2016 Postmortem
Related: About this forumMarket view of Obama reelection odds
One of the more objective indicators of Obamas reelection chances can be found in the betting markets. Over the last few months, Obamas reelection probability had held steady at about 60%. This started to change with Romneys attacks, which caused a gradual slide of the reelection odds over the last few weeks. Obamas pronouncement over gay marriage has added significantly to this gradual slide. To visualize this, take a look at the chart here and expand the graph to show the last months values. https://data.intrade.com/graphing/jsp/closingPricesForm.jsp?contractId=743474&tradeURL=https://www.intrade.com
Although by no means perfect, the betting markets are minimally affected by ideology and are able to turn available information into an objective prediction.
I wonder where were the cool heads when Biden decided to force Obamas hand in the issue of gay marriage. A sincere effort to pursue greater justice may now end up in a constitutional amendment writing injustice in stone.
Schema Thing
(10,283 posts)DavidDvorkin
(19,480 posts)It's hanging fairly steady between 59 and 60%
Meanwhile, Romney has dropped below 36%.
I don't see a problem.
DavidDvorkin
(19,480 posts)By definition, it's subjective.
Drunken Irishman
(34,857 posts)Intrade puts Obama's chances at 59.3% right now - hardly significantly down from where they were the last week. Yes, he's lower than the 60% he saw throughout much of February, March & April, however, the supposed 'slide' also started when Romney essentially locked up the Republican nomination - which was to be expected as he was no longer going to be pulled down by campaigning and his numbers improved significantly, as the markets coalesced around that idea.
Look at Romney's numbers over the same period:
https://data.intrade.com/graphing/jsp/closingPricesForm.jsp?contractId=743475&tradeURL=https://www.intrade.com
In fact, Romney is doing worse today than he was in February, even with having locked up the Republican nomination. What you're seeing Obama's side is nothing more than static - as a 2 point drop is essentially nothing here and that's what we're pretty much looking at.
Wake me when Obama is back down to 50% and then I will suggest the gay marriage announcement significantly hurt his campaign. As it is right now, it's had little impact on the market.
Douglas Carpenter
(20,226 posts)to consolidate Republican support is not a significant indicator of the reaction to Obama's shift in position on Marriage equality. In fact it does not really indicate anything at all. Minor adjustments of 1% to 3% occur on prediction markets on an almost daily basis. Whether this shift by Obama creates a net gain or a net loss simply cannot be evaluated at this time.
cindyperry2010
(846 posts)keep your eyes on that and go VOTE
Dawson Leery
(19,348 posts)aaaaaa5a
(4,667 posts)Drunken Irishman
(34,857 posts)The electoral college just is not favorable to Romney. It's very similar to the Democrats' in the 80s.
aaaaaa5a
(4,667 posts)There is a viable path to 270 for Obama that does not even include, NC, OH, VA and FL. Yes, that's right. Obama can get to 270 losing all 4 of those states simply by winning NH, IA, CO and NV. Obama has multiple paths. Romney really only has 1.
Proud Liberal Dem
(24,416 posts)some maps I've seem suggest that Romney could sweep all of the toss-ups and STILL lose! The odds of him doing that, however, unless things just get simply atrocious somehow, seem pretty miniscule. The Republicans would have to have a REALLY good and run the tables for something like that to occur- and if that did happen (heaven forbid), then strap on your seat belts because we would then not only be looking at a President Romney but also Senate Majority Leader Mitch McConnell and at least another 2 years of Speaker John Boehner. Just try to put that image in your minds (and the minds of your friends and loved ones) when you think about possibly not voting in November!
LetTimmySmoke
(1,202 posts)Got it.
Drunken Irishman
(34,857 posts)Domingo Tavella
(41 posts)Please look at the chart again. In the last two months, Obama's odds have dropped by 4 percentage points (from 60.5 down to 56.5 today). The dropping is steady and increasing. At this rate, he would drop by over 10 points by election day, giving Romney an edge of about 4%. Unfortunately, simply looking at the current rate of drop underestimates the odds, you have to take into account the rate of the rate, which is quite significant. This is very bad news for Obama and the country. Enjoy this brief interlude of civilization while it lasts.
Drunken Irishman
(34,857 posts)Give me a fucking break. You're a concern troll. Wake me when Romney overtakes him. Until then, who cares if he's at 60% or 57%?
yellowcanine
(35,699 posts)And where is this analysis of the "rate of the rate" which you say is "quite significant"? By the way there is no term in statistics of "quite significant." There is significant at some probability level, usually p = 0.05 or p = 0.01. Sometimes if p = 0.01 the term, "highly significant" is used. But "quite significant" is not a term used in statistics. There is just "significant" or "highly significant." However it is used in seat of the pants analysis, which is what you are doing. AKA "bullshit statistics."
stevenleser
(32,886 posts)I would say welcome to DU but I would be lying if I said I wanted to welcome you.
a kennedy
(29,680 posts)intaglio
(8,170 posts)The study was done back in 2008 and covered elections through 2004. It seems that over "longer horizons" (which I take to mean more distant from the actual poll) they are more accurate than opinion polls. Not that the current InTrade market is only about the chance of the President remaining the president - it says nothing about margins or electoral college results
Douglas Carpenter
(20,226 posts)Johnny2X2X
(19,074 posts)Obama is up .19 today as the fallout from Marriage Equality evens out.
Intrade is non partisan.