British betting odds US 2016 presidential election

[wildfood]

Jeb Bush 2/1 for Republican nominee, closest is Scott Walker at 7/2.

Hillary Clinton 1/7 for Democratic nominee, closest is Martin O'Malley 16/1.

In the general election Hillary is 10/11 and Jeb is 7/2.

http://www.paddypower.com/bet/politics/other-politics/us-politics?ev_oc_grp_ids=481890

[EliteLX]

Heavens that website is God awful.. lol. O'malley before Sanders? Walker before Rubio and the such? Bush also has much shorter of a chance at the nomination than 50%.

Maybe 33%. but uh.. yea, quack source.

[Phony Moderate]

Heavens that website is God awful.. lol. O'malley before Sanders? Walker before Rubio and the such? Bush also has much shorter of a chance at the nomination than 50%.

Maybe 33%. but uh.. yea, quack source.

You mean the punters, not the website.

[palandio]

Heavens that website is God awful.. lol. O'malley before Sanders? Walker before Rubio and the such? Bush also has much shorter of a chance at the nomination than 50%.

Maybe 33%. but uh.. yea, quack source.

You don't understand how British betting odds work.

2/1 for Jeb Bush means that if you bet 1 pound on him and win, you get back your pound plus 2 pounds. Hence 2/1 would translate into something like 33.3%, but Paddy Power wants to make some money and therefore 2/1 means even a bit less, maybe 30%.

10/3 for Rubio means 1/(1+10/3)=3/13=23.1% or less, maybe 20% or a bit more.

7/2 for Walker means 1/(1+7/2)=2/9=22.2% or less, maybe 20% or a bit less.

You see, Paddy Power's odds are not too different from those on American markets.