Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Obama ‘shares’ trade red hot on election eve

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

AFP
Tuesday, Nov 4, 2008

Wall Street may be a mess, but in the final hours before Tuesday’s US election one share just keeps rising: Barack Obama.

Stock market-style betting systems are trading Obama and his Republican rival John McCain like any other commodity — minus all the turbulence.

Intrade.com, one of the world’s biggest prediction markets, quotes Obama at 91.2 percent likely to win and McCain at 9.4 percent, with the spread widening by the hour.

That means a profit of less than nine cents per dollar invested on an Obama win and a whopping 90.6 cents in case of a McCain upset.

(Article continues below)

Obama shares trade red hot on election eve  161008pptv3

Another, the Iowa Electronic Markets, predicts Obama 91.5 percent likely to get in and McCain 8.6 percent.

  • A d v e r t i s e m e n t

Political futures trading doesn’t get the attention given to opinion polls.

Yet bookies say their predictions, based on cold money instead of heated politics, are often more accurate.

“When someone bets, they are backing it up with what’s coming out of their wallets. So it’s not only an emotional investment, but a financial investment,” said Ken Robertson at Paddy Power, Ireland’s biggest bookmaker.

“That’s better than basically standing in the street and asking people questions,” he told AFP.

Full article here

This article was posted: Tuesday, November 4, 2008 at 5:48 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
The Truth About U.S. Air Strikes on Syria With Syrian Girl See the rest on the Alex Jones YouTube channel.

Mysterious Georgia Guidestones Get Strange '2014' Update See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.