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Intrade's betting on Obama (paid out $650,000 already-Obama win)
Cnn.com ^

Posted on 11/06/2012 11:21:03 AM PST by listenhillary

The race to the White House is neck-and-neck, according to the polls. But in the world of gambling and prediction markets, the outcome of Tuesday's election is plain as day.

President Obama has a 71.5% chance of winning the U.S. presidential election, according to Intrade, a website where users place bets on everything from politics to Academy Award winners.

That gives Republican challenger Mitt Romney a 28.5% chance of winning.

If you don't like those odds, Irish bookmaker Paddy Power said Monday that it was already paying out bets that Obama would win, a day before voters went to the polls.

(Excerpt) Read more at buzz.money.cnn.com ...


TOPICS: Extended News; Foreign Affairs; News/Current Events; Politics/Elections
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Interesting. Will they ask for their money back after they have paid it out?
1 posted on 11/06/2012 11:21:05 AM PST by listenhillary
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To: listenhillary

see where INTRADE is at 10pm tonight


2 posted on 11/06/2012 11:24:23 AM PST by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: listenhillary

they Must KNOW S O M E T H I N G !!!!


3 posted on 11/06/2012 11:24:54 AM PST by stevecmd
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To: Doogle

Does anyone know Intrade’s success rate on these things?


4 posted on 11/06/2012 11:25:45 AM PST by Heavyrunner (Socialize this.)
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To: listenhillary

Some things are most notable for what they leave out. Left out in this “article” is any information as to who is placing these bets. What I read is that they are largely placed by Europeans who use the MSM for their political information.

CNN wouldn’t know balance if it came up and slapped them in the face.


5 posted on 11/06/2012 11:26:08 AM PST by OldPossum
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To: listenhillary

There’s not a bookmaker in the world that pays out before the event.


6 posted on 11/06/2012 11:26:17 AM PST by discostu (Not a part of anyone's well oiled machine.)
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To: Doogle

I predict they’ll be renaming the place INDEBT, after they pay off the Romney backers.

Any place that does this, is way way way too tweaked for me to trust.


7 posted on 11/06/2012 11:26:44 AM PST by DoughtyOne (Oh oh oh... ooooh ooooh. Oh oh oh... ooooh ooooh. Oh oh oh... ooooh ooooh. Yes Toto, it's over!)
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To: listenhillary

Intrade is a fraud if they pay out before the election

I hope no FReeper put any money into that scam


8 posted on 11/06/2012 11:26:58 AM PST by GeronL (http://asspos.blogspot.com)
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To: listenhillary

I have heard horror stories from Ohio. FReepers will be stunned at the lengths to which Obama has gone to steal the election. MASSIVE fraud going on out there, especially in early voting.


9 posted on 11/06/2012 11:27:37 AM PST by montag813
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To: DoughtyOne

This was probably a scam to steal money from Republicans and give it to Democrats from the start


10 posted on 11/06/2012 11:28:21 AM PST by GeronL (http://asspos.blogspot.com)
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To: GeronL

Most Polls have it dead even and they are pauing out ? LOL


11 posted on 11/06/2012 11:28:22 AM PST by scooby321 (AMS)
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To: stevecmd
they Must KNOW S O M E T H I N G !!!!

Former DNC Chair Howard Dean: The Only Way We Lose Is Through Fraud...

Doesn't loopie Howard have that backassward?
12 posted on 11/06/2012 11:28:22 AM PST by Cheerio (Barry Hussein Soetoro-0bama=The Complete Destruction of American Capitalism)
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To: GeronL

Most Polls have it dead even and they are paying out ? LOL


13 posted on 11/06/2012 11:28:36 AM PST by scooby321 (AMS)
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To: GeronL

You can’t use it if you are in the USA? I think that is the case.


14 posted on 11/06/2012 11:28:38 AM PST by listenhillary (Courts, law enforcement, roads and national defense should be the extent of government)
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To: listenhillary

Given that Intrade is European-based, has mostly European clients and it’s illegal to pay into Intrade using a debit or credit card issued by a US-based bank, I’d say those posting Intrade threads as some sort of bellweather should be flogged.

Present company excepted.

That said, it’s not uncommon at all for bookies, especially in the United Kingdom, to pay out early on bets.


15 posted on 11/06/2012 11:30:31 AM PST by Colonel_Flagg ("Don't be afraid to see what you see." -- Ronald Reagan)
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To: listenhillary

I think if you have a foreign bank account or something, I am sure there are ways


16 posted on 11/06/2012 11:30:31 AM PST by GeronL (http://asspos.blogspot.com)
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To: listenhillary

Considering all the voter fraud stories I’m reading, including the latest on Drudge of Obama murals at polling places and considering the GOP does nothing as usual, I won’t be surprised in the least if the admitted foreign national from Kenya is unconstitutionally elected again.


17 posted on 11/06/2012 11:30:39 AM PST by GrandJediMasterYoda (Someday our schools we will teach the difference between "lose" and "loose")
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To: stevecmd
they Must KNOW S O M E T H I N G !!!!

Aah yes-
The NEW Pentaverate: The Queen, the Rothchilds, the Gettys, the Vatican, and INTRADE replaced Colonel Sanders.
18 posted on 11/06/2012 11:31:56 AM PST by brent13a
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To: listenhillary
I think something fishy is going on here, not pertaining to the election. Somebody is making big money on an event that hasn't happened yet, I smell a MASSIVE fraud scheme.

Me thinks some eastern european money-hustler is laughing all the way to the bank as we speak.

19 posted on 11/06/2012 11:32:57 AM PST by Wyrd bi ful ard
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To: listenhillary
Intrade is European. It's headquarters are located in Ireland.
The socialist Europeans favor NOboma, of course. I believe it's wishful thinking and a false belief Americans feel the same way about NObama as they do.
20 posted on 11/06/2012 11:33:43 AM PST by concerned about politics ("Get thee behind me, Liberal")
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