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Sunday, September 2, 2012

Intrade Gamblers Beat the Pollsters and Pundits in 2008 and Has Obama Comfortably Ahead in 2012

In 2008, the professional election pundits and pollsters contemptuously thumbed their noses at Intrade, the online gambling site. It was inconceivable that ordinary bettors could possibly best America's most astute and brilliant election pundits and pollsters. But in the end it was the Intrade gamblers had the last laugh in 2008. The Intrade gamblers got closer than anybody on their calls and by a wide margin. They predicted that Obama would win with 364 electoral votes. Obama won with 365 electoral votes to McCain's 173....

Fast forward to 2012. Right now Intrade gamblers are giving Obama a 57.1% probability of winning in November to Romneys' 42.5%. Obama isn't quite as strong as he was in 2008 but the Man of Change who didn't change a damn thing is still comfortably ahead even through he will lose some of the red to purple states that he managed to flip to blue in 2008.
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Judy Morris,
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