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Culture War Roundup for the week of October 28, 2024

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Since we're on the topic of the election, a question about betting odds from an almost complete n00b on the topic. Paddy Power is one of the biggest bookies in Ireland and the UK, and they're offering odds on the election outcome:

  • Trump to win - 1/2
  • Kamala to win - 13/8
  • Kamala to win the popular vote - 8/15
  • Trump to win the popular vote - 6/4
  • Kamala to win the popular vote and Trump to win the election - 6/4

Am I tripping, or is something not adding up here? If they're placing Kamala as the favourite to win the election, surely any derivative bet from that conditional should also be the favourite, and vice versa. Why do they apparently think "Kamala wins the popular vote but Trump wins the election" is more likely to happen than not, but "Trump winning the election" is less likely to happen than not?

EDIT: Disregard, I get it now.

Just use Polymarket. It's way more intuitively expressed as percents instead of bookie returns.

1/2 means you get half of your stake as winnings if you win, meaning it's roughly 66% to happen after the bookmaker's margin. Trump is currently the favorite to win the election.

Harris is favorite to win the popular vote but due to the US electoral system that is not the sole qualifier.

Yep, I get it now, I had it all backwards in my head because I'm very new at this. Thanks a lot!

You have to bet 2 dollars to win 1 for a Trump to win.