I’ve got new for you brother, the betting markets were just as clueless on the 2016 election as were the polls...
PredictIt, an online trading platform jointly run by Victoria University in Wellington, New Zealand, and Washington, D.C.-based political consulting firm Aristotle International Inc:
Clinton - 81 percent
Trump - 20 percent
Iowa Electronic Markets, winner-takes-all trading market:
Clinton - 71 percent
Trump - 28 percent
UK-based Betfair, internet betting exchange:
Clinton - 83 percent
Trump - 18 percent
UK-based Ladbrokes, online betting platform:
Clinton - 83 percent
Trump - 22 percent
Ireland’s Paddy Power, bookmaker:
Clinton - 83 percent
Trump - 18 percent
Probabilities were as of roughly 6:30 p.m. EST (2330 GMT) on Sunday.
You are correct, as I was eye balling the rates over the final weekend.
The betting line only indicates how a fool and his money are soon parted.
I used to be a heavy bettor, once had $55K on a single monday night game {to be honest, I had won 50 large over the weekend, and got greedy}. I lost.
The betting lines don't mean a thing, only that like minds are looking for reassurance anywhere they can find it.