Intrade - Obama at 62.8%

[reflection]

He's starting to rise rapidly. Love it. Was hovering around the mid-to-high 50s for awhile there.

Just thought I'd share some good news.

[rurallib]

1. any idea what sort of number would be considered a 'lock'?

[reflection]

9. no, I'm sorry.

I guess theoretically until it's done, there is no lock. Only odds.

[Texas Lawyer]

2. The Iowa Electronic Markets have the President at 67%

http://iemweb.biz.uiowa.edu/quotes/Pres12_Quotes.html

[DemocratSinceBirth]

6. He's 11-4 At The London Betting Markets

.

[onecent]

3. I am sorry to be so mis-informted...but what does Intrade mean?

Thanks...appreciate a little info...it sounds interesting.

[Carnage251]

4. It is a betting webstite

[reflection]

5. no problem

Basically, it's a site where you can buy and sell shares of a percentage likelihood of an event. 0 occurs when a candidate has lost (no worth) and 100% when they win. And everything in between. Obama's stock is rising. The money says he is trending to victory.

There are a lot more things to bet on besides Obama and Romney. Whether Greece will leave the eurozone, all kinds of stuff.

[onecent]

7. Thanks for the answer....I don't always

understand some of the terms etc here..but I'm trainable....ha
Penny

[reflection]

8. take what I say with a grain of salt

I barely understand it myself. Nice to meet you!