return2ozma@lemmy.world to politics @lemmy.world · 2 months agoGambling on 'vibes' — the betting markets are getting the election all wrongthehill.comexternal-linkmessage-square11fedilinkarrow-up150arrow-down133
arrow-up117arrow-down1external-linkGambling on 'vibes' — the betting markets are getting the election all wrongthehill.comreturn2ozma@lemmy.world to politics @lemmy.world · 2 months agomessage-square11fedilink
minus-squareℍ𝕂-𝟞𝟝@sopuli.xyzlinkfedilinkEnglisharrow-up15·2 months agoYou don’t necessarily get common sense with money, especially if you are very wealthy.
minus-squareFunderpants @lemmy.calinkfedilinkarrow-up5·2 months 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-up5·2 months agoAlso betting on who you think will win, doesn’t always match with who you’re voting for.
minus-squareGiddyGap@lemm.eelinkfedilinkarrow-up2·2 months 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.