Quote:
Originally Posted by ZeroJunk
That's true if anybody actually places bets. The last thing a bookie wants to do is gamble. They want the juice. So, if they get one sided they pass it on to a bigger bookie. The bigger bookies change the odds to reflect the way people are betting. But, if nobody is betting the odds can be anything.
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All consistent with my understanding of the betting business. Thank-you for the added information.
We do have a bit of data. Finbow's snapshot shows the odds on the impeached/resign bet to be 11/10. When I looked later they were shown as even. This would be the odds being adjusted in response to the way people are betting, would it not? So we can deduce that an active betting pool exists.
It's true we don't have data on volume of bets, and that would be crucial in assessing the strength of sentiment/knowledge they represent