We get it - people are tired of seeing news about the election. They're either too tired from doing the Trump dance or too emotionally drained from filming themselves crying and shaving their head. However, there is still so much to dissect from the Tuesday prior. Namely, how did online gamblers know what political pundits didn't?
In the days leading up to the election, pollsters forecasted one of the closest races in political history. They said it was essentially a coin flip. However, on the betting platforms, the odds were much more solid in the former President's favor. On Monday, Trump led his rival Kamala by 16 points. A lead that would later prove to be much more accurate.
So, how did bettors know this so well? The basic theory behind prediction markets is that a lot of people with cash on the line can better predict an outcome than a single expert because people hate losing money. There is no pointless pandering or virtue-signaling, when you place a bet down you are removing emotion in the pursuit of a win. Prediction markets are looking at how bets are falling on a variety of topics to generate a probable percentage for any event, such as Travis Kelce and Taylor Swift breaking up before the end of the year (12% likely).
Sorry, we probably won't get to listen to any break-up bangers next year, but at least Chiefs games will continue to be annoying to watch. And you'll have the solace in knowing that when you choose to gamble online, you're part of a group that is smarter and more accurate than the highest-paid election pundits. So fire up your accounts on popular online casinos like Sugar Shack, Fiesta Jackpot and Caliente Casino today.
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