Is Intrade legit?

I know they are legit, but their bets are too hard for me to predict. Obama versus Romney, 50-50. How do you bet this with positive expectancy???? its a casino!!!!

 

Soros bet $8MM on intrade prior to the last election, so I suppose they're legit.

 

No, it's a market in which you are allowed to provide liquidity. At a casino, you cannot add liquidity. HUGE difference.

 

Intrade is a binary option market. You make 100 or 0. Of course you can sell/buy your shares back before the event.

It's a true market, in which the bids and offers are actually customer orders. There are no main MM's per se....the customers are.

 

I use Intrade, it's allot of fun. The best part is you can show a verlierer who was at your college 8 years ago that you spent $10,000 betting someone would win an election.

 

odumbo is at 65% :eek:

 

Chart:

 

I should have went long at 5.65 when I posted.

Now with QE3 and Romney bumbling around, the odds are pretty much a lock for an Obama win.

 

If it a "lock", go lay down for 65%.

This thing is much closer than intrade thinks. Rasmussen has Romeny back on top today, after odumbo bump from the DNC.

http://www.rasmussenreports.com/pub...ministration/daily_presidential_tracking_poll

 

Rasmussen often had McCain ahead or tied when most of the other polls had Obama winning