[TheBagman]

ABC News

Watch that video.

You can buy stock in politics and current events, and surprisingly it has an extremely good track record at being right. Anyone here trade on Intrade?

Intrade Prediction Markets

[elroypornlab]

I got 10 shares of The US Economy will go into Recession during 2008 @ 28.4 s we will see

[TheDriver]

This is fucking stupid. This is straight up gambling.

These dumb idiots. "Why have we been trading stocks all along?" Maybe because you are taking a share in a company that is trying to create value. There are financial reasons for trading futures for risk management in companies , but hedging on political outcomes has little value to business because placing a value or cost associated with a political outcome is difficult.

Even if the audience is right most of the time, the odds will reflect that and include juice. This is stupid, and people don't even understand this shit. You might as well bet of sports. There is no free lunch.

[TheBagman]

Originally Posted by TheDriver

This is fucking stupid. This is straight up gambling.

These dumb idiots. "Why have we been trading stocks all along?" Maybe because you are taking a share in a company that is trying to create value. There are financial reasons for trading futures for risk management in companies , but hedging on political outcomes has little value to business because placing a value or cost associated with a political outcome is difficult.

Even if the audience is right most of the time, the odds will reflect that and include juice. This is stupid, and people don't even understand this shit. You might as well bet of sports. There is no free lunch.

Of course this is gambling, no one said it wasn't.

What's the difference between betting on sports and outcomes of political and current events?

[elroypornlab]

I see no differance

[AnnonUSA]

Companies used to sell stock to allow investors to share in the profitability of sound corporations.

Today Companies are held hostage and forced to make unwise and sometimes damaging decisions because of stockholders.

In the past sound business practices and good investments returned good profits on investments and some times investors won and sometimes they lost a bit, which forced companies to become more competitive and profitable. Today profit taking is first and foremost, satisfy the investors at all costs or they will destroy the company. So quality, safety and innovation are pushed to the background.

[taco]

You can bet on politics at most sportsbooks anyhow.

[TheBagman]

Originally Posted by taco

You can bet on politics at most sportsbooks anyhow.

This is better, or at least more interesting. You can watch trends as the price of the "stock" goes up and down.

[TheDriver]

Originally Posted by TheBagman

This is better, or at least more interesting. You can watch trends as the price of the "stock" goes up and down.

There are sports book that operate the same way. As the game goes on, you can sell your 'stock' for a premium if you are winning and things are favorable, or you can sell you position for a discount if you are losing and the outlook is bleak. The prices of sports and political prop lines do go up and down before the event anyway, so there is practically no difference. Fancy charts doesn't make it any less gambling.

What is my problem with this site? First, it makes regular people think that its not gambling. Just call it what it is. Second. Stocks are valued in many way through fundamental and technical analysis. The value of a stock is generally the discounted cash flows it expects to generate plus the value of options to expand or innovate. You can't do that with a candidate. If a candidate goes 'bankrupt', you can't liquidate it. There is no underlying assets. What about insider trading? Even online sports books will call bets void if something becomes public before an event. If anyone has insider info, they could pretty much rape all of the people on this site. How are these stocks generated? I would be interested in that. What is stopping the company from just creating stocks out of the clear blue sky? I assume nothing. I could see you making money as a dealer on there, but I assume the site is pretty much the dealer, picking up on the spread whenever it can.

I just think the site is retarded and is attracting people for the wrong reasons. Everyone thinks they have some system, but they don't know shit. You can't make money in that gay market. With any reward, there is risk. You might as well throw your money out the window.

Thats what I think of that...

[TheDriver]

Oh, and in real markets, there is value creation to society. This is a zero sum game. If you lose another wins, and visa versa.

[TheDriver]

Originally Posted by elroypornlab

I got 10 shares of The US Economy will go into Recession during 2008 @ 28.4 s we will see

You are up .2

[TheBagman]

Originally Posted by TheDriver

This is a zero sum game. If you lose another wins, and visa versa.

That is exactly the same with sports betting. I don't think you understand what this is. I didn't post this as to what your opinion is whats a stock and whats not.

[taco]

it's still teh gheyz