Skip to comments.Romney is trading sporadically above 40 on Intrade with light volume
Posted on 10/22/2012 12:52:52 PM PDT by RoosterRedux
I set the Intrade alarm to notify me when he trades above 40 and it is interesting to note that 90 lots traded at 40.9. Most volume is very light however.
Just noticed that Obama has started trading below 60.
Could some Romney supporters really make much money considering their confidence in victory? Sorry, but I have been skeptical about this. Maybe I do not understand it well enough. Be assured I will not get involved in intrade.
I get the impression that Intrade investors in general are more left-leaning and more trusting of the MSM narrative than are we FReepers.
I think folks there are holding their breaths in anticipation of tonight’s debate, Obama’s last best chance to stop and reverse his slide into oblivion.
If Obama does poorly, and especially if Romney lights him up as we all believe he should, the fire sale on Obama futures will begin and the price for Romney predictions will start climbing steadily.
Well, at this point you could still make almost $6000 on a $4,000 bet if Romney wins (I have thought about taking the plunge).
Americans can’t trade on intrade.
The polls have got these guys really screwed up. They aren’t so sure anymore that the Kenyan guy is going to win.
I heard this morning that Americans still can (might be wrong of course) because Intrade doesn’t cover sports.
A few weeks ago contracts that will pay $10 on Nov. 7th if Romney wins the election were available in size for less than $2.50 each.
Thus a person could have invested $250 at the end of September and cashed out for $1000, or 300% profit, after six weeks, again if Romney wins.
You can decide for yourself whether that constitutes “much money”.
Not true. I know this for a fact.
Intrade,,,,hasn’t been useful in a long time....It can and is being gamed
Intrade also runs a Electoral College map.
Americans cannot legally gamble on Intrade. It is mostly used by Europeans, who are heavily swayed by MSM reporting and polling.
The Intrade forum says that, so far, Americans are trading on it (82,000 Intrade account holders are American).
It depends on what you mean by "useful".
Some people think that wealthy leftist investors deliberately "game" Intrade by executing trades that they know undervalue the likelihood of wins by more conservative candidates, and that therefore the Intrade odds are not useful as predictors of election outcomes.
It seems to me that any conservative who genuinely believes this to be the case, and who wants to pocket some easy money, can just go on Intrade and take the other side of those leftist investors' politically-motivated trades.
Why? I’m actually authorized to trade there but never deposited any money with them.
United States citizens can send a personal check to intrade to load up their account, and then wager on current event happenings. However since it takes almost a week for the check to get there, and another close to 10 days for your personal check to clear, a cashier’s check is faster. But they only accept a max of $500 on a cashier’s check. To make a quick steal on Intrade.com , therefore, you need to have your account already set up and loaded.
They will not take a United States based credit card though, due to 2010 banking regulations.
An example of this is how we bought into positions of “Romney to win” when the price was $22 / $78— back several weeks ago in late September before the first debate. Then when the price shot up quickly over $33 to $35, we cashed out —making over 50% on our bet in a little over a week!!
The price has pretty much held steady since then at about $39/ $61
Another fun thing, is if you have an account at intrade, you can talk smack on intrade’s forum at/to the leftwingnuts who are invested in the opposite positions, and spike the football after you’ve won. That’s not looked at as being a “good winner”, but anyway, it is fun to take their money, and rub their noses in it.
Update...50 lots were just traded for Romney at 41.9.