We went to the Hollywood FL Hard Rock Casino this weekend to check out the Guitar Hotel. While we were there, I put a bet down on my Green Bay Packers – who easily covered the 10.5 point spread, despite losing to the 49ers.
You can bet on all the games at the Hard Rock Sports Book: NFL, NCAA, NBA, NHL, and MLB. One thing you can’t bet on here is the US Presidential Election. If you are interested in that sort of thing, you can check out PredictIt.org, an online prediction market.
I’ve been tracking the political markets on this site for quite a while. It’s fun to see what people are putting their money down on ($850 limit). Despite the upcoming rematch between Biden & Trump seeming inevitable now, it wasn’t that way three years ago on Inauguration Day.
Here’s how the markets looked on 1/20/20:
You can see that Trump was neck-and-neck with Haley at just 16-cents (to win $1) for the 2024 GOP Nomination. I’m sure there were a lot of doubts whether or not the former President would run again. Biden was slightly behind his VP, Harris, at 36-cents.
Today, both are at 90-cents. That’s about as high as most of the markets get on PredictIt.
As an investment, futures in Trump’s potential to win the GOP Nomination have soared at a +78% compound annual growth rate over three years. Biden’s potential is up +37% a year. As my son asked, “how does that compare to the S&P 500?” Spectacular would he the answer to that! (Biden & Trump are both at 46-cents to win the 2024 election).
Looking at the PredictIt.org markets, which bets do you think will pay off well in the future?
Image: (c) MrFireStation.com
MrFireStation 
I need to find a way to short the federal government coming up with a balanced budget. Oh wait, I have a sophisticated 30 year hedge instrument called a fixed 30 year 2.65% mortgage.
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I shy away from debt, but wish I grabbed one of those while I still could!
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We could easily pay our house off, but my wife made me do it, and she was right. “Let government spending inflate your payment away.”
Another way to look at having no house payment is to consider you never really own your house anyway. If you think you own your house, then I highly recommend you attend your county’s next property tax auction. You will see that you have to continue paying the feudal landlord for the right to continue living on your serfdom for another year.
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