A market move like this is a good indicator of sentiment. That is sentiment swinging toward Trump. For the market to move in from $30 to $22 now, it's taken at least $3-$5 million on bets backing Trump to be the next president. And that's bets being placed in the past 48 hours. Mostly the past 6 hours. The market isn't a perfect predictor, but it's a good indication that serious sentiment is starting swing in behind Trump.
A market move like this is a good indicator of sentiment. That is sentiment swinging toward Trump. For the market to move in from $30 to $22 now, it's taken at least $3-$5 million on bets backing Trump to be the next president. And that's bets being placed in the past 48 hours. Mostly the past 6 hours. The market isn't a perfect predictor, but it's a good indication that serious sentiment is starting swing in behind Trump.
so that means.. if I bet $100 on trump two days ago I would've made $130, but now I only get $122?
or something like that? Still a bit confused
At $22 if you put $100 on Trump and he becomes the next President, you get $2,200.00
Previously you would've gotten $3000?
Correct. In fact on Thursday he's was at $35.00 (that's been the high I think) so a $100 bet would return $3,500.00