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As of this morning Clinton is even to take the presidency and Rubio is -150 to Trump’s +160. But if you followed trusted lines rather than most of the polls in the 2012 presidential race you knew the results well ahead of November 4th – much to the chagrin of the losing side. What you are doing is taking a high-house-edge bet on the hard 4 or 10 (the hard 4 and 10 carry a casino advantage of 11....

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But the odds are all over the place with Paddy Power favoring Trump at 1/6 and Rubio 4/1, while Betfair is ranking Trump, Kasich, Rubio and Cruz. Democrat leaning Indies can choose the republican they are most sure their desired nominee will trounce in the general election and buoy him or her by voting for the other side in the primary, then casting a ballot for their favored party’s nominee in November. But if you followed trusted lines rather than most of the polls in the 2012 presidential race you knew the results well ahead of November 4th – much to the chagrin of the losing side....

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Hedge betting by using one wager to offset the “negative probabilities” of another wager is just not smart betting on a crap game.Are bookies better at predicting elections than the national polls? That question has yes and no answers, and to our knowledge has never been determined by a recognized and scientifically controlled study.4% house edge by laying odds....

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Every bet on the crap layout has a negative expectation.You can’t, Bill, have it both ways. But if you followed trusted lines rather than most of the polls in the 2012 presidential race you knew the results well ahead of November 4th – much to the chagrin of the losing side....