Would you bet the house that the Democrats will win the House? Some people who take bets for a living sure won’t — they’re wagering that the GOP will likely maintain a House of Representatives majority.
Those making this prediction are the odds-makers at online betting site MyBookie. This is significant. Professional pollsters don’t necessarily lose money if they’re shown to have been inaccurate; in fact, telling mainstream media what they want to hear may guarantee their “business.” Moreover, pollsters tend to be highly political.
Betting sites, however, absolutely will lose money if they get the odds wrong.
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