Sarah Palin’s Odds

By anamariecox | September 2, 2008 | +

These markets are notoriously conservative (apparently liberals only gamble with foreign policy, not markets!), but, still, worth following:

It started this morning has been steadily rising.

Explanation, from Intrade:

Last Price: 12.7
What does this mean?
12.7 means the market predicts there is a 12.7% chance that [Sarah Palin withdraws her nomination] happens.
If you think is [MORE likely than 12.7% that she will withdraw] you should BUY
If you think it is [LESS like than 12.7% that she will withdraw] you should SELL
All markets trade between 0 ($0.0) and 100 ($10).
12.7 = $1.27

Related Topics: Uncategorized

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