Question by James E Lewis AKA choteau: Why are all of the betting oddsmakers giving President Obama short odds & Romney Long odds of winning?
Consider this, Book makers and betting odds makers have their money and even their lives on the line to present HONEST odds. Not to mention that they lose money if the call it wrong and make a lot of money if the call it correctly.
Now consider “Polls”. The Pollsters get paid by the media companies. The media companies make money during close Presidential races. So, the pollsters make more money if they can make it look like a close race.
Best answer:
Answer by rightstuff
IF YOU KNEW ANYTHING ABOUT BETTING ODDS AND YOU DONT THEY ONLY WIN WHEN 50% IS BET ON BOTH SIDES
What do you think? Answer below!