Last edited by Felya; 2020-12-05 at 01:27 PM.
Folly and fakery have always been with us... but it has never before been as dangerous as it is now, never in history have we been able to afford it less. - Isaac Asimov
Every damn thing you do in this life, you pay for. - Edith Piaf
The party told you to reject the evidence of your eyes and ears. It was their final, most essential command. - Orwell
No amount of belief makes something a fact. - James Randi
Yes I had six figures on a Trump win which I hedged on election night when he went ahead, making a small fortune. As most intelligent people did-JP Morgan came out with a report months before the election predicting exactly what happened with the voting distribution. Maybe listen more and talk less. It is actually 25 years btw.
Btw What are your expert credentials exactly?
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You left out the part about the Republican's having this crazy obsession with unaffordable military expenditure and multiple wars, as well as a tendency to dramatically increase social inequality while taking backhanders from Wall St. And do weird rapey stuff with various women yet never seem to go to jail. And being systemically corrupt. You know why you left those things out? Because the corporate democrats do the exact same shit.
(Cue posts of the "you must be a Trump supporter because you think the democrats are almost as bad" variety)
Last edited by sandstill; 2020-12-05 at 01:44 PM.
Folly and fakery have always been with us... but it has never before been as dangerous as it is now, never in history have we been able to afford it less. - Isaac Asimov
Every damn thing you do in this life, you pay for. - Edith Piaf
The party told you to reject the evidence of your eyes and ears. It was their final, most essential command. - Orwell
No amount of belief makes something a fact. - James Randi
Hedging a bet for the same outcome you initially bet on, is called doubling down. He just claimed, without realizing it, that he doubled down on Trump, when he saw Trump lead on Election Day... to make a fortune... How do you make a fortune on Trump winning, when he lost?
Edit: For him to make money while hedging a bet on Trump, is to bet on Biden... You don’t hedge, by doubling down... those have opposite meanings... lol
Last edited by Felya; 2020-12-05 at 01:59 PM.
Folly and fakery have always been with us... but it has never before been as dangerous as it is now, never in history have we been able to afford it less. - Isaac Asimov
Every damn thing you do in this life, you pay for. - Edith Piaf
The party told you to reject the evidence of your eyes and ears. It was their final, most essential command. - Orwell
No amount of belief makes something a fact. - James Randi
OK let me explain how gambling works Jonny. You assign a relative probability to something based on your subjective judgement and you multiply by the payout. If you have a positive expectation its a good bet. It doesn't matter whether you win or lose in the short term, your long run results will converge on the expected result.
Professional gamblers/traders make many losing bets but they win more on average than they lose.
Clearly in this case the value bet was on Trump, the polls massively understated his vote share.
It is amusing that you think those who lost money betting on the value proposition are worthy of ridicule when their judgement was essentially vindicated regardless of the actual result. The thing I could be criticized for is closing out the bet since it is more questionable whether Biden was a value proposition, but you are completely clueless about the whole issue so you missed that opportunity.
Folly and fakery have always been with us... but it has never before been as dangerous as it is now, never in history have we been able to afford it less. - Isaac Asimov
Every damn thing you do in this life, you pay for. - Edith Piaf
The party told you to reject the evidence of your eyes and ears. It was their final, most essential command. - Orwell
No amount of belief makes something a fact. - James Randi
It is not difficult to understand. You bet Trump pre-election. Then you bet Biden when Trump pulls ahead, locking in a profit whatever happens.
That Trump would pull ahead was widely predicted in the media. I think Jonny is just sore he missed the betting opportunity of a lifetime. This wasn't even that difficult to figure out like the 2016 bias with Trump voters was.
Folly and fakery have always been with us... but it has never before been as dangerous as it is now, never in history have we been able to afford it less. - Isaac Asimov
Every damn thing you do in this life, you pay for. - Edith Piaf
The party told you to reject the evidence of your eyes and ears. It was their final, most essential command. - Orwell
No amount of belief makes something a fact. - James Randi
Yes, like 3 times I said yes and explained why... Unless you are ready to reply on how this will impact Biden’s transition from oil, something you admitted not knowing anything about, despite his policy page, the debates and the massive controversy as a result... stop pretending I didn’t answer... it’s the 4th time I did and you have yet to stop asking... if not spreading misinformation, what is the point of this? How many times do I have to say ‘yes’ and explain?
Does your script not have a chapter on my reply or are you stuck on repeate?
/iisreset
Folly and fakery have always been with us... but it has never before been as dangerous as it is now, never in history have we been able to afford it less. - Isaac Asimov
Every damn thing you do in this life, you pay for. - Edith Piaf
The party told you to reject the evidence of your eyes and ears. It was their final, most essential command. - Orwell
No amount of belief makes something a fact. - James Randi
No intelligent gambler uses bookies for this type of bet. They take an arm and a leg in vigorish. Every sophisticated gambler uses betfair or other exchange.
Trump was significantly less than evens before polling no matter who you bet with.
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Biden was 4/1 after the initial votes came in for Trump, so obviously you need significantly less to hedge the bet. Math.
Folly and fakery have always been with us... but it has never before been as dangerous as it is now, never in history have we been able to afford it less. - Isaac Asimov
Every damn thing you do in this life, you pay for. - Edith Piaf
The party told you to reject the evidence of your eyes and ears. It was their final, most essential command. - Orwell
No amount of belief makes something a fact. - James Randi
Folly and fakery have always been with us... but it has never before been as dangerous as it is now, never in history have we been able to afford it less. - Isaac Asimov
Every damn thing you do in this life, you pay for. - Edith Piaf
The party told you to reject the evidence of your eyes and ears. It was their final, most essential command. - Orwell
No amount of belief makes something a fact. - James Randi