#BOOKMAKER POLITICS PLUS#

Lee: A lot of interest in in the various states. What are some of the most popular bets that people have been placing so far? We just got outliers, but very high-profile outliers that kind of shaped people’s opinion of the difficulty with polls.Ĭraig: And it’s not just who’s going to win the White House this year.

#BOOKMAKER POLITICS PLUS#

general election and polled those, in all likelihood, about 90% plus of those would be polled correctly. If you looked at the 650 constituencies in the U.K. And essentially, they were three high-profile scenarios, that kind of all went against the polls. election, you had Brexit and then you had the for Theresa May in the U.K. Lee: In 2016, you had Donald Trump in the U.S. Victoria Craig: So how accurate of an indicator is betting if we compare it to the outcomes of other elections here in the U.K., for example? Is it more reliable than polling is? election, and people are remembering that, they’re remembering the payouts that they had and they’re happy to go again. Four years ago, Donald Trump obviously knocked over Hillary Clinton in the U.S. So, approximately 8 out of every 10 bets we’ve taken in the last two months have been on Donald Trump. Joe Lee: It’s safe to say that there’s only one candidate that people are interested in, and that’s Donald Trump.

and Ireland, spoke to the BBC’s Victoria Craig on the global edition of the “Marketplace Morning Report.” Below is an edited version of their conversation. Joe Lee, head of political betting at Paddy Power, one of the biggest bookmakers in the U.K. In fact, their staples of horse racing and football have been overtaken in popularity by betting on politics. While election betting is illegal in the U.S., it’s not in the U.K., where the sector has seen a growth in demand. Election Day is just four days away, and as Americans head to the polls, people in other parts of the world are placing bets on who they think is likely to win the White House.

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