Uninformed Gamblers Fooled Global Markets With Big Bets on Trump

(Bloomberg) — Shortly after 10 p.m. on election night, bettors went all-in on Donald Trump.Huge swaths of the country were suddenly turning Republican red on the electoral maps splashed on TVs and websites everywhere — Florida was in the bag for Trump; North Carolina and Ohio were breaking that way too, and early results from Georgia, Michigan and Wisconsin were all heavily in his favor.This, the gamblers told themselves, was a crystal clear sign that Trump had been badly underestimated by pundits and pollsters just like he had been in 2016 and that he would prove them wrong again and …read more

Source:: Yahoo Finance

      

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