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Universities have a government sanctioned betting platform
Posted on: July 29, 2016 at 11:32:46 CT
JeffB MU
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https://www.predictit.org/Browse/Group/67/National
Prices are what one would pay to get a $1 per "share" payoff if you are correct. It is essentially a percent probability for the outcomes. These "shares" can be bought or sold on their open market at any time to any willing buyer. One could buy a "yes" or a "no" share on any of the outcomes and could then sell one or more shares later, at a profit or a loss depending upon how the process has moved in the meantime.
Edited by JeffB at 11:36:00 on 07/29/16
Prices are what one would pay to get a $1 per "share" payoff if you are correct. It is essentially a percent probability for the outcomes. These "shares" can be bought or sold on their open market at any time to any willing buyer. One could buy a "yes" or a "no" share on any of the outcomes and could then sell one or more shares later, at a profit or a loss depending upon how the process has moved in the meantime.
Democratic 67¢ Republican 36¢
Edited by JeffB at 11:36:00 on 07/29/16
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Universities have a government sanctioned betting platform - JeffB MU - 7/29 11:32:46