GOP establishment thinks Mitt Romney will lose to Obama

Discussion in 'Politics' started by AK Forty Seven, Apr 6, 2012.

  1. G-Unit

    G-Unit

    I noticed that on intrade but it seems like a stock share thing. Where he is at 60% favored so his stock is $6.00 and I suppose $10 is 100%? Not exactly sure how it works but could you explain it better if you've done it? Looks like a sure thing barring a catastrophe.
     
    #21     Apr 8, 2012
  2. Currently Obama is at 60 %.


    1 share would cost you 6 dollars.If Obama wins it closes at 10 dollars a share .You would get back 10 dollars,the 6 put at risk to make the bet and a 4 dollar profit.

    If Obama loses you would lose the 6 dollars you put up to make the bet

    I think it will pullback to 55 or maybe even 50 before the election thats when I getting in
     
    #22     Apr 8, 2012
  3. Yeah but the ET genius's think Joe Scarbourgh is an idiot.
     
    #23     Apr 8, 2012