Editor’s Note: Everyone has a take on the GOP nomination, including Vegas! Â The following is from The Daily Beast, in which they found out how the gamblers are looking at this campaign. Â There is an “odds on” favorite.Â
Every four years, I have a chance to enjoy two of my favorite things at once: gambling and politics. And politics—besides the Academy Awards—is the area where I’ve consistently made money.
I’m not sure which election I first bet on, but I recall making small wagers on Carter vs. Reagan in 1980, when I was 15. Through 1992 it was just small, friendly bets among friends. However, in 1996, I made a friend who shared my interest in gambling and politics—but for whom a $5 wager was not going to do anything. I wound up betting $500 on Clinton and he won in a landslide. One of the best bets I ever made.
Fast forward to 2008 and it was time for the next landslide. By Election Day I had $34,000 on Obama. Who were these people betting the other way? Were they counting on the…(read more)
