They can't be 60 to 1 and 30 to 1. Just buy both sides and guarantee to win big? The payout for a 1 dollar bet is approx 1.70 for Biden and 2.50 for Trump. Means biden is favored
I've spent more time on this one than I would like....I even went to the RCP site, doesn't this show, like every other RCP averaged poll that Joe has a 60.1% chance of winning? I am a bit confused.
Not disheartened or pushed down as the issue that I'm worried about is fraud not polls.
I'm not getting it. How do I read this?
They can't be 60 to 1 and 30 to 1. Just buy both sides and guarantee to win big? The payout for a 1 dollar bet is approx 1.70 for Biden and 2.50 for Trump. Means biden is favored
I think you are reading it wrong (see my other comment).
For fractional odds the payout is 1/fraction
Or, easier way to put it is buy at the fractional amount and win 1.
So buy Biden at 60 cents and win 1 dollar if he wins
The fraction is also the implied probability.
Strange, when Biden was ahead on betting odds there were like 200 articles to let everyone know, now that the odds are not in his favor, silence.
I've spent more time on this one than I would like....I even went to the RCP site, doesn't this show, like every other RCP averaged poll that Joe has a 60.1% chance of winning? I am a bit confused.
Not disheartened or pushed down as the issue that I'm worried about is fraud not polls.
I think you guys are reading this totally backwards. This is saying Biden with 63% odds.
Look at preditcit
https://www.predictit.org/markets/detail/3698/Who-will-win-the-2020-US-presidential-election
Selling Biden for 60 cents, pays 1$ if he wins. That means he is considered more likely.