this post was submitted on 17 Oct 2024
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Who's winning POTUS? Will it be called on election night or drawn out? Congress? Etc

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[โ€“] [email protected] 8 points 2 months ago* (last edited 2 months ago) (3 children)

The current betting odds aggregations have trump at 58%, harris at 41%

https://www.realclearpolling.com/betting-odds/2024/president

[โ€“] [email protected] 10 points 2 months ago (2 children)

Well that's disheartening. Can't believe that many people prefer a racist con man to a competent woman.

[โ€“] [email protected] 7 points 2 months ago (2 children)

Betting markets don't really have any predictive value. It's all vibes.

[โ€“] [email protected] 1 points 2 months ago

I wouldn't rely on them for predictions, but I do think they can be a reasonable proxy for people's beliefs and/or assumptions. And I would say they at least loosely track the truth..

NBA betting is not perfectly predictive, but there's a reason the Celtics are at the top and the Pistons are at the bottom.

[โ€“] [email protected] -1 points 2 months ago

This page has some background, but historically they've always beat polling and any other prediction algorithms as long as they've been around.

[โ€“] [email protected] 6 points 2 months ago (1 children)

A 34 time convicted felon child rapist pussy grabber racist con man

[โ€“] [email protected] 3 points 2 months ago* (last edited 2 months ago)

You could keep adding to that.

People are big mad and think electing a brain-damaged version of Mussolini makes some kind of point.

[โ€“] [email protected] 4 points 2 months ago (1 children)

Wikipedia lists Real Clear Politics as having become more conservative and right leaning in recent years. Their polls may not be as accurate.

[โ€“] [email protected] 6 points 2 months ago

That's not a poll. It's an aggregate / average of betting markets.

[โ€“] [email protected] 2 points 2 months ago* (last edited 2 months ago) (2 children)

Maybe I'm crazy, but I feel like gamblers have a heavy right lean.

Edit - Oops: https://midwest.social/post/18205923?scrollToComments=true

[โ€“] [email protected] 3 points 2 months ago* (last edited 2 months ago)

You're not wrong, it's because leftists are generally more critical of gambling.

[โ€“] [email protected] 1 points 2 months ago

Gamblers don't always get it right, but this page has some interesting history: https://electionbettingodds.com/about.html

Gamblers, polls, and the NYT's most sophisticated prediction algorithms all got it very wrong in 2016, and severely overestimating hillary and underestimating trump. But of those three, the prediction markets were the least wrong.