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Wanna Bet?
Bart Hinkle
October 07, 2008 12:05 PM

The Iowa Electronic Markets have a better predictive history than political polls do. Lately traders have been selling John McCain short, in a manner of speaking:

Prices for Republican presidential candidate John McCain tumbled more than 10 percent in trading on the Iowa Electronic Markets over the weekend, so traders now believe he has less than a one-third chance of winning the popular vote.

At 9 a.m. Central Time Monday, the price of a McCain contract on the IEM’s Winner Take All market was 32.7 cents. That means traders on the political prediction futures market operated by the University of Iowa’s Tippie College of Business believe McCain has a 32.7 percent probability of winning the popular vote in November.

Anyone who harbors the sincere conviction that McCain will win on Nov. 4 could make a killing—presuming, of course, that his prediction proves correct.

P.S.—price history here.


Reader Comments:

It does not matter where or how NObama gets his votes because his is the righteous cause! His victory will probably be 60-40% over McCain. None of the polls indicate that there is any movement towards McCain. It is towards the messiah and disciples Biden, Reid, Pelosi, Kennedy, Schummer, Wright, Ayers, Sharpton, Jackson, Bayh, Frank, and Deval Patrick.

Posted by on 10/07 at 06:54 PM

Yup.  And the Obama campaign is rounding up their voter base - from soup kitchens, drug rehabs, and convicted felons.

http://www.nypost.com/seven/10062008/news/nationalnews/homeless_driven_to_vote_obama_132395.htm

Posted by Bill on 10/07 at 06:10 PM

Bill,

Of course I know who’s gonna win. I know right now.

I didn’t become a member of the vast Right Wing conspiracy for the party scene after all.

BTW…I may need some help the night before the election. Stuffing ballot boxes, changing road signs..putting “help wanted” signs up at polling places to scare away democrats…hanging shiney objects in trees to distract Obammunists…stuff like that.

I just hope we have the hurricane generator working by then.

On a serious note…Nevada authorities have just raided the left wing ACORN offices in Nevada…more vote fraud. What’s that make it now? Ohio, Washington State, Michigan, Missouri…?

Change.

Posted by R.Smith on 10/07 at 02:30 PM

Hey Roger!  If you know who wins on Nov. 3, you can make a killing!!  What a scoop!

The rest of us won’t know until the evening of Nov. 4 at the earliest.

heheheh…

Posted by Bill on 10/07 at 01:15 PM

Trying to predict the winner with 3 weeks left is stupid.

Polls are already starting to tighten back up. And they’re still very unstable.

We won’t know who wins until Nov. 3rd. Then it will be time to praise the restoration of the Nation or make up stories about voter disenfranchisement ect..

You know the routine.

Posted by R.Smith on 10/07 at 12:25 PM

Frank Fahrenkopf is the nation’s leading gambling lobbyist; he is the president of the American Gaming Association. He is also the co-chair of this private corporation called the Commission on Presidential Debates.

http://www.democracynow.org/2008/10/2/no_debate_how_the_republican_and

Posted by on 10/07 at 12:19 PM

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