Any thoughts on the Presidential betting market? The odds here are just the total return for a £1 bet so 2.5 would be +150 in US odds. The market is saying Trump 40%, Biden 31.25%, Haley 9%, Michael Obama 4% etc
It's not just about picking a winner - if you have a very strong view that a candidate was going to be eliminated you can lay them, or if you're sure it will be between Trump/Biden then lay the field,or conversely lay Trump/Biden and back the field if you feel some upset may happen between now and the election.
The small print:
This market will be settled according to the candidate that has the most projected Electoral College votes won at the 2024 presidential election. In the event that no Presidential candidate receives a majority of the projected Electoral College votes, this market will be settled on the person chosen as President in accordance with the procedures set out by the Twelfth Amendment to the United States Constitution.
This market will be settled once both the projected winner is announced by the Associated Press and the losing candidate concedes. If the losing candidate does not concede, or if there is any uncertainty around the result (for instance, caused by recounts and/or potential legal challenges), then the market will be settled on the winner decided by Congress, on the date on which the Electoral College votes are counted in a joint session of Congress.