@oralloy,
oralloy wrote:I am still not sure that you understand what my prediction is.
I understand your prediction to be that the Republican candidate inevitably wins come November 2016.
oralloy wrote:However I am open to betting. Note though that I never bet money. I prefer friendly bets where one side simply admits that they are wrong.
Works for me.
oralloy wrote:I'm not sure how odds would come into play. I'm either 100% right or I am 100% wrong. We'll know which it is come election night.
True, but right now we don't know which. Odds come into play because they measure people's confidence in their predictions. For example, if we
did bet for money, and you really think a Republican president is inevitable, you should take a bet even at very short odds like 99:1, because you would still expect it to be profitable. (99:1 means that you put 99 cents on the table, I put 1 cent on the table, and whoever wins gets the whole sum once we know).
As for myself, I think a Democratic victory is more likely than a Republican victory, but I don't yet have any strong opinion on how much more likely. So if we did bet for money, something like 60:40 sounds about right for the odds I would currently accept for a Democratic president in 2016.