My Hunch has been Betting Markets are more reliable...... My Hunch has been Betting Markets are more reliable...... - Talk of The Villages Florida

My Hunch has been Betting Markets are more reliable......

 
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  #1  
Old 05-31-2016, 04:32 PM
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Default My Hunch has been Betting Markets are more reliable......

“Betting markets are much more accurate historically than polls,” he said. “There is a lot of money at stake, so the bookmakers carefully select which polls are worth looking at and which ones have a political bias. The Rasmussen polls have a consistent 2% Republican bias, but you don’t need to discard them, just factor the bias in. Other polls are so feeble that it’s akin to wildly throwing darts and hoping one hit the bull’s eye.”

The bettors themselves also influence the odds. Experts who are more likely to make correct predictions tend to stake the largest sums. The bookmakers know to ‘follow the money’ and pay attention to these punters when they set the odds.

Betting Markets ‘Trump’ the Polls when it comes to Presidential Forecasting | Economy Watch
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Old 05-31-2016, 04:39 PM
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"Polls" are BS propaganda mills. Most is just made up BS.

"We called some people and this is what they said/want/whatever."

As hokey as the unemployment numbers...they "randomly (using a system)" call 40,000 households and ask them questions.

Anybody know anybody that has ever gotten a call from the feds asking about employment? Me neither. The unemployment numbers are propaganda.
 

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polls, bias, odds, stake, bookmakers


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