Quote from: Porfirii on October 13, 2020, 08:44:56 AM

Quote from: wxa7115 on October 12, 2020, 06:00:11 PM

Quote from: LGD2Business on October 09, 2020, 02:28:18 PM

Donald Trump winning odds are raising to 2.76 now on Cloudbet. I'm tempted to play but I won't.
I have still mixed feelings, I don't want Trump to win but something in my mind says he will win again. He always finds a way to me. I also think those debates have no major impact on voters.

You need to separate your feelings from your bets, as an example I have made bets against my favourite team when I believe they will lose, however I see it this way, if they happen to win then I will be happy about it and I will not care about losing my bet, but if they do happen to lose then at least I will have the comfort of having won my bet and that will soften the blow.

You could do the same, if you actually believe Trump will win even if you do not like him then putting a small bet on him will put your mind at ease, because if he losses you win by Trump not getting elected and if Trump wins you win as well by receiving a small amount of money because of it.

Indeed, I have always had this idea too; while I don't usually bet, it is a good way of damage control in case you don't want to go all in when you are biased because of your preference. You won't be 100% happy with this technique, but at least you can assure some 50% of happiness depending on your feelings and how you measure them economically.

In fact this is a form of hedging, just as you hedge your trades in the case something goes wrong you do not lose as much money, or you do the same as you gamble in order to avoid losing as much money when it is clear your bet is going to lose, or as you buy insurance for your home against natural disasters or robberies you are also hedging by doing what I describe in my previous post.

But what exactly are we hedging? Your feelings! I find out long time ago this is a great way to feel a little bit better when you do not want an outcome to happen but that you feel is quite likely to happen, as in the example above if you do not like the idea of Trump winning a small bet on his favour insurances you that no matter the results you will be somewhat happy the day after the elections.