Yet again, opinion polls have been proved spectacularly wrong in a major political betting event. Yet again, odds-on backers were taught a lesson about trying to buy money in US primary elections.
Monday’s Iowa Caucuses turned the Republican Nomination race on it’s head and, after a photo-finish, set the Democrat race up for a fascinating duel.
After trading odds-on for the nomination, a defeated Donald Trump has ceded favouritism to Marco Rubio, who at odds of 1.73 is now rated 57% likely to be the GOP candidate in November’s General Election. That despite only finishing third to Ted Cruz, who is still surprisingly weak at 7.0 (14%).