burger_flipper2 comments on Buy Now Or Forever Hold Your Peace - Less Wrong
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follow up on the poker player's results (he put up 10K because he was convinced Intrade was easy to beat):
Can't sleep, so, postmortem:
I did two things very right, and one thing wrong. Almost all of my predictions prior to 2/5 were dead on, and they largely continued to be once the count actually began, except for one thing: because they fit my preconceptions and what I hoped the last minute vote was doing, I trusted Drudge's leaked polls. As such, I immediately jumped into the Dem market with both feet when I was previously committed to staying away from it until I saw EST results. The upside was that, when the aforementioned results came in and proved those polls horribly flawed, in most cases I got to take the money and run everywhere else before the market knew what hit it. I immediately got out of the national Dem market only down $500 or so and actually made a big profit off the states.
In short, I give myself a B+ for the night.
Oh yeah, results...up 2800 on the night, 35% total, and nearly 100% since NH with a lot of money still sitting in those guaranteed $$$ Pres.McCain shares.