If you know other people are over confident you can bet against them. The null expectation is that every candidate has equal odds. If the market highly favors one candidate, and you don’t think there is any good reason to favor that candidate, then bet against the market. You can make money betting against over confidence alone.
If you know other people are over confident you can bet against them. The null expectation is that every candidate has equal odds. If the market highly favors one candidate, and you don’t think there is any good reason to favor that candidate, then bet against the market. You can make money betting against over confidence alone.