Investors opinions on Kennedy and Pawlenty--posted by Tony Garcia on 6/14/2006
This post is an update on what the people who are putting the money where their objective beliefs are on various races. These charts come from TradeSports. Each contract will cash out at $10 if the event does occur, $0 if the event does not. The price before that represents what the market feels is the % chance of the event happening.
This is an experiment because I want to find out if these are automatically updating charts.
This is the Minnesota Governor's Race. The Chance of Pawlenty winning is trading at 70% and is trending upward. If you are convinced Pawlenty will win then buy some contracts at $7.00 each. If he wins you will be cashed out at $10.00 per contract.
This is the Minneosta Senate Race. The Chance of Kennedy winning is trading at 38.5% and is trending downward. If you are convinced Kennedy will win then register and buy these contracts. It will cost you $3.85 per contract...and if he wins you will make 159% profit!!
Yeah, I know, your money can also go into the campaigns to help them. But think of it this way. If for every $50 you give to the Kennedy campaign you also invested in the Kennedy contracts (at current price comes to 12 contracts) you would gain $73.80 when Kennedy wins.
Ah, I love capitalism!
********** UPDATE **********
The charts do not update...so they will not be going into the side columns.