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Obama Contract Slides On InTrade

Posted By admin On October 4, 2012 @ 2:44 am In U.S. News | Comments Disabled

Zero Hedge [1]
Oct 4, 2012

The habitual gamblers who have a compulsion to bet all the time 24/7 on event outcomes have already spoken via their favorite venue InTrade, and the initial reaction is not favorable for the incumbent. Having traded over 70 for nearly two weeks, the “Obama for president” contract flash crashed below 70 promptly for the first time in many days, and hasĀ slid 8% in the past few minutes [2]. Naturally, the contract has quite a bit to go until parity. On the other hand it does bear remembering that when it comes to predictive capacity InTrade odds are notoriously bad: just recall the Obamacare gamble when virtually everyone on InTrade was certain it would not pass. All that said, at least according to InTrade it appears that the first presidential debate has not gone quite as the current president might have planned.

Obama Contract Slides On InTrade Obama%20intrade 1 0 [3]

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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2012-10-03/obama-contract-slides-intrade

[2] slid 8% in the past few minutes: http://www.intrade.com/v4/markets/contract/?contractId=743474

[3] Image: http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/09-2/Obama%20intrade_1.jpg

[4] InTrade Odds On Euro Collapse By End Of 2012 Now At 50%: http://www.prisonplanet.com/intrade-odds-on-euro-collapse-by-end-of-2012-now-at-50.html

[5] Odds Of Debt Ceiling/Fiscal Cliff Deal By Year End Plummet To 16% On InTrade: http://www.prisonplanet.com/odds-of-debt-ceilingfiscal-cliff-deal-by-year-end-plummet-to-16-on-intrade.html

[6] Intrade Now Pricing Greater Than 50% Chance Obama Will Not Be Reelected; And Observations On The Political Costs Of War: http://www.prisonplanet.com/intrade-now-pricing-greater-than-50-chance-obama-will-not-be-reelected-and-observations-on-the-political-costs-of-war.html

[7] InTrade Odds Of Deal By December 31 Plunge To 2.2%: http://www.prisonplanet.com/intrade-odds-of-deal-by-december-31-plunge-to-2-2.html

[8] Intrade shuts out American bettors: http://www.prisonplanet.com/intrade-shuts-out-american-bettors.html

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