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It's just statistics. Even if it's 60/40 you could be wrong 4 out of 10 times.
by asow92 2y ago
It's just statistics. Even if it's 60/40 you could be wrong 4 out of 10 times.
- rootusrootus 2y agoThis is true, but go ask Nate Silver how that went for him in 2016. The general public has only superficial familiarity with even basic statistics. 60/40 is perceived by many as a near guarantee. More than enough to make them cry 'stolen election!' if the election does not go the way they want.
- chatmasta 2y agoMarket dynamics are subtly different than statistics of traditional polls, since you need to account for fees and slippage and irrationality. You’d also need to compare this to a poll asking “who do you think will win the election?” which is a different question from “who are you voting for?”
- n2d4 2y ago"Subtly different"? It's not even remotely the same thing, all they have in common is that the unit is %. The betting probability is the (expected) chance that a certain candidate wins, while polls measure the % of population that votes for a candidate. A polling lead of 20% would seal the election.