• AIhasUse@lemmy.world
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      4 months ago

      And yet 3 weeks ago, a bet on Harris would have paid half as much as a bet on biden. That was well before even biden announced he was stopping. People’s money says something.

      • Magnor@lemmy.magnor.ovh
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        4 months ago

        Holy shit am I really reading an argument about using bets to forecast an election?

        The part of my brain doing math just spontaneously combusted.

        • AIhasUse@lemmy.world
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          4 months ago

          Well, it isn’t fool proof, but somehow, most major prediction markets were saying a harris win was twice as likely as a biden win almost a month ago. If you were asked a month ago who was more likely to win in 2024, would you have said biden or Harris? Probably biden, right? So maybe there is something to them. It’s just an interesting thing. You don’t have to think they are 100%, the world is never that absolute.

      • TrickDacy@lemmy.world
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        4 months ago

        With a straight face, you say if someone bets on something it’s inherently more true. Betting. An entire industry powered by the mathematical fact that most betters lose. enjoy Putin’s smegma

        • AIhasUse@lemmy.world
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          4 months ago

          Prediction markets. Google it. Check out their successes. Nothing is 100%. The prediction markets have been saying for almost a month th that Harris as president is twice as likely as Biden. Think about it.

          • TrickDacy@lemmy.world
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            4 months ago

            The concept of betting depends on the fact that most betters lose. So yeah I’d say that’s a lot worse than “100%”

            • AIhasUse@lemmy.world
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              4 months ago

              You just haven’t learned about prediction markets yet. You’re picturing Vegas, where everyone bets against the house and has to take horrible bets. Prediction markets change based on the bets of others. There have been countless scientific studies demonstrating their incredible ability to predict future events. The vast majority of them have basically been announcing bidens announcement for nearly a month prior to it happening.

                • AIhasUse@lemmy.world
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                  4 months ago

                  Nope. You’re still not understanding. Betting isn’t mostly winners. It actually comes down at about 50/50 if measured by value and in a fair market. You really just don’t know about this topic. Don’t let that stop you from being condescending, though. It’s kinda sweet in a puppy barking at a truck kinda way.

                  • Ensign_Crab@lemmy.world
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                    4 months ago

                    Don’t let that stop you from being condescending, though.

                    There is nothing that will ever stop them from being condescending.

                  • TrickDacy@lemmy.world
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                    4 months ago

                    Your point: hey everyone place your blind faith in another imperfect system.

                    My point: no that’s dumb just vote

                    You win though