return2ozma@lemmy.world to politics @lemmy.world · 15 days agoGambling on 'vibes' — the betting markets are getting the election all wrongthehill.comexternal-linkmessage-square11fedilinkarrow-up149arrow-down132cross-posted to: [email protected]
arrow-up117arrow-down1external-linkGambling on 'vibes' — the betting markets are getting the election all wrongthehill.comreturn2ozma@lemmy.world to politics @lemmy.world · 15 days agomessage-square11fedilinkcross-posted to: [email protected]
minus-squareℍ𝕂-𝟞𝟝@sopuli.xyzlinkfedilinkEnglisharrow-up13·15 days agoYou don’t necessarily get common sense with money, especially if you are very wealthy.
minus-squareFunderpants @lemmy.calinkfedilinkarrow-up5·15 days agoBetting markets can be swayed easily by wealth, sure. Another bias is that they’re overwhelmingly frequented by young men.
minus-squareSilentStorms@lemmy.dbzer0.comlinkfedilinkarrow-up5·15 days agoAlso betting on who you think will win, doesn’t always match with who you’re voting for.
minus-squareGiddyGap@lemm.eelinkfedilinkarrow-up1·13 days agoDefinitely. Especially when you also know that the betting markets had Hillary Clinton at 82 percent odds of winning the day before the election and 90 percent odds of UK voters rejecting Brexit. That’s obviously not what happened.
You don’t necessarily get common sense with money, especially if you are very wealthy.
Betting markets can be swayed easily by wealth, sure. Another bias is that they’re overwhelmingly frequented by young men.
Also betting on who you think will win, doesn’t always match with who you’re voting for.
Definitely. Especially when you also know that the betting markets had Hillary Clinton at 82 percent odds of winning the day before the election and 90 percent odds of UK voters rejecting Brexit. That’s obviously not what happened.