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oramit | 2 years ago

The 2020 elections were such a shitshow on PredictIt. So many trades were skewed by partisan bias that it was shockingly easy to make money. My favorite trade that year was for some reason the "market" was pricing in a lower turnout in 2020 vs 2016. I grabbed a strip of the over bets at big discounts. I still to this day don't understand what people were thinking with their bets there. A hugely contested election during a pandemic when there was nothing else to do, of course there was going to be huge turnout!

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rspeele|2 years ago

I really enjoyed the market "Will either Biden or Trump concede within 2 weeks of the election?"

As I recall "no concession" was priced at like 40c, at the same time that Biden winning the election was priced at something like 55c-60c. I was pretty sure Trump was not going to concede, period, so this was just a substantially cheaper version of betting "Biden wins". And as it turned out, it also had the advantage that it closed much, much sooner than the actual election market -- thus freeing up my funds to go into those other markets that hung at 85c or so till December.

silisili|2 years ago

I think 2016 was easier wrt odds, because few thought Trump had any real chance.

I made pretty good money just betting on him to win PA and FL.