With an enormous election war chest, winning record and instant name recognition, Jeb Bush has been red-hot favourite on Betfair for the Republican Nomination ever since declaring. Paul Krishnamurty, however, believes his bid is ultimately doomed, for the following seven reasons.
1) Early favourites in recent GOP contests have a terrible record
Betting markets have an outstanding record of predicting winners when it comes to the closing stages of elections, but early favourites of leadership contests are notoriously unreliable. Particularly in the Republican Party’s case.