It is pretty obvious that there is a massive amount of YangBucks floating around on PredictIt right now. Yang has been absolutely surging in the Democratic Nomination marketplace. It is truly mind-boggling how many people want to bet on him winning this primary.
And gamblers are betting that he will be a stand-out of the first night’s debate in Miami:
I think they are right. Yang is a different cup of tea from what the people are used to. I know that the PC Cops are going to absolutely shred me for saying this, but Andrew Yang is guaranteed to stand out due to the fact that voters aren’t used to seeing Asians runs for president. However, I am basically Dr. Martin Luther King’s #1 student because I believe in judging people by the content of their character. And the content of Yang’s character is a smart guy who is campaigning on an issue that is totally new in U.S. politics, which is Universal Basic Income (UBI). Andrew Yang wants to give all Americans $1000 every month, which he is calling a “Freedom Dividend” but the cool kids are calling “YangBucks.” Here is an illustration of how YangBucks work:
Anyway, this whole idea of basically becoming a communist country that hands out cash to people is guaranteed to get every newsman’s jaw flapping post-debate, so I am thinking we are headed towards a 24-hour cycle of YangBuzz. And where there is YangBuzz, there are usually YanBucks close behind. Lots of you will try to make money by betting that he will catch a boost in the polls, and that isn’t a bad call. But I am going to get rich a different way. That is because to make money in Yang’s RCP Polling market, this guy would actually have to move up in the polls. And as I told you already, predicting RCP averages is a complicated business that I do not like to get involved in. But predicting where dumb traders will deposit their money is easy. All you have to do is look around. So my bet is actually here:
I am going to wait for the peak of the Andrew Yang news cycle, which will probably be five minutes before the Thursday debate. At this point, I am thinking that Yang’s shares will be peaking on PI at 15-18 cents and I will start buying shorts, which will turn into bricks of gold when the odds on this nobody candidate eventually contract to 10-13 cents, where they’ve been for a while (and are stupidly overpriced even at that).
This is a genius plan because it will hopefully net me as much as winning the polling market with a lot less risk, since those RCP averages are completely bananas and will scorch you if you aren’t careful.
Send me a few YangBucks as a thank you.