In theory. But from my experience, it's the opposite, and you can tell by the comments. I made a lot of money betting on Trump to win PA, FL, and POTUS on predictit. The only one I was unsure of was POTUS, but it was good odds so I took a gamble. The fact that FL, and to a lesser extent PA, had underdog odds meant people weren't betting logically. And the comments were akin to youtube comments.