I wish someone would decompose @PredictIt contracts by people,
- Making calculated bets;
- Gambling for the thrill, and;
- Paying for the the illusion of political agency.pic.twitter.com/H1IaDWH1ll
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I mean, looking at your profile, it seems like you're on their. If you're in the first group, you not only have to make sure your estimates of the odds are better (1), but you're trying to take the money of (2) and (3).
(2) exists in every betting market. Like, OTB wouldn't exist without (2). But, (3) is (uniquely?) political. Looking through the comments on some markets, it's hard to not assume that it betting against Trump alleviates a specific feeling of impotence, without respect to odds.
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