Who’s the best bet: Boris or Obama?
The current odds-in favourites in the two most active betting markets are Obama for the Democratic nomination and Boris for the London mayoralty. The former is at 0.4/1 and the latter at 0.68/1. I think that the prices are the wrong way round and that Boris has a substantially better chance of making it than Obama does. Of course with Boris everything depends on how Londoners vote on May 1st while with Obama the majority of state battles have taken…