While the mainstream media never has any clue as to how presidential elections are going to go, one sector of America that can’t afford to make incorrect predictions is none other than fabulous Las Vegas.
When CNN insists that there is NO WAY Trump will beat Hillary and they are completely wrong, they continue to operate as if nothing had happened.
When Vegas gets something like that wrong, the casinos have to pay. The exact opposite of their business model.
Needless to say, bookies have an extreme interest in getting the odds right.
US-Bookies.com has just reported that the odds on both Trump winning the 2024 presidential election and Republicans gaining back a majority in congress are increasingly rapidly.
Trump’s implied probability to win in 2024 has now reached 25%, up from 22%. Biden? Well his odds have gone from 20% last month to around 16% now.
Vegas is saying what I’ve been saying all around about the chances for Biden to win a second term in 2024: Don’t bet on it.
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