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Trump just dropped like 2% in 20 minutes on Polymarket

Posted on 11/1/24 at 6:41 pm
Posted by GeneralLee
Member since Aug 2004
13946 posts
Posted on 11/1/24 at 6:41 pm
Down to 57.5% now, WTF is going on? Is there Soros money pouring in trying to influence momentum for Harris?
Posted by Mandtgr47
Member since Aug 2024
7918 posts
Posted on 11/1/24 at 6:41 pm to
LOL.....idiot.
Posted by OWLFAN86
Erotic Novelist
Member since Jun 2004
194508 posts
Posted on 11/1/24 at 6:43 pm to
hedge bets

People who are too weak to risk money then risks more trying to protect their arse


as the Trumo bets get cheaper they'll start going back up
Posted by The Boat
Member since Oct 2008
175758 posts
Posted on 11/1/24 at 6:43 pm to
People are selling and locking in their gains before the election. They’ll start buying Trump again if he gets low enough. These aren’t betting sites like most people are used to. They can be better described as a stock market.

There’s no data out that would shift the state of the race in a major way.
Posted by Seldom Seen
Member since Feb 2016
48737 posts
Posted on 11/1/24 at 6:43 pm to
quote:

Is there Soros money pouring in trying to influence momentum for Harris?



Most likely, yes.
Posted by dcbl
Good guys wear white hats.
Member since Sep 2013
31552 posts
Posted on 11/1/24 at 6:43 pm to
Follow the trends if you wanna get rich - ask anyone in Vegas!!

Posted by IT_Dawg
Georgia
Member since Oct 2012
26293 posts
Posted on 11/1/24 at 6:43 pm to
No. People are believing the biased polls and the ability for them to cheat based on all the court rulings. We will never have fair elections with mail in voting and drop boxes. Period
Posted by StansberryRules
Member since Aug 2024
4256 posts
Posted on 11/1/24 at 6:45 pm to
Lot of locking in gains going on.

Many people bought Trump in the mid 40's and made a 20% return when it was up to 65. People cashing out while ahead and don't want to risk losing it all.

The betting markets and mathematical models are converging in the end, they'll show Trump as roughly a 55/45 favorite on election day, perhaps a few points higher.
Posted by Jake88
Member since Apr 2005
78051 posts
Posted on 11/1/24 at 6:46 pm to
The media is hyping David Plouffe saying that undecideds are breaking for Harris. There is no evidence for that.
Posted by tigeraddict
Baton Rouge
Member since Mar 2007
14387 posts
Posted on 11/1/24 at 6:46 pm to
Money. More money has been buying Harris than Trump. That’s all that means
Posted by TakingStock
Member since Jun 2009
7334 posts
Posted on 11/1/24 at 6:47 pm to
These bets are meant to discourage Trump supporters; basically the financial equivalent of what’s happening in line in Bucks County.
Posted by PoppaD
Texas
Member since Feb 2008
5337 posts
Posted on 11/1/24 at 6:49 pm to
quote:

The media is hyping David Plouffe saying that undecideds are breaking for Harris.


Correct. Even if it were true. How many damn voters are still undecided?
Posted by wareagle7298
Birmingham
Member since Dec 2013
3558 posts
Posted on 11/1/24 at 6:52 pm to
quote:

Correct. Even if it were true. How many damn voters are still undecided?


And thats the undecideds that are remaining after the 65 million or so that have already voted.
Posted by CP3LSU25
Louisiana
Member since Feb 2009
52570 posts
Posted on 11/1/24 at 6:55 pm to
quote:

hedge bets



or a plane load of harvest ballots came in
Posted by Captain Poopie Pants
Pag Island
Member since Jun 2020
487 posts
Posted on 11/1/24 at 6:59 pm to
Someone dropped over $600,000 on Harris. They’re intentionally trying to make it closer than it is.
Posted by Tuscaloosa
13x Award Winning SECRant user
Member since Dec 2011
50429 posts
Posted on 11/1/24 at 7:00 pm to
Posted by Tuscaloosa
13x Award Winning SECRant user
Member since Dec 2011
50429 posts
Posted on 11/1/24 at 7:00 pm to
Posted by MilwaukeeKosherDills
Member since Aug 2021
480 posts
Posted on 11/1/24 at 7:03 pm to
1. Betting does not equal votes.

2. No one who doesn't have crypto on the line should care.

3. 57.5% is still landslide territory. Chances are the actual results will be closer than that.
Posted by aib799
Member since Jul 2014
525 posts
Posted on 11/1/24 at 7:03 pm to
Wonder what the excuse would be if Kamala was 65% and Trump was 35%. There is no scenario in which the majority of this board couldn’t twist an argument in Trump’s favor.
Posted by TigerMyth36
River Ridge
Member since Nov 2005
40978 posts
Posted on 11/1/24 at 7:06 pm to
Do you not understand Polymarket means nothing. Did you even know you can't bet on elections from within your country? It was pointless to get excited when it was 60/40. It is even more pointless to get your panties in a wad over a tiny dip to 57.5/42.5
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