Brexit: What Happened Take II

by Mike ‘Mish’ Shedlock
Mish Talk

Several readers are still wondering why the odds-makers and pollsters got it wrong so badly.

Let’s recap.

1. If the odds-makers made money, they got it correct. If they lost money, they got it wrong. That is all there is to it. Odd-makers do not predict results. People betting money do. I have not seen any analysis that suggest the odds-makers lost money. It’s possible they did, but if so it was most likely due to a late voting surge.

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