People somehow believe betting markets are designed to make the most accurate prediction. They're not. They're designed to make the most money.

Bernie or Elizabeth would be great!

Because that’s what will happen. People need to stop living in unicorns and rainbows la-la land and get a clue. As much as I love Warren, she hasn’t a prayer in the general and Sanders less than a prayer.

had the Warren surge and at least some of the betting markets favored her. As I recall, there was a Harris surge before that.

Like little waves lapping against the front-runner's seawall.

You think it was the Joe Rogan endorsement that changed the odds? Or the new poll numbers? Or when Warren tried to attack him? Interesting.

A bookmaker gets $100 in various bets on the Kansas City Chiefs at -1 (KC favored) He gets none on the San Francisco 49ers.

If KC wins by 2 or more he wins $100, but if SF wins he loses all his bets. So, as time goes on and based on the incoming bets, a bookmaker will adjust his line to attract bets on SF to cover himself and reduce the damage if the bets on the two teams aren't balanced.

The fact that the odds on candidates flips doesn't mean that candidate now has a better chance of winning, it means that the bookmakers are protecting themselves against an overwhelming financial loss.

I mean if the line moved towards Bernie being the favorite, that's making it more attractive to Biden bettors. So that would mean that before the move, they probably had more Bernie bets than Biden bets, so they moved it to attract more bets for Biden.

I hadn’t looked at that site since around the 2018 election. There were markets for the outcome of several California seats that Democrats ultimately won during the long vote count.

I don't know, but it's certainly interesting.