Source: The Hill
“[Y]ou will hear from pundits and seasoned election experts that the betting markets are never wrong. And usually they aren’t. But anyone who has ever gambled in a casino, or knows the statistics behind it, understands that the house always wins. I’ve heard the everyday bettor, the pundit and the highly knowledgeable news anchor all say ‘what do the betting markets know that we don’t? It must be something.’ Well, I’ve got news for you — it’s a load of hooey. … you have to understand what drives these betting markets — the bettors. They are betting on nothing more substantial than the ‘vibes’ that once made Harris’s victory seem inevitable earlier this summer.” (11/02/24)
https://thehill.com/opinion/campaign/4966317-trump-election-betting-markets/