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And yet 3 weeks ago, a bet on Harris would have paid half as much as a bet on biden. That was well before even biden announced he was stopping. People's money says something.
Holy shit am I really reading an argument about using bets to forecast an election?
The part of my brain doing math just spontaneously combusted.
Well, it isn't fool proof, but somehow, most major prediction markets were saying a harris win was twice as likely as a biden win almost a month ago. If you were asked a month ago who was more likely to win in 2024, would you have said biden or Harris? Probably biden, right? So maybe there is something to them. It's just an interesting thing. You don't have to think they are 100%, the world is never that absolute.
Huh. That must have been the part that could apply base logic.
With a straight face, you say if someone bets on something it's inherently more true. Betting. An entire industry powered by the mathematical fact that most betters lose. enjoy Putin's smegma
Prediction markets. Google it. Check out their successes. Nothing is 100%. The prediction markets have been saying for almost a month th that Harris as president is twice as likely as Biden. Think about it.
The concept of betting depends on the fact that most betters lose. So yeah I'd say that's a lot worse than "100%"
You just haven't learned about prediction markets yet. You're picturing Vegas, where everyone bets against the house and has to take horrible bets. Prediction markets change based on the bets of others. There have been countless scientific studies demonstrating their incredible ability to predict future events. The vast majority of them have basically been announcing bidens announcement for nearly a month prior to it happening.
Ah yes, betting is suddenly mostly winners somehow if you change the context lol