless. Seems ABC and swift shenanigans just backfired (twitter.com)
posted 8 months ago by LeRiverDanube 8 months ago by LeRiverDanube +30 / -4
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▲ 9 ▼
– dagthegnome 9 points 8 months ago +10 / -1

The betting odds are a much better indicator of the national mood than any "opinion poll." Right now, the spin is on full steam ahead trying to give Kamala a boost, and speculators are overreacting and moving their money around. It will settle back down in Trump's favor in another few days after people have had enough time to digest and recognize that just because this wasn't another Biden debate, that doesn't mean he lost.

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▲ 5 ▼
– ElmoHassel 5 points 8 months ago +5 / -0

It will settle back down in Trump's favor in another few days after people have had enough time to digest

100%

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▲ 4 ▼
– SR388-SAX 4 points 8 months ago +4 / -0

Why would we trust betting odds? Stock prices can be manipulated, commodity prices can be manipulated, polls can be manipulated. Everything can be manipulated by people with obscene amounts of money.

Maybe at one point "betting odds" were a good indicator, but as soon as people start noticing that they're a good indicator, the same people who manipulate everything else to create their false reality will manipulate those too.

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▲ 2 ▼
– ernsithe 2 points 8 months ago +2 / -0

People seem to be forgetting something: if the odds are actually even, you bet on Kamala as a hedge:

Trump wins: All your other investments go up, you win if you bet or not.
Kamala wins: US economy tanks, any gambling winnings work in opposition to your other losses.

So she should always have a bit of an artificial boost in the betting odds.

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▲ 1 ▼
– LeRiverDanube [S] 1 point 8 months ago +1 / -0

did you just contradict yourself?

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▲ 10 ▼
– dagthegnome 10 points 8 months ago +10 / -0

No. Right now the media is working overtime trying to spin the debate as a Kamala victory, and the Dems and normies are lapping it up. There's a bunch of blackpilling on the pro-Trump side because people who spend too much time on fucking Twitter had convinced themselves that Trump would massacre her and are disappointed that that didn't happen. The betting odds are reflecting that.

It will take a few days for the media spin to falter and for people on our side to calm down and take a more sober analysis, which I believe is that Trump actually did pretty well. The betting odds will reflect that as well. Spread-betting is just as reactive as the actual stock market. Prone to momentary shocks, but on a longer term much more reflective of the real state of affairs.

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▲ 1 ▼
– LeRiverDanube [S] 1 point 8 months ago +1 / -0

ah ok.

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