The process of crunching each district’s statistics
Makes some people happy, but some people sad
The numbers the polls are reporting, supporting
Obama’s election, make Romney’s team mad
The “quants” find the stats’ inferential potential
A powerful weapon—the greatest one yet—
They’d back its conclusions ‘gainst bunches of hunches,
And unlike the hunchers, they’re willing to bet.
When faced with the Five-Thirty-Eighters, the haters
Will trust in the wisdom of “somebody said”
The confidence placed in some minion’s opinions
Stems largely from favoring blue state or red.
Belief is perception—our bias can pry us
To left, right, or center, in so many ways
But numbers are numbers—they show it; we’ll know it,
And all of it done… in a couple of days
Just search for “Nate Silver’s Bet”, and you’ll find all the context you need. I’ll link to The Atlantic’s take, cos it stands out a bit–Nate Silver is willing to put his money where his mouth is, and maybe political punditry would be better served if more writers had to back up their lip service with cold hard cash.